Sydney's 'fading' winter auction market taking weekend break, Melbourne paused

Sydney's 'fading' winter auction market taking weekend break, Melbourne paused
Sydney's 'fading' winter auction market taking weekend break, Melbourne paused

Sydney's 'fading' winter auction market will take a break for the Queen’s Birthday holiday weekend with over 400 homes are set to go under the hammer this Saturday according to Domain's Andrew Wilson.

He said this is predictably well down on last weekend’s June record of 789 auctions but significantly higher than the 284 listed over the same holiday weekend last year.

"Sydney’s south will host the most number of auctions this weekend with 54 closely followed by the upper north shore with 53, the west 46, the lower north 42, the inner west 41, the south west 38, the city and east 32, Canterbury Bankstown and the north west each with 25, the northern beaches 21, the central coast 13 and the Blue Mountains with just 1 auction scheduled on Saturday," he said.

"Lane Cove North is the most popular suburb for auctions this weekend in Sydney with 8 followed by Pyrmont 7, Bexley, Liverpool and Cremorne each with 6 and a number of suburbs with 5 auctions listed including Bankstown, Ryde and Dee Why."

"Over 250 homes are set to go under the hammer this Saturday in Melbourne which will be predictably well down on last weekend’s June record 1045 auctions conducted but similar to the 265 listed over the same holiday weekend last year.

"Melbourne’s west remains the most popular region for auction activity this weekend with 65 listings and well ahead of the south east with 40.  The north east and the outer east follow with 35 each with the inner east 25, the inner city and the north each with 16  and the inner south with 15 auctions listed.

"St Albans is the top suburb for auctions on Saturday with 8 followed by Reservoir and Noble Park each with 6 and a number of suburbs with 5 auctions scheduled including Craigieburn, Dandenong North, Melbourne and Rowville."

Tags: 
Auctions Residential Sales

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