Melbourne residential auction market remains positive

Melbourne residential auction market remains positive
Melbourne residential auction market remains positive

The Melbourne residential auction market remains positive for most sellers despite slowing over recent weeks according to Domain's Andrew Wilson.

He said Melbourne auction numbers will be lower this weekend with the mid-winter market pause to gather momentum over the coming month.

"Melbourne is set to host over 900 auctions this Saturday which will be down on last weekend’s 983 listings but similar again to the 901 auctioned over the same weekend last year," he said.

"Melbourne’s western suburbs are again the most popular for auctions this weekend with 149 listed.  Next highest region is the inner east with 132 followed by the inner south with 125, the outer east 119, the north east 113, the inner city 100, the north 85 and the south east with 57 auctions scheduled.

"Craigieburn is the most popular suburb for auctions this Saturday with 16 followed by Reservoir and Glen Iris each with 15 and a number of suburbs with 13 auctions scheduled including Glen Waverley, South Yarra and Hawthorn."

 

Tags: 
Auctions Melbourne

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