Results still positive for most Sydney and Melbourne sellers

Results still positive for most Sydney and Melbourne sellers
Results still positive for most Sydney and Melbourne sellers

As auction numbers fall in Melbourne and Sydney results are positive for most Sydney and Melbourne sellers, according to Domain's Andrew Wilson.

He said Melbourne will host over 650 auctions this Saturday, lower again than last weekend’s 732 listings and 550 Sydney homes are set to go under the hammer, well below last weekend’s 628 auctions.

"It's another big auction weekend for Melbourne’s west with 145 auctions listed on the weekend as the regional top performer," he said.

"Next highest is the outer east with 100 followed by the north east 95, the inner city 74, the north 72, the south east 61, the south 59 and the inner east with 41 auctions listed.

"Reservoir will be the most popular suburb this Saturday in Melbourne for auctions with 14 scheduled followed by Craigieburn and Mill Park each with 12, Richmond and Werribee each with 10 and Glenroy and Croydon that will each host 9 auctions this weekend. 

"The Sydney home auction market continues to produce solid results for sellers generally despite the usual mid-winter slow-down in activity levels.

"Nearly 550 homes are set to go under the hammer this Saturday which although well below last weekend’s 628 auctions remains significantly higher than the 422 auctioned over the same weekend last year.

"The city and east will be Sydney’s most popular region for auctions this weekend with 73 listed. 

"Next highest and just below is the inner west with 72 followed by the south 64, the upper north shore 58, the west 49, the northern beaches 38, the lower north, the south west and the north west each with 37, Canterbury Bankstown 36 and the central coast with 21 auctions scheduled this Saturday.

"Maroubra, Dee Why and Burwood are Sydney’s most popular suburbs for auctions on Saturday each with 7 listed followed by a number of suburbs with 6 auctions scheduled including Randwick, Surry Hills, Epping and Mascot."

Tags: 
Auctions Residential Market

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