Craigieburn and Reservoir tie for the weekend's busiest auction suburb: CoreLogic

Craigieburn and Reservoir tie for the weekend's busiest auction suburb: CoreLogic
Craigieburn and Reservoir tie for the weekend's busiest auction suburb: CoreLogic

Victorian suburbs are set to be the busiest once again this weekend, according to CoreLogic.

The property data firm says the Craigieburn and Reservoir will be the most busiest.

Victoria has all the busiest suburbs for auctions this week, with 19 homes scheduled to go to auction in Craigieburn and Reservoir, while Pakenham will host 15 auctions and Bentleigh East with 14.

The number of auctions scheduled across the combined capital cities this week is expected to see a slight fall, with 1,878 properties scheduled to go under the hammer, after last week saw volumes reach their highest levels since June (2,040).

Across the two largest auction markets, Melbourne and Sydney, volumes are expected to decrease, with 907 homes scheduled to go to auction across Melbourne and Sydney set to host 666 auctions, down from last week’s 955 and 798 auctions respectively.

Across the smaller markets, activity is to be varied this week, with Brisbane, Canberra and Tasmania set to see an increase in activity week-on-week, while Adelaide and Perth the number of auctions scheduled this week are slightly lower.

When compared to last year, volumes continue to track higher each week than what was seen over the corresponding July- August period last year (1,795).

A four bedroom house at 5 Brookedge Court, Craigieburn (above) will be auctioned this weekend for between $550,000 to $600,000.

A two bedroom house at 6/35 Cheddar Road, Reservoir (below) will be auctioned for between $450,000 to $470,000.

Craigieburn and Reservoir tie for the weekend's busiest auction suburb: CoreLogic

Last week Reservoir was also the busiest suburb for auctions, with 17 homes scheduled to go under the hammer.

Sales included a five bedroom house at 39 Gertz Avenue, Reservoir (below) that was auctioned and sold for $861,000.

Craigieburn and Reservoir tie for the weekend's busiest auction suburb: CoreLogic

A one bedroom unit at 1/72 Pine Street, Reservoir (below) was also auctioned and sold for $325,000.

Craigieburn and Reservoir tie for the weekend's busiest auction suburb: CoreLogic

Tags: 
Victoria Corelogic

Comments

Be the first one to comment on this article
What would you like to say about this project?