Melbourne suburbs dominate as Reservoir tops weekend auction action

Melbourne suburbs dominate as Reservoir tops weekend auction action
Melbourne suburbs dominate as Reservoir tops weekend auction action

All of the busiest suburbs for auctions this week are in Victoria.

Reservoir tops the list with 22 homes set to go under the hammer, followed by Camberwell with 18 scheduled auctions, while Brighton and Kew will host 16 auctions each.

The priciest listing in Reservoir is an Ayr Street home (top) which has a price guidance of $900,000 to $990,000. It hasn't traded for over four decades.

The two level home with five bedrooms last sold in 1976 when it fetched $14,500.

Ray White's Ian Dempsey and John Catanzariti marketed the home as having one of the best views in Reservoir.

Click here to enlarge.

Melbourne suburbs dominate as Reservoir tops weekend auction action

The combined capital cities are expected to see a lower volume of auctions this week with CoreLogic currently tracking 2,055 auctions, down from 2,311 last week.

Melbourne is the busiest city for auctions this week, with 1,012 auctions being tracked so far, down from 1,144 last week. Sydney has 696 auctions scheduled this week, down from 797 last week.

Brisbane and Tasmania are expecting to see an increase in auction volumes this week, with Brisbane tracking 146 auctions, up from 127 last week, while Tasmania currently has 9 auctions scheduled, up from 5 last week.

Joel Robinson

Joel Robinson

Joel Robinson is a property journalist based in Sydney. Joel has been writing about the residential real estate market for the last five years, specializing in market trends and the economics and finance behind buying and selling real estate.

Tags: 
Auctions Reservoir

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