Reservoir is the busiest auction suburb this week

Reservoir is the busiest auction suburb this week
Reservoir is the busiest auction suburb this week

All five of the busiest suburbs for auctions this week are in Melbourne with Reservoir coming in first place hosting 28 auctions.

In second is Mount Waverley (21) and third Glen Waverley (19), while rounding out the top five Bentleigh East and Richmond are set to hold 17 auctions each this week.

The number of homes scheduled to go to auction this week is set to rise across the combined capital cities with CoreLogic currently tracking 2,602 auctions, up from 2,386 over the previous week.

Melbourne accounts for 51 per cent of all auctions this week with just over 1,300 homes scheduled to go under the hammer, increasing from 1,127 last week.

Sydney volumes are sitting at similar levels week-on-week with 845 auctions currently on the radar, compared to 844 last week.

Across the smaller auction markets, Adelaide will see fewer homes taken to auction week-on-week, while Brisbane, Perth and Tasmania will see auction activity increase.

Canberra will see little change in auction volumes when compared to last week. 

Reservoir is the busiest auction suburb this week

Reservoir's weekend listings include 28 Bray Street, Reservoir (pictured above).

The four bedroom two bathroom house comes with a price guide of $840,000 to $895,000.

Set on 812 sqm the home features a double car garage.

Tags: 
Reservoir Melbourne Auctions

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