Lane Cove the busiest auction suburb as public holiday hits volume levels

Given Melbourne's Moomba long weekend, all of the busiest suburbs for weekend auctions are in NSW with Lane Cove topping the list with 12 homes set to go under the hammer.

It is followed closely by Neutral Bay and Randwick, each with 11 auctions.

There are a total of 1,130 homes scheduled for auction across the combined capital cities, down almost 50% on last week’s final results which saw a total of 2,201 auctions held. 

The lower activity this week is a likely result of half of the auction markets welcoming a long weekend, with Melbourne, Canberra, Adelaide and Tasmania all host to a public holiday this coming Monday.

Notably the biggest decrease in activity is expected to be across Melbourne, with only 199 homes scheduled for auction this week, down by 80.8% on last week when 1,039 auctions were held.

The number of auctions scheduled across Sydney will also see a fall to a lesser degree, with 669 scheduled auctions this week, decreasing from the 801 auctions held last week.

Perth is expected to be the only capital city auction market to see a rise in volumes week-on-week.

One example of the busy auction week in Lane Cove is 503/17 Finlayson Street (pictured top).

The one bedroom one bathroom apartment comes with a price guide of $700,000 to $770,000.

Lloyd Allen and Justine Collins of Allen Estate Agents hold the listing.

Another example of the volume of auctions in Lane Cove this week is 5/19 Murray Street (pictured above).

The two bedroom one bathroom apartment comes with a price guide of $680,000.

Set on 92 square metres, the unit is positioned on the top floor

A third showcase of the properties going to auction is 5 Cogan Place, Lane Cove (pictured above).

The four bedroom bathroom house comes with no price guide.

It is described as a state-of-the-art family luxury by James Bennett and Baxter van Heyst of Belle Property who hold the listing.