Reservoir set to be busiest weekend auction hotspot

Reservoir set to be busiest weekend auction hotspot
Reservoir set to be busiest weekend auction hotspot

The Melbourne suburb of Reservoir is host to the highest volume of auctions this weekend, with 16 homes set to go under the hammer, according to CoreLogic.

Next busiest are Coburg and Epping, also in Melbourne, with 12 scheduled auctions each.

This week, the number of auctions scheduled to take place across the combined capital cities is expected to rise, with 1,384 currently being tracked by CoreLogic, increasing from the 1,026 auctions held last week at final results.

Over the same week, last year a much higher 2,311 auctions took place across the capital cities.

Both Melbourne and Sydney are expected to see an increase in activity this week, with 632 homes scheduled for auction across Melbourne, while Sydney is set to host 503 auctions, increasing on the 498 and 332 auctions held last week respectively.

The smaller auction markets will also see a higher volume of homes auctioned week on week with the exception of Brisbane where fewer auctions are scheduled.

Reservoir set to be busiest weekend auction hotspot

The busy auction weekend in Reservoir sees 22 Knox Street (pictured in title) offered.

The property going under the hammer is a three bedroom one bathroom house.

It comes with a price guide of $780,000 - $850,000.

Reservoir set to be busiest weekend auction hotspot

Another example of the breadth of auctions taking place in Reservoir is 3/8 Duffy Street (pictured above).

The property going under the hammer is a two bedroom one bathroom villa.

It comes with a price guide of $510,000 - $550,000.

Reservoir set to be busiest weekend auction hotspot

A third property going to auction in Reservoir this week is 85 Barry Street (pictured above).

The property going under the hammer is a three bedroom one bathroom house.

It comes with a price guide of $550,000 - $600,000.

Tags: 
Auction Market Reservoir

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