Brighton tied as busiest election weekend auction hotspot

Brighton tied as busiest election weekend auction hotspot
Brighton tied as busiest election weekend auction hotspot

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

Tied with Brighton are Bentleigh East and Malvern East, also in Melbourne, with an equal number of auctions scheduled, 8 each.

Overall numbers are down given the clash with the Federal election.

This week, the number of auctions scheduled to take place across the combined capital cities is expected to fall, with 868 currently being tracked by CoreLogic, down from the 1,218 auctions held last week at final results.

Over the same week, last year a much higher 2,100 auctions took place across the capital cities.

Both Melbourne and Sydney are expected to see a decrease in activity this week, with 398 homes scheduled for auction across Melbourne, while Sydney is set to host 259 auctions, decreasing on the 546 and 445 auctions held last week respectively.

The smaller auction markets will also see a lower volume of homes auctioned week on week with the exception of Perth where more auctions are scheduled and Tasmania where there is no change.

Brighton tied as busiest election weekend auction hotspot

The busy auction weekend in Brighton sees 34 Rusden Street (pictured in title) offered.

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

It comes with an indicative price guide of $1,650,000 - $1,750,000.

Brighton tied as busiest election weekend auction hotspot

Another example of the breadth of auctions taking place in Brighton is 1/31 New Street (pictured above).

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

It comes with an indicative price guide of $900,000 - $990,000.

Brighton tied as busiest election weekend auction hotspot

A third property going to auction in Brighton this week is 145 Male Street (pictured above).

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

It comes with an indicative price guide of $2,475,000 - $2,700,000.

Tags: 
Brighton Auction Market

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