Richmond set to be the busiest weekend auction hotspot

Richmond set to be the busiest weekend auction hotspot
Richmond set to be the busiest weekend auction hotspot

The Melbourne suburb of Richmond is host to the highest volume of auctions this weekend, with 14 homes set to go under the hammer, according to CoreLogic.

Next busiest are Bentleigh and Doncaster, also in Melbourne, with 13 and 12 auctions scheduled each.

This week, the number of auctions scheduled to take place across the combined capital cities is expected to fall, with 1,556 currently being tracked by CoreLogic, down from the 2,055 auctions held last week at final results.

Over the same week, last year a significantly higher 2,281 auctions took place across the capital cities.

Both Melbourne and Sydney are expected to see a decrease in activity this week, with 684 homes scheduled for auction across Melbourne, while Sydney is set to host 639 auctions, decreasing on the 968 and 707 auctions held last week respectively.

The smaller auction markets will also see a lower volume of homes auctioned week on week with the largest decrease is in Adelaide where volumes are down 52%.

Richmond set to be the busiest weekend auction hotspot

The busy auction weekend in Richmond sees 15 The Crofts (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 $1,680,000 - $1,820,000

Richmond set to be the busiest weekend auction hotspot

Another example of the breadth of auctions taking place in Richmond is 6/9 Goodwood Street (pictured above).

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

It comes with an indicative price guide of $360,000 - $390,000.

Richmond set to be the busiest weekend auction hotspot

A third property going to auction in Richmond this week is 4 Park Avenue (pictured above).

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

It comes with an indicative price guide of $$2,100,000-$2,300,000.

Tags: 
Auctions Richmond

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