Melbourne's biggest ever weekend auction volume - with an Underbelly warehouse thrown in

Melbourne's biggest ever weekend auction volume - with an Underbelly warehouse thrown in
Jonathan ChancellorOctober 22, 2014

It could well be the biggest residential auction weekend in Melbourne’s history.

RP Data figures show that 1,641 auctions are scheduled, breaking the 1,619 auction record set on the same pre-Melbourne Cup weekend last year.

RP Data’s Victorian housing market specialist Robert Larocca said Melbourne had broken the 1,500-auction barrier only five times in the past.

There was a Super Saturday weekend in April this year and the rest late last year.

Last weekend RP Data reported there were 1,151 ­auctions with a lower 68% clearance rate. Figures from RP Data include auctions from Geelong and the Mornington Peninsula.

In Sydney, RP Data expects 859 auctions, compared with 927 for the same weekend last year.

RP reported 925 auctions last weekend with a 75.5% weekend clearance rate.

Melbourne's overall stock levels rose 1.5% month on month, according to RP Data.

Sydney stock levels have fallen 1.7%.

A 1908 Richmond warehouse property used as a set for Underbelly, the television show exposing the criminal gangland side of Melbournewill be put under the hammer this weekend.

 

In season one, 135 Brighton Street was Zarah Garde-Wilson's home - the struggling lawyer who dated convicted killer Lewis Caine.

Jellis Craig has listed 135 Brighton Street (pictured above), which was a Richmond dairy factory before its townhouse makeover. It comes with hopes of $1.1 million plus.

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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