Kew, St Kilda the busiest weekend auction suburbs: CoreLogic
Kew and St Kilda are expected to be the two busiest suburb auctions this weekend in Melbourne, according to CoreLogic.
The property data firm says Essendon and Mount Waverley are set to host 17 auctions.
Kew and St Kilda will host 19 and 18 residential auctions respectively, followed closely by Essendon and Mount Waverley each set to host 17 auctions.
The number of auctions scheduled to take place across the combined capital cities is set to rise this week, with 2,619 currently being tracked by CoreLogic, up from 2,409 auctions last week, and higher than the 1,920 auctions held over the same week last year.
Auction activity across Melbourne and Sydney, the two major auction markets, is expected to increase, with 1,222 Melbourne homes to go to auction, rising from last week’s 1,098, and 1,003 auctions scheduled across Sydney, up from last week’s 960.
Across the smaller markets, volumes will also increase across the remaining capital cities, with the exception of Canberra where volumes are expected remain relatively steady.
A five bedroom house at 75 Studley Park Road, Kew (above) has been listed for auction this weekend.
It last sold for $2.398 million in 2008.
Similarly a three bedroom townhouse at 3/89 Earl Street, Kew (below) has been listed for auction with a price guide of between $800,000 to $880,000.
It last sold for $610,000 in 2007.
