Nic Bochsler-designed Toorak home headlines Melbourne weekend auction offerings

The Nic Bochsler-designed Highgate Hill, Toorak home of former BHP executive Brian Loton goes to weekend RT Edgar auction with $4 million plus price hopes.

The 1992-built three bedroom cul de sac offering sits among Melbourne's 1,155 homes listed to go under the hammer in the metro area.

Australian Property Monitors' senior economist Andrew Wilson says this is well ahead of last weekend’s 977 and higher than the 1,068 auctions conducted over the same weekend last year.

Melbourne’s four weekend average clearance rate now stands at 74.3% compared to 78.8% over the previous four-weekend period.

Melbourne’s south-east reported the highest regional clearance rate last weekend with a strong 84% result.

The next best however were well below led by the outer east with 76.5%, the north east 75.2%, the inner south 71.9%, the inner east 70.9% and the inner city with a clearance rate of 69.5%.

Melbourne’s inner city will host the most number of auctions this weekend with 187 closely followed by the inner south with 183, the inner east with 167, the west 166, the north-east 150, the outer east 148, the north 89 and the south-east  65.

The most popular suburb for auction listings this weekend in metro Melbourne is East BENTLEIGH in the inner south with 20 followed by St Kilda in the inner city with 18 and a number of suburbs with 17 auctions listed including Mount Waverley in the outer east, Reservoir in the north east, South Yarra in the inner city, Richmond also in the inner city, and Port Melbourne again in the inner city.