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Where auction activity is busy this weekend

Where auction activity is busy this weekend

by Emma Ryan | November 14, 2019 | 1 minute read

Upcoming auction activity is forecast to increase across the combined capital cities this weekend. What will be the busiest suburbs?

Auction
November 14, 2019

According to CoreLogic’s Auction Market Preview, it is predicted there will be 2,439 auctions recorded for the week ending 17 November 2019. This is up slightly from last week, where 2,412 capital city homes went under the hammer. 

“There are 1,169 Melbourne homes scheduled for auction this week, with volumes set to rise by 13.3 per cent on last week’s figures (1,032). One year ago, a higher 1,401 auctions took place across the city,” CoreLogic said.

“In Sydney, there are -6.0 per cent fewer homes scheduled for auction this week compared to last, with 891 scheduled auctions this week, down from the 948 auctions held last week, however higher than the 875 held one year ago.

“Across the smaller auction markets, auction volumes are set to rise in Adelaide (23.9 per cent), while volumes are down in Brisbane (-21.5 per cent), Canberra (-32.4 per cent) and PerthPerth, TAS Perth, WA (-25.5 per cent). Tasmania has five scheduled auctions this week.”

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Busiest suburbs

1. Mount Waverly, Victoria: 21 auctions

2. Mosman, NSW; and Bentleigh East, Victoria: 17 auctions each

3. Balwyn North, Victoria; Glen Waverley, Victoria; and Reservoir, Victoria: 14 each

About the author

Emma Ryan

Emma Ryan

Emma Ryan is the deputy head of editorial at Momentum Media and editor of Smart Property Investment.

Emma has worked for Momentum Media since 2015, and has since been responsible for breaking some of the biggest stories in corporate Australia, including across the legal, mortgages, real estate and wealth industries. In addition, Emma has launched several additional sub-brands and events, driven by a passion to deliver quality and timely content to audiences through multiple platforms.

Email Emma on: [email protected]com.au

Where auction activity is busy this weekend
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