Australia’s capital cities could be preparing for their busiest auction week since Easter, with the total number of auctions closing in on 3,000.
New figures from CoreLogic RP Data show there are 2,842 auctions scheduled across the country this week, up from the 2,593 scheduled last week.
The increased volume could mean another week of low clearance rates however, after last week’s final capital city weighted average came in at 69.9%.
Melbourne has narrowly pipped Sydney as the country’s busiest city this week, with the Victorian capital set to hold 1,206 auctions, up from the 1,127 last week.
Sydney has also seen a similar rise in its volumes over the week, with the harbour city set to hold 1,198 auctions this week compared to 1,041 last week.
Melbourne’s Reservoir will be the busiest suburb with 23 residential auctions scheduled, followed by Mosman (Syd) with 19, Preston (Mel) with 17 and Glen Waverley
(Mel) with 16.
has also seen a rise in volumes. The South Australian capital last week recorded a clearance rate of 71.4%, good for the second highest national result. Auction numbers in the city will rise from 99 to 130 this week.
Brisbane is also set for a busier weekend, with 202 homes in the Queensland capital set to go under the hammer compared to 143 last week.
Canberra (58 this week compared to 118 last week) and Perth
(25 this week compared to 31 last week) are the only two cities where the number of auctions is down week on week; however, both cities' current auction activity is higher than it was one year ago.
With interest rates at their lowest for more than 50 years, there are some great rates available. The best thing to do is to compare rates from all the lenders. Let us help take the leg work out of doing this - Compare Home Loans now
Top Suburbs :
tweed heads south
Get help financing your investment
Do you need help finding the right loan for your investment?
When investing in property, it is important to make sure that you not only have the lowest available rate that you can get, but also have the correct loan features for your needs.
Just fill in a few details below and we'll then arrange for a local expert Aussie Mortgage Broker to contact you and work out what features or types of loans are right for your needs. We'll even help with the paperwork. Plus, our mortgage broking service is at no cost to you.
We value your privacy and treat all your information seriously - you can check out