Auction preview: Number of properties heading under the hammer rises again

Updated 3 years ago

•

Published 7 December 2022

The number of homes scheduled to go under the hammer has risen for the fifth week in a row, but the figure is still well down on last year's record-breaking auction action.

There are 2,719 homes currently scheduled for auction across the combined capital cities this week - up from 2537 the week prior and the busiest week since late May, according to CoreLogic.

The same week last year saw a record number of homes going under the hammer, with 4981 auctions scheduled as vendors sought to get in on the action after months of lockdowns and restrictions in major markets.

In Melbourne there are 1,207 homes currently scheduled for auction, up from 1158 last week.

Sydney has 988 homes scheduled to go under the hammer, up from 891 last week.

Melbourne's final clearance rate improved last week, rising from 56.1 per cent to 58.6 per cent.

Sydney's clearance rate rose to 59 per cent, up from 58.6 per cent the week prior.

Under the hammer in Melbourne this weekend 

26a Peers Street, Richmond

Price guide: $1.2 million to $1.25 million

26A Peers Street, Richmond. Picture supplied.

Set in a pair, this three-level townhouse in Richmond is tucked away just minutes from all of the action.

Adding to the appeal is a lock-up garage, water tank and north-facing terrace.

59 Simpson Street, East Melbourne

Price guide: $2 million to $2.2 million

59 Simpson Street, East Melbourne. Picture supplied.

Built around 1873, this gorgeous East Melbourne terrace is being offered for the first time in 45 years.

Features include 3.7 metre ceilings and Baltic pine floorboards.

21 Clarke Street, Elwood

Price guide: $1.55 million to $1.65 million

21 Clarke Street, Elwood. Picture supplied.

Located opposite Clarke Reserve, this charming Elwood art deco home offers plenty of character.

There's a modern central bathroom and a kitchen equipped with butler's pantry.

Under the hammer in Sydney this weekend 

10 Shoalhaven Road, Sylvania Waters

Price guide: $1.8 million

10 Shoalhaven Road, Sylvania Waters. Picture supplied.

Featuring a practical floorplan and large entertaining area, this updated Sylvania Waters home has room for the whole family.

The swimming pool, complete with outdoor shower, should prove a hit this summer too.

66 Grace Avenue, Frenchs Forest

Price guide: $1.6 million

66 Grace Avenue, Frenchs Forest. Picture supplied.

Here's one for the budding renovators out there.

Sitting on a 993 square metre block, the single level cottage could be updated or alternatively removed to make way for a new design.

33 Hadrian Avenue, Blacktown

Price guide: $780,000

33 Hadrian Avenue, Blacktown. Picture supplied.

This three-bedroom Blacktown property packs plenty of value and presents well.

Features include built in robes to the bedrooms and an open plan living and dining area.

Mail

Sign up to get the latest property news in your inbox

Share

Top Stories