Werribee ranks as weekend's busiest auction locality

Werribee in Victoria will be the busiest suburb for auctions across the nation this weekend, with 18 properties scheduled to go to auction, followed closely by Reservoir (14), Frankston (13) and Elwood (12), all of the busiest suburbs this week are in Victoria.

Auction volumes are set to remain steady for another week, with 1,787 properties scheduled to go to auction this week across the combined capital cities, according to CoreLogic.

Over the last three weeks, auction activity has remained relatively sedate, with this week expected to increase by only two per cent when compared to last week’s final results (1,748).

Looking at the two major auction markets of Melbourne and Sydney, volumes are set to increase over the week, with 862 homes scheduled to go under the hammer in Melbourne, and 647 auctions scheduled across Sydney, increasing on last week’s 833 and 625 auctions held respectively.

Across the smaller auction markets, Adelaide and Brisbane will see an increase in auction activity over the week, while Canberra, Perth and Tasmania will see a lower volume of auctions scheduled this week compared to last week.

The total number of homes scheduled to go to auction this week is higher than what was seen over the same week last year (1,610).

A three bedroom house at 28 Purchas Street, Werribee (above) will go under the hammer this weekend with price guidance between $395,000 to $430,000.

A four bedroom house at 2 Eldan Drive, Werribee (below) will go under the hammer with $440,000 hopes.