SA prepares for the bumper auction weekend

SA is preparing for a bumper auction for the weekend, with more than 130 properties going to be under the hammer over the next few days.

According to PropTrack data, 133 properties will hit auction areas this weekend.

This is a big improvement in the 109 auctions held last weekend, with 146 properties planned for the event rising again next weekend.

Of the 133 people to be auctioned this weekend, 127 are from the Adelaide Metropolitan, while the other six are from Anecitial SA.

More news:

The Scottish University’s affiliated property provides up to $11 million in potential income

How Multiple Renos Changes the Outdated Home

How to cut down CBD parking costs

Suburbs become the next Unley Park

Latest tax cuts make it cheaper to own places than SA rent

Highbury is our top auction suburb, where four auctions were booked throughout the weekend, with three in each lake before Campbelltown, Ingle Farm, Magill and Mawson Lakes.

This weekend, the most auctioned property in SA is 1/78 Lipson St, Port Adelaide, a New York-style two-bedroom loft apartment located in a remodeled warehouse.

This is the seventh most watched property in the country auctioned this weekend.

Steve Moffat, sales agent for Kate Smith’s property, sold the home with Kate Smith, who said the property attracted interest from afar.

“We have as many as 70 groups, and many ask buyers and investors who are coming from first-time residences,” he said.

“The person’s character is a bit attractive to people. It’s in the old Durham factory, so it has something different that attracts people.

“With all our interests, I hope we get six registrations and we will be quite confident to sell at the auction.”

Mr. Moffat said – Kate Smith’s 58 Prince St, Alberton’s most-visited auction property on the list last week – the Port area is currently a popular property.

“I was born and bred in Port Adelaide and finally started to see the light,” he said.

More news

SA’s 15 Surprise Buyer Market Reveals

Where SA sellers make banks…and where they get hit

SA Agents nationwide

Acknowledged celebrity performers in the historical industry first

“I think the stigma that once relate to the name – with all the developments that are happening right now – has finally disappeared, people have seen the change and seen the lifestyle of the wonderful transportation facilities, and the intimacy with some great restaurants and hotels that offer.

“So all of these things are very helpful, I think people can walk along the front door and really feel like they are in another world where old buildings are still intact and the legacy is still there and then you have only five to 10 minutes of the beach.”

Sign up now for our free real estate newsletter