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Auction company auctioneer Paul Tzamalis knocked down a sale a few days after Melbourne’s previous busiest auction day. Image: Tim Carrafa.
Melbourne has travelled to its busiest auction week so far this year, with its “crazy” property plans for 1477 to test the market before Sunday ends.
The PropTrack report shows that this is the highest number since the last week of spring 2024, and this weekend is likely a buyer’s fraud – most people now have enhanced borrowing power after cutting their interest rates earlier this month.
Proptrack economist Anne Flaherty said the number of auctions has risen considerably compared to a year ago, and Melbourne’s strong clearance rate is likely to convince sellers to try the auction.
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Since the federal election, about 66-67% of homes are planned to be sold through auction terms.
Ms Flaherty said sales plans rebound to over 1,000 next week, although the figures will drop next week, which ends with the King’s birthday public holiday.
Victoria’s largest real estate company booked more than 300 auctions this week, and Ray White’s chief auctioneer Jeremy Tyrrell noted that it was their biggest week so far in 2025, the busiest winter he has ever recalled.
1-3 Kew’s Sackville St, if sold for $10.5 million to $11.5 million, could set the highest auction result for the week as the highest auction result for the week.
On the other end of the price scale, Frankston 47 Dell Rd is expected to be highly competitive from local and interstate bidders.
“It’s been more than the week before Easter,” Tyrell said.
“Generally, this is where it starts to get stuck. However, due to the untimely weather, it lasts longer.
“So, now may be the best opportunity for buyers.”
I arranged seven auctions this weekend, with more than 20 auctions throughout the week, and the auctioneer said this situation is more like what is usually seen in the spring.
Despite the long weekend of the King’s birthday, Melbourne auctions will be reduced, Mr Tyrell said he was still booked for six auctions on June 7 and effectively booked for June, meaning it was very busy on the way.
One of the main drivers of the activity is the increase in interstate investor activity, with four being Frankston’s 47 Dell Rd, the property scheduled to be under the hammer at 9.30 a.m.
1-3 Kew Sackville ST has a spacious neighborhood on one of one of the streets in the area.
Dell Rd 47 Dell Rd in Frankston once kept the living space where natural light was in mind.
With the intense interest of interstate investors, a $730,000-800,000 property was booked for hybrid auctions that bid on site and online via video feeds.
It is also planned to go to auction for $10.5 million – $11.5 million of JD properties, which is seen as the pinnacle of the suburbs.
1-3 Sackville ST property features four bedrooms, double floors, Italian panels within.
Nelson Alexander’s Laurence Murphy handles the sale at 1.30 pm.
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