Super Saturday brings first Melbourne auction market test of 2019

Date: 22 Feb 19

The Melbourne market is facing its first test of 2019, with a 1000-plus auction Super Saturday booked. A painstakingly renovated Brunswick abode is among the pads going under the hammer.

Experts have branded this week’s 1000-plus auction Super Saturday a test that will set the tone for the Melbourne market for months to come.

It’s the first significant auction weekend since a “terrible spring” last year and the final report from the financial services royal commission was handed down.

Bentleigh East will be the city’s auction hotspot with 19 of the 1049 planned auctions.

So far the city has rebounded under the hammer, with clearance rates above 50 per cent for the past two weeks — despite predictions they would remain in the low 40 per cent range seen late last year.

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