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Melbourne loses crown as nations auction capital to Sydney as real estate market fires up [Video]

5 Avon Place, Epping is going under the hammer on Saturday at 1:15pm.

Melbourne will be surpassed by Sydney as the nation’s auction capital this weekend.

PropTrack research reveals there are 536 homes going under the hammer in Victoria — 30 per cent less than this time last year — compared to 663 in New South Wales.

And the Victoria will play second fiddle for the next three weeks.

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REA Group senior economist Anne Flaherty said the only times New South Wales had more scheduled auctions than Victoria was when there were public holidays in Victoria.

“The fact that over the next three weeks in a row, New South Wales is forecast to have more auctions is definitely unusual,” Ms Flaherty.

“Because market conditions are so different in Victoria compared to a lot of the other states at the moment, …

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