Why midweek auctions?

[wally]

I have noticed in the paper a lot more auctions seem to get passed in during the week than on the weekends...
Why would a vendor organise for midweek auctions?
It would be difficult for me to get to a midweek auction with work.

 

[Twitch]

I think it's a NSW thing. In Victoria 90% would be on Saturdays and 10% Sundays.

 

[lizzie]

i noticed that too in nsw ... agents will hold a mid week, night time auction at the local conference centre or their office and run a dozen properties thru in the one night.

i don't get that. how many people will get emotional about something mid week, in the dark, not on location with only a bunch of photos to evoke desire to own.

give me a sunny day onsite any time.

 

[sash]

Thanks Wally,

Never looked at it from that perspective...might need to attend some midweek auctions!

Cheers
Sash

I have noticed in the paper a lot more auctions seem to get passed in during the week than on the weekends...
Why would a vendor organise for midweek auctions?
It would be difficult for me to get to a midweek auction with work.

 

[buzzlightyear]

Most commercial property auctions are mid week.

There was a resi auction last December (in Windsor Melbourne), it was on the 19th at 7pm, which was a Wednesday. It was a great evening (weather wise) and they got a fantastic price.

 

[DadOfSam]

Sydney is the midweek auction capital. Here's this week's listings:

Mon 22-Sep-08 6:30pm.....12 BROWN ST CHESTER HILL.....
Mon 22-Sep-08 6:30pm.....23 PENTONVILLE PARADE CASTLE HILL.....
Mon 22-Sep-08 6:30pm.....3 COBBADAH AVENUE PENNANT HILLS.....
Mon 22-Sep-08 6:30pm.....67 HECTOR ST CHESTER HILL.....
Tue 23-Sep-08 6:30pm.....1/98 LAUDERDALE AVENUE FAIRLIGHT.....
Tue 23-Sep-08 6:30pm.....111 CARRINGTON ROAD QUEENS PARK.....
Tue 23-Sep-08 6:30pm.....114 HOPETOUN AVENUE VAUCLUSE.....
Tue 23-Sep-08 6:30pm.....12/8 BELLEVUE ROAD BELLEVUE HILL.....
Tue 23-Sep-08 6:30pm.....13 NORTH AVALON ROAD AVALON.....
Tue 23-Sep-08 6:30pm.....14/32-36 RAINBOW STREET KINGSFORD.....
Tue 23-Sep-08 6:30pm.....18 & 23/26-34 MCELHONE STREET WOOLLOOMOOLOO.....
Tue 23-Sep-08 6:30pm.....18 VICTORIA STREET MCMAHONS POINT.....
Tue 23-Sep-08 6:30pm.....20/191-195 WALKER NORTH SYDNEY.....
Tue 23-Sep-08 6:30pm.....25 CATALINA CRESCENT AVALON.....
Tue 23-Sep-08 6:30pm.....25 RALSTON ROAD PALM BEACH.....
Tue 23-Sep-08 6:30pm.....3/2 MARNE STREET VAUCLUSE.....
Tue 23-Sep-08 6:30pm.....3/35 OCEAN AVENUE DOUBLE BAY.....
Tue 23-Sep-08 6:30pm.....3/62 DRUMALBYN ROAD BELLEVUE HILL.....
Tue 23-Sep-08 6:30pm.....30A MARINE PARADE AVALON.....
Tue 23-Sep-08 6:30pm.....34/16 OCEAN STREET BONDI.....
Tue 23-Sep-08 6:30pm.....4B GILBERT STREET DOVER HEIGHTS.....
Tue 23-Sep-08 6:30pm.....5 SISTERS LANE WOOLLAHRA.....
Tue 23-Sep-08 6:30pm.....5/125 BELLEVUE ROAD BELLEVUE HILL.....
Tue 23-Sep-08 6:30pm.....5/172-180 CLOVELLY ROAD CLOVELLY.....
Tue 23-Sep-08 6:30pm.....50 RAWSON AVENUE QUEENS PARK.....
Tue 23-Sep-08 6:30pm.....52/11 SUTHERLAND CRESENT DARLING POINT.....
Tue 23-Sep-08 6:30pm.....5B/6 HAMPDEN STREET PADDINGTON.....
Tue 23-Sep-08 6:30pm.....67 BINBURRA AVENUE AVALON.....
Tue 23-Sep-08 6:30pm.....7/3 ALEXANDER STREET COOGEE.....
Tue 23-Sep-08 6:30pm.....8 WEST STREET AUBURN.....
Tue 23-Sep-08 6:30pm.....8/212 VICTORIA ROAD BELLEVUE HILL.....
Tue 23-Sep-08 6:30pm.....81 CASCADE STREET PADDINGTON.....
Tue 23-Sep-08 6:30pm.....9 CALADENIA CLOSE ELANORA HEIGHTS.....
Tue 23-Sep-08 6:30pm.....9 ILYA AVENUE BAYVIEW.....
Tue 23-Sep-08 6:30pm.....90 MACPHERSON STREET BRONTE.....
Tue 23-Sep-08 6:30pm.....92 NOTTINGHILL ROAD BERALA.....
Tue 23-Sep-08 6:30pm.....TERREY HILLS.....
Tue 23-Sep-08 6pm.....10/1-3 KIMBERLEY STREET VAUCLUSE.....
Tue 23-Sep-08 6pm.....12A TRELAWNEY STREET WOOLLAHRA.....
Tue 23-Sep-08 6pm.....17 LAWSON STREET PADDINGTON.....
Tue 23-Sep-08 6pm.....39 CURLEWIS STREET BONDI BEACH.....
Tue 23-Sep-08 6pm.....4/154 BELLEVUE ROAD BELLEVUE HILL.....
Tue 23-Sep-08 6pm.....4/83 BIRRIGA ROAD BELLEVUE HILL.....
Tue 23-Sep-08 6pm.....5/151 MILITARY ROAD DOVER HEIGHTS.....
Tue 23-Sep-08 6pm.....52 BALFOUR ROAD BELLEVUE HILL.....
Tue 23-Sep-08 6pm.....76 KAMBALA ROAD BELLEVUE HILL.....
Tue 23-Sep-08 6pm.....LEVEL 4 23/809 NEW SOUTH HEAD RD ROSE BAY.....
Tue 23-Sep-08 6pm.....NORTH BONDI.....
Tue 23-Sep-08 7pm.....16/30-32 GOULBURN STREET LIVERPOOL.....
Tue 23-Sep-08 7pm.....2 WARRIMOO AVENUE ST IVES.....
Tue 23-Sep-08 7pm.....23 APPS AVENUE TURRAMURRA.....
Tue 23-Sep-08 7pm.....23 DUDLEY AVENUE ROSEVILLE.....
Tue 23-Sep-08 7pm.....3 KALANG AVENUE KILLARA.....
Tue 23-Sep-08 7pm.....30 DEAKIN PLACE WEST PENNANT HILLS.....
Tue 23-Sep-08 7pm.....40 PARK AVENUE CHATSWOOD.....
Tue 23-Sep-08 7pm.....48 GOLFERS PARADE PYMBLE.....
Tue 23-Sep-08 7pm.....48 THE COMENARRA PARKWAY TURRAMURRA.....
Tue 23-Sep-08 7pm.....48 YARRARA ROAD PYMBLE.....
Tue 23-Sep-08 7pm.....97 MIDDLE HARBOUR ROAD LINDFIELD.....
Wed 24-Sep-08 6:30pm.....1/20 NEW ORLEANS CRESCENT MAROUBRA.....
Wed 24-Sep-08 6:30pm.....1/35 EDWARD STREET BONDI BEACH.....
Wed 24-Sep-08 6:30pm.....102 BUNGARRIBEE ROAD BLACKTOWN.....
Wed 24-Sep-08 6:30pm.....12 CALBINA ROAD NORTHBRIDGE.....
Wed 24-Sep-08 6:30pm.....12/97 CURLEWIS STREET BONDI BEACH.....
Wed 24-Sep-08 6:30pm.....141 HARGRAVE STREET PADDINGTON.....
Wed 24-Sep-08 6:30pm.....147 CAVENDISH STREET STANMORE.....
Wed 24-Sep-08 6:30pm.....182 HASTINGS PARADE BONDI BEACH.....
Wed 24-Sep-08 6:30pm.....19/17A COOPER PARK ROAD BELLEVUE HILL.....
Wed 24-Sep-08 6:30pm.....2/76 ALBION STREET RANDWICK.....
Wed 24-Sep-08 6:30pm.....20 WARREN ROAD BELLEVUE HILL.....
Wed 24-Sep-08 6:30pm.....201 & 202/5 MANNING STREET POTTS POINT.....
Wed 24-Sep-08 6:30pm.....201/5 MANNING STREET POTTS POINT.....
Wed 24-Sep-08 6:30pm.....202/5 MANNING STREET POTTS POINT.....
Wed 24-Sep-08 6:30pm.....3 WILLIAM STREET TEMPE.....
Wed 24-Sep-08 6:30pm.....3/25 MONA ROAD DARLING POINT.....
Wed 24-Sep-08 6:30pm.....31/57-61 BELMORE ROAD RANDWICK.....
Wed 24-Sep-08 6:30pm.....36 RUTLAND AVENUE CASTLECRAG.....
Wed 24-Sep-08 6:30pm.....3D/4 BUCKHURST AVENUE POINT PIPER.....
Wed 24-Sep-08 6:30pm.....412 UNWINS BRIDGE ROAD TEMPE.....
Wed 24-Sep-08 6:30pm.....41A LIVERPOOL STREET ROSE BAY.....
Wed 24-Sep-08 6:30pm.....42 MARGARET STREET NEWTOWN.....
Wed 24-Sep-08 6:30pm.....42/1094 ANZAC PARADE MAROUBRA.....
Wed 24-Sep-08 6:30pm.....43 UNDERWOOD STREET PADDINGTON.....
Wed 24-Sep-08 6:30pm.....48 LUCAS ROAD SEVEN HILLS.....
Wed 24-Sep-08 6:30pm.....493 BRONTE ROAD BRONTE.....
Wed 24-Sep-08 6:30pm.....5/15 GLADSWOOD GARDENS DOUBLE BAY.....
Wed 24-Sep-08 6:30pm.....5/96 ONSLOW STREET ROSE BAY.....
Wed 24-Sep-08 6:30pm.....50 ILLAWARRA ROAD MARRICKVILLE.....
Wed 24-Sep-08 6:30pm.....6 FISHERS RESERVE PETERSHAM.....
Wed 24-Sep-08 6:30pm.....6 HIGH STREET WAVERLEY.....
Wed 24-Sep-08 6:30pm.....7 SHELDON PLACE BELLEVUE HILL.....
Wed 24-Sep-08 6:30pm.....7/238 CAMPBELL PARADE BONDI BEACH.....
Wed 24-Sep-08 6:30pm.....72 ONSLOW STREET ROSE BAY.....
Wed 24-Sep-08 6:30pm.....72 ROCHFORD STREET ERSKINEVILLE.....
Wed 24-Sep-08 6:30pm.....8 COMBLES PARADE MATRAVILLE.....
Wed 24-Sep-08 6:30pm.....8/2C FOLKESTONE PARADE BOTANY.....
Wed 24-Sep-08 6:30pm.....9/2 DOLPHIN STREET RANDWICK.....
Wed 24-Sep-08 6:30pm.....BOSSLEY PARK.....
Wed 24-Sep-08 6:30pm.....BUSBY.....
Wed 24-Sep-08 6:30pm.....GREEN VALLEY.....
Wed 24-Sep-08 6:30pm.....GREEN VALLEY.....
Wed 24-Sep-08 6:30pm.....GREEN VALLEY.....
Wed 24-Sep-08 6:30pm.....HINCHINBROOK.....
Wed 24-Sep-08 6:30pm.....HORNINGSEA PARK.....
Wed 24-Sep-08 6:30pm.....HOXTON PARK.....
Wed 24-Sep-08 6:30pm.....PRESTONS.....
Wed 24-Sep-08 6:30pm.....WEST HOXTON.....
Wed 24-Sep-08 6:30pm.....WEST HOXTON.....
Wed 24-Sep-08 6pm.....1/6 MANION AVENUE ROSE BAY.....
Wed 24-Sep-08 6pm.....10/20 ST NEOT AVENUE POTTS POINT.....
Wed 24-Sep-08 6pm.....11 PRINCE STREET RANDWICK.....
Wed 24-Sep-08 7pm.....1 ROLFE STREET ROSEBERY.....
Wed 24-Sep-08 7pm.....301/196-204 MAROUBRA ROAD MAROUBRA.....
Wed 24-Sep-08 7pm.....50 PRINCE EDWARD STREET MALABAR.....
Thu 25-Sep-08 10:30am.....174 WHALE BEACH ROAD WHALE BEACH.....
Thu 25-Sep-08 10:30am.....254 LOWER PLATEAU ROAD BILGOLA.....
Thu 25-Sep-08 6:30pm.....1 BOTANIC ROAD MOSMAN.....
Thu 25-Sep-08 6:30pm.....1/50 SPEED STREET LIVERPOOL.....
Thu 25-Sep-08 6:30pm.....10 KOOWONG AVENUE MOSMAN.....
Thu 25-Sep-08 6:30pm.....11 PENKIVIL STREET WILLOUGHBY.....
Thu 25-Sep-08 6:30pm.....11F KNOWLMAN AVENUE PYMBLE.....
Thu 25-Sep-08 6:30pm.....12 CAWARRAH ROAD MIDDLE COVE.....
Thu 25-Sep-08 6:30pm.....12/10 BEN BOYD ROAD NEUTRAL BAY.....
Thu 25-Sep-08 6:30pm.....13 ORMOND STREET PADDINGTON.....
Thu 25-Sep-08 6:30pm.....15A GREENKNOWE AVENUE ELIZABETH BAY.....
Thu 25-Sep-08 6:30pm.....185 RAGLAN STREET MOSMAN.....
Thu 25-Sep-08 6:30pm.....19 COLBOURNE GLEBE.....
Thu 25-Sep-08 6:30pm.....19 MELALEUCA STREET FAIRFIELD EAST.....
Thu 25-Sep-08 6:30pm.....19/24-28 HELEN STREET LANE COVE.....
Thu 25-Sep-08 6:30pm.....2 HOWIE AVE CRONULLA.....
Thu 25-Sep-08 6:30pm.....2 PERTH AVENUE EAST LINDFIELD.....
Thu 25-Sep-08 6:30pm.....2 PERTH AVENUE LINDFIELD.....
Thu 25-Sep-08 6:30pm.....2/11 BAPAUME ROAD MOSMAN.....
Thu 25-Sep-08 6:30pm.....2/19 GAERLOCH AVENUE TAMARAMA.....
Thu 25-Sep-08 6:30pm.....21A KNOWLMAN AVENUE PYMBLE.....
Thu 25-Sep-08 6:30pm.....21C KNOWLMAN AVE PYMBLE.....
Thu 25-Sep-08 6:30pm.....22 CLEVELAND STREET WAHROONGA.....
Thu 25-Sep-08 6:30pm.....22 COUNTESS STREET MOSMAN.....
Thu 25-Sep-08 6:30pm.....22/14-16 ONSLOW AVENUE ELIZABETH BAY.....
Thu 25-Sep-08 6:30pm.....25/9-13 HILL STREET CABRAMATTA.....
Thu 25-Sep-08 6:30pm.....259 EASTERN VALLEY WAY MIDDLE COVE.....
Thu 25-Sep-08 6:30pm.....29 KARDINIA ROAD MOSMAN.....
Thu 25-Sep-08 6:30pm.....295 FORBES STREET DARLINGHURST.....
Thu 25-Sep-08 6:30pm.....3/4 HOLBROOK AVENUE KIRRIBILLI.....
Thu 25-Sep-08 6:30pm.....306/14 MACLEAY STREET POTTS POINT.....
Thu 25-Sep-08 6:30pm.....36 LARKIN STREET WAVERTON.....
Thu 25-Sep-08 6:30pm.....36B CECIL STREET GORDON.....
Thu 25-Sep-08 6:30pm.....39 WALKERS DRIVE LANE COVE.....
Thu 25-Sep-08 6:30pm.....40A RICKARD AVENUE MOSMAN.....
Thu 25-Sep-08 6:30pm.....45 BANCROFT ROAD ABBOTSBURY.....
Thu 25-Sep-08 6:30pm.....45/8 GREENKNOWE AVENUE ELIZABETH BAY.....
Thu 25-Sep-08 6:30pm.....4D/6 MACLEAY STREET POTTS POINT.....
Thu 25-Sep-08 6:30pm.....5/124 KIRRIBILLI AVENUE KIRRIBILLI.....
Thu 25-Sep-08 6:30pm.....5/128 HOLT AVENUE CREMORNE.....
Thu 25-Sep-08 6:30pm.....51 UNION STREET MCMAHONS POINT.....
Thu 25-Sep-08 6:30pm.....587A MOWBRAY ROAD LANE COVE.....
Thu 25-Sep-08 6:30pm.....5A/15-19 ONSLOW AVENUE ELIZABETH BAY.....
Thu 25-Sep-08 6:30pm.....6 WINNALL PLACE ASHCROFT.....
Thu 25-Sep-08 6:30pm.....65 TURRIELL POINT RD LILLI PILLI.....
Thu 25-Sep-08 6:30pm.....7 HILAND CRES SMITHFIELD.....
Thu 25-Sep-08 6:30pm.....708/18-20 PELICAN STREET DARLINGHURST.....
Thu 25-Sep-08 6:30pm.....76 BRIGHTON BLVDE BONDI BEACH.....
Thu 25-Sep-08 6:30pm.....76B UNDERCLIFF STREET NEUTRAL BAY.....
Thu 25-Sep-08 6:30pm.....78 SPENCER ROAD KILLARA.....
Thu 25-Sep-08 6:30pm.....8/88 DRUMALBYN ROAD BELLEVUE HILL.....
Thu 25-Sep-08 6:30pm.....99 KING ROAD WAHROONGA.....
Thu 25-Sep-08 6:30pm.....BOSSLEY PARK.....
Thu 25-Sep-08 6pm.....11 SILVERLEAF ROW MENAI.....
Thu 25-Sep-08 6pm.....115 SANDRINGHAM STREET SANS SOUCI.....
Thu 25-Sep-08 6pm.....13/162-166 CHUTER AVENUE SANS SOUCI.....
Thu 25-Sep-08 6pm.....286 RAINBOW STREET COOGEE.....
Thu 25-Sep-08 6pm.....45 LINDEN SUTHERLAND.....
Thu 25-Sep-08 6pm.....54 A BLAXLAND DRIVE ILLAWONG.....
Thu 25-Sep-08 6pm.....6 JEAN MIRANDA.....
Thu 25-Sep-08 6pm.....7 PERU ILLAWONG.....
Thu 25-Sep-08 6pm.....7/18 HERCULES ROAD BRIGHTON LE SANDS.....
Thu 25-Sep-08 7:30pm.....1 GILDA STREET NORTH RYDE.....
Thu 25-Sep-08 7:30pm.....10 LEXINGTON AVENUE EASTWOOD.....
Thu 25-Sep-08 7:30pm.....11 HILLCREST AVENUE EPPING.....
Thu 25-Sep-08 7:30pm.....12 MARLOW AVENUE DENISTONE.....
Thu 25-Sep-08 7:30pm.....28 YANGALLA STREET MARSFIELD.....
Thu 25-Sep-08 7:30pm.....2A ANGUS AVENUE EPPING.....

Note a lot are in "Blue Ribbon" suburbs like Vaucluse & Mosman. My guess is the owners don't want their auctions in the papers to avoid scrutiny from their social circle.

FWIW the auction clearance rates are generally worse during the week than the weekends, but are generally held in a central location after business hours. But it does seem the vendors are just that bit more desperate to sell.

Also, the midweek auctions in Melbourne get counted in the following Saturday's results by the REIV (well, the ones that sold do anyway) to boost the auction numbers and clearance rates. Not that there's that many.

In Adelaide the mortgagee in possession auctions are often midweek, for those in that market.

And in non-cap city QLD & NSW (e.g central/sunshine/south/gold coasts) midweek auctions are held most weeks.

 

[Orks]

The theory is that for mid week auctions at a function centre, 90% of those who attend will be genuine bidders and interested purchasers, who have made the effort to get there, as opposed to weekend auctions at the property, where 90% of those who attend are just interested onlookers and nosy neighbours.

 

[tess85]

DadOfSam - can I ask, where did you find out those listings? I didn't know you could get that info. Useful stuff.

 

[quoll]

I have noticed in the paper a lot more auctions seem to get passed in during the week than on the weekends...
Why would a vendor organise for midweek auctions?
It would be difficult for me to get to a midweek auction with work.

I been to a few, not really a big fan of auctions at any time but the mid week ones seem like a bad idea, in my area. They might work elsewhere but not in the far south of Adelaide.

Regards
Graeme