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Rachael Ward

Auction jump ahead of expected Cup day rate hike

Hayden Groves Michele Bullock Michelle Bullock Melbourne Cup Day Melbourne RBA

Auction listings have soared as home owners hope to secure a sale ahead of a potential rate rise. (Diego Fedele/AAP PHOTOS)

There's been a jump in auctions along the east coast as sellers try to offload properties ahead of an expected interest rate hike on Melbourne Cup Day.

Some 2883 properties were listed for auction on Saturday and an additional 639 are set to go under the hammer in coming days, which would make it the busiest period since April 2022, according to CoreLogic.

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