Brisbane will host another strong weekend for auctions this weekend as housing market activity continues to heat up over spring

113 auctions are scheduled in the metro area on Saturday which although just below the 115 offered last weekend remains well ahead of the 97 conducted over the same weekend last year. Brisbane auctions continue to track at the highest levels since last May as sellers becomes more confident in market conditions.

Sunnybank in Brisbane’s south is again the most popular suburb for auctions in Brisbane this weekend with 6 scheduled. Next highest is neighbouring Algester with 4 auctions followed by Margate, New Farm and Windsor each with three auctions listed.

Notable sales reported sold at auction last weekend in Brisbane included a 5 bedroom home at 10 Saint George Court Wishart sold for $1,680,00 by LJ Hooker Sunnybank Hills, another 5 bedroom home at 83 Dunedin Street Sunnybank sold for $1,060,000 also by LJ Hooker Sunnybank Hills, a 4 bedroom home at  22 Garfield Drive Paddington sold for $1,100,000 by Urban Property Agents, a 4 bedroom home at   20 Mayne Street  Toowong sold for $870,000 by McGrath Paddington and a 6 bedroom home at 29 Stanley Terrace East Brisbane sold for $845,000 by McGrath Bulimba.

Latest ABS data reports that the value of home loans approved for sales in Queensland fell by 3.4 percent over August - a falling monthly trend that was shared by all other states except Tasmania.

Queensland however bucked the national trend over August as the only state to record an increase in first home buyer finance over the month. Queensland first home buyer loans increased by 1.3 percent to 1,143 to be up by 13.4 percent over the first 8 months of this year compared to the same period a year ago. The proportion of first home buyers however remains low at just 8.6 percent of all house sales finance recorded over the month.

Dr Andrew Wilson is Domain Group Senior Economist Twitter@DocAndrewWilson