After falling sharply last week, auction activity across the combined capitals is expected to rise this week, with 1,646 capital city homes scheduled to go under the hammer.
While auction volumes are up 11.9% compared to the previous week (1,471), this week’s auction numbers are still -14.0% below the recent high recorded two weeks prior (1,913) and -9.7% below the number of auctions held this time last year (1,822).
Sydney is expected to host the most auctions this week, with 662 auctions scheduled across the city. Compared to the previous week, when 480 auctions were held, this week’s auction volumes are up 37.9% and are 20.1% above the 551 auctions held this week last year.
Auction activity is expected to hold steady across Melbourne, with 619 homes scheduled for auction this week. In line with the week prior (619), this week’s auction activity is 30.0% below the auction volumes seen this time last year, when 884 auctions were held.
Across the smaller capitals, auction activity is set to rise across Canberra (+30.4%) and fall across Brisbane (-9.4%) and Adelaide (-15.2%). Brisbane is expecting the busiest week amongst the smaller capitals, with 135 auctions scheduled across the city, followed by Adelaide (123) and Canberra (90). Perth is set to host nine auctions, while one auction is scheduled to occur in Tasmania this week.
The complete Auction Market Preview for the week ending 14 August 2022, including a summary of last week's results, can be downloaded below
Meet Kaytlin Ezzy
Economist
As an economist, Kaytlin is a key member within CoreLogic’s research team. Highly efficient and flexible, she specialises in collating large and customised data sets, data visualisation and residential data reports.
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