With 2,260 homes currently scheduled for auction across the combined capital cities, this week is shaping up to be the busiest auction week since late June.
The volume of auctions this week is 17.8% higher than last week (1,918) and 35.2% higher than this time last year (1,672) when lockdowns continued to impact several auction markets.
There are 1,006 homes set for auction across Melbourne this week, the busiest week the city has seen since June, rising 18.8% from last week when 847 auctions were held across the city, and 133.4% higher than this time last year when Melbourne was navigating its sixth lockdown (431).
In Sydney, 835 homes are currently scheduled for auction this week, and as with Melbourne, this will be the busiest auction week the city has seen since June. The volume of auctions this week is 19.6% higher than last week when 698 auctions were held across the city, and up 6.2% from this time last year (786).
Across the smaller capital cities, Brisbane is set to see auction volumes rise 33.1% week-on-week with 169 homes scheduled to go under the hammer this week, up from 127 last week, making it the busiest auction market amongst the smaller capitals. There are 129 auctions scheduled in Adelaide this week, in line with last week, while in Canberra there are 102 homes scheduled for auction this week, up 1.0% week-on-week (101). Perth will see 18 homes taken to auction this week, up from 15 last week, while there is only one auction on the radar in Tasmania this week, in line with the week prior.
The complete Auction Market Preview for the week ending 11 September 2022, including a summary of last week's results, can be downloaded below.
Meet Caitlin Fono
Sr Associate, Research Support
Caitlin has spent more than a decade working with property data and analytics in various roles, earning a position on the CoreLogic research team in 2013. As a respected and highly experienced research analyst, Caitlin works with high frequency data sets, regularly updating our widely read auction reporting, weekly activity updates and customised data briefs.
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