Auction volumes across the combined capitals are expected to rebound this week after last week's Queens birthday weekend slump.
Up 88.8% from the 1,379 auctions held the week prior, 2,603 capital city homes are set to go under the hammer this week, with activity rising across all the capitals except Perth. Compared to this time last year, when 2,400 auctions were held, this week's expected volumes are up 8.5%.
Across Melbourne, anticipated auction numbers are nearly three times the volumes recorded last week (450) with 1,276 Melbourne homes scheduled for auction this week. Compared to the previous week, this week’s auction activity is up 183.6% and up 61.9% from the 788 auctions held this time last year.
Sydney is set to host 857 auctions this week, up 58.4% from the week prior (541). While up week on week, this week’s auction volumes are 25.9% below the number of auctions held this time last year (1,157).
Across the smaller capitals, Adelaide is expected to host the busiest auction weekend, with 182 homes scheduled for auction this week. Expected auction volumes across Brisbane (169) are up 4.3% this week, but down -9.6% compared to this time last year, while Canberra’s (104) scheduled activity is up 57.6% compared to the previous week but in line with levels seen this time last year (106). Thirteen auctions are scheduled to occur in Perth, while two auctions are expected in Tasmania this week.