Auction activity continues to rise with 2,465 homes currently scheduled for auction across the combined capital cities this week, the busiest auction week since mid-June (2,528).
While this week’s scheduled auction activity is up 7.3% on last week’s numbers (2,298), it is -42.0% lower than this time last year when CoreLogic recorded its third busiest auction week since records commenced in 2008 (4,251).
Melbourne auction volumes are set to hold around 1,000 for the second consecutive week, with 1,009 homes currently scheduled for auction across the city, in line with the 1,008 auctions held last week. This week’s auction activity is -47.2% lower than the same week last year when 1,910 homes were taken to auction across Melbourne.
There are 992 homes currently scheduled for auction across Sydney this week – the busiest auction week the city has seen since late-May (1,109). This week’s auction volumes are 27.5% higher than last week (778) but -35.8% below the number of auctions held this time last year (1,546).
Across the smaller capitals, Brisbane and Canberra are set to be the busiest auction markets, each with 149 homes scheduled for auction this week, followed closely by Adelaide (147). In Perth, 15 homes are set to go under the hammer, down from 29 last week, while four auctions are expected in Tasmania this week, up from just one last week.
The complete Auction Market Preview for the week ending 27 November 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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