This week, CoreLogic is expecting auction volumes to rise above 2,000 for the first time since late June, with 2,086 homes currently scheduled for auction across the combined capital cities.
The volume of auctions has been rising for the past couple of weeks, with activity this week up 14.9% on the previous week (1,816), and 6.4% higher than this time last year (1,960).
Sydney is set to overtake Melbourne as the busiest auction market this week with 859 homes currently scheduled for auction across the city, up 34.4% on the previous week (639) and 45.1% higher than this time last year (592).
In Melbourne, 832 homes are set to go under the hammer this week, up 6.8% week-on-week (779), although -10.3% lower than this time last year (928).
Across the smaller capital cities, Adelaide (137) and Perth (21) are the only cities expecting to see an increase in the volume of auctions this week, up 10.5% and 40.0% respectively. Meanwhile, Brisbane is set to host 146 auctions this week, down -4.6% from the previous week, while Canberra is set to host 88 auctions this week, down -13.7% week-on-week. There are three auctions scheduled in Tasmania this week, down from four over the previous week.
The complete Auction Market Preview for the week ending 28 August 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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