News & Research

Auction Market Preview - 29 May 2022

Recovering from the election week slump seen last week, the combined capital cities are expecting the busiest week since the pre-Easter spike (week ending 10th April – 4,035) and the third busiest week of the year to date.

Recovering from the election week slump seen last week, the combined capital cities are expecting the busiest week since the pre-Easter spike (week ending 10th April – 4,035) and the third busiest week of the year to date. More than double the number of auctions held the week prior (1,672), 3,382 homes across the capitals are scheduled to go under the hammer this week. This time last year 2,905 auctions were held across the combined capitals.

In Melbourne, 1,487 homes are set to go to auction across the city. Compared to the week prior (712) this week’s auction activity is up 108.8%, and up 19.3% from the 1,246 auctions held this time last year.

In Sydney, auction volumes are expected to exceed 1,000 for the first time in seven weeks with 1,233 auctions scheduled to occur this week. This week’s auction activity is up 131.8% from the 532 auctions held the previous week, and up 5.0% from the 1,174 held this time last year.

Across the smaller capitals, Brisbane is set to host the most auctions, with 260 homes set to go under the hammer this week. This marks Brisbane’s busiest auction week since mid-December 2021 when 354 homes were auctioned across the city. Adelaide is set to host 230 auctions this week, up 17.9% from the week prior, while Canberra’s 147 scheduled auctions are up 61.5% week on week. In Perth, 21 homes are scheduled to go under the hammer, while four auctions are scheduled to occur in Tasmania this week.

For the complete Auction Market Preview including a summary of last week's results, click here.

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Kaytlin Ezzy

Meet Kaytlin Ezzy

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Kaytlin is a skilled research analyst and 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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