There are 1,527 capital city homes currently scheduled for auction this week, up 15.5% from last week (1,322).
While increasing week-on-week, this week’s scheduled auction activity is -36.4% lower than the same week last year when 2,401 homes were taken to auction across the combined capitals.
Sydney is set to be the busiest auction market this week with 642 homes scheduled for auction, up 51.4% from last week when 424 auctions were held, although down -27.5% from this time last year (886).
There are 561 auctions scheduled in Melbourne this week, up 35.8% from last week when 413 auctions were held, although -46.0% lower than this time last year when 1,039 homes were taken to auction across the city.
While auction activity is rising across Sydney and Melbourne, the smaller auction capitals are set to see fewer homes taken to auction this week. There are currently 106 auctions scheduled in Brisbane, down -47.0% from last week (200). Adelaide is set to host 104 auctions this week, down -20.0% week-on-week (130), while in Canberra, 100 homes are scheduled for auction, down -28.6% compared to last week (140). There are currently 12 homes scheduled for auction across Perth, down from 14 last week, while in Tasmania, two auctions are scheduled this week.
The complete Auction Market Preview for the week ending 12 February 2023 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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