The combined capital cities are set to host the second busiest auction week so far this year with 2,318 homes currently scheduled for auction.
The previous week saw auction volumes dip to 1,280 amid a public holiday long weekend across four of the eight states and territories. This time last year, 3,108 homes were taken to auction across the combined capitals.
Melbourne is set to be the busiest auction market this week with 1,074 homes scheduled for auction, the second time the city has seen auction volumes rise above 1,000 so far this year. While auction volumes are up substantially from last week when 360 auctions were held, they are -29.6% lower than this time last year (1,525).
Sydney is host to 837 auctions this week, up 27.0% from last week when 659 homes were taken to auction. This time last year, 1,029 auctions were held across the city.
Across the smaller capital cities, Brisbane is set to host the most auctions this week (140), up 32.1% from last week (106). Canberra (129) and Adelaide (124) are also expecting to see auction volumes rise week-on-week, up 111.5% and 55.0% respectively. In Perth, 10 homes are currently scheduled for auction, down from 13 last week, while there are four auctions scheduled in Tasmania, up from just one last week. Over the same week last year, auction volumes across the smaller capitals were higher with 197 homes taken to auction across Adelaide, 190 in Brisbane, 149 in Canberra and 18 in Perth. There were no auctions held in Tasmania this time last year.
The complete Auction Market Preview for the week ending 19 March 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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