Auction activity is set to rise above 2,000 for the first time this year, with 2,459 capital city homes currently scheduled for auction this week, up 33.2% from last week (1,846).
While increasing week-on-week, scheduled auction activity is -27.4% lower than the same week last year when 3,386 homes were taken to auction across the combined capitals.
Melbourne is set to be the busiest auction market this week with 1,142 homes scheduled for auction, up 40.3% from last week when 814 auctions were held, although down -27.4% from this time last year (1,574).
There are 907 auctions scheduled in Sydney this week, up 32.2% from last week when 686 auctions were held, although -24.5% lower than this time last year when 1,202 homes were taken to auction across the city.
Looking at the smaller capital cities, Brisbane is set to host the most auctions this week (144), up 17.1% from last week (123), although -33.9% lower than this time last year (218). There are 136 auctions currently scheduled in Canberra this week, up 38.8% week-on-week (98) and -17.6% lower than this time last year (165). Adelaide is set to host 121 auctions, up 12.0% from last week (108) and -41.5% lower than the same week last year (207). Across Perth, there are currently just six homes scheduled for auction, compared to 14 last week and 20 this time last year. There are three auctions scheduled in Tasmania this week, in line with last week, after no homes were taken to auction in Tasmania this time last year.
The complete Auction Market Preview for the week ending 26 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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