There are currently 2,136 capital city homes scheduled for auction this week, down -12.1% from last week (2,429) and -28.3% lower than this time last year (2,979).
While auction activity is set to hold above 2,000 for the second week in a row, all capital cities are set to see fewer homes taken to auction this week compared to both last week and this time last year.
Melbourne is set to be the busiest auction market this week with 947 homes scheduled for auction, down -18.4% from last week when 1,161 auctions were held, and -34.8% lower than this time last year (1,452).
In Sydney, 845 homes are scheduled for auction this week, down -1.6% from last week (859) and -15.4% lower than this time last year when 999 homes were auctioned across the city.
Across the smaller capital cities, Adelaide is set to host the most auctions this week (117), down -4.9% from last week (123), while Brisbane (112) and Canberra (108) are both expecting to see auction volumes drop by -20.0% week-on-week. In Perth, six homes are currently scheduled for auction, down from eight last week, while there is just one auction scheduled in Tasmania, down from three last week. Over the same week last year, auction volumes across the smaller capitals were higher with 200 homes taken to auction across Adelaide, 180 in Brisbane, 137 in Canberra, nine in Perth and two in Tasmania.
The complete Auction Market Preview for the week ending 5 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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