Combined capital city auction activity up 4.5% week-on-week
There are 1,858 capital city homes currently scheduled for auction this week, up 4.5% from last week (1,778). Over the same week last year, 1,929 homes were taken to auction.
Melbourne is set to be the busiest auction market, with 867 homes currently scheduled for auction, compared to 834 last week and 877 this time last year.
There are 668 auctions scheduled in Sydney this week, up from 612 last week. This time one year ago, 765 homes were taken to auction across the city.
Looking at the smaller capitals, Brisbane is set to see 140 homes taken to auction, followed closely by Adelaide where 132 auctions are currently scheduled. Canberra is expecting 39 homes to be taken under the hammer this week, while there are 11 auctions scheduled in Perth and just one scheduled in Tasmania.
Next week will see auction activity continue to rise, with around 2,040 capital city homes currently set to go under the hammer.
The complete Auction Market Preview for the week ending 11 August 2024 can be downloaded below.
Auction Market Preview
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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