Busiest auction week since the lead up to Easter
There are 2,454 capital city homes currently scheduled for auction this week, up 16.2% on last week (2,112) and 6.1% higher than this time last year (2,314).
Melbourne is set to be the busiest auction market, with 1,127 auctions scheduled this week, up 15.7% on last week (974) and 14.8% higher than this time last year (982). If all of these auctions go ahead, it will be the busiest week the city has seen since the lead up to Easter (1,760) and the fifth busiest auction week of the year to date.
There are 918 auctions scheduled in Sydney, up 18.3% week-on-week (776). Over the same week last year, 927 homes were taken to auction. If all of these auctions go ahead, it will be the busiest auction week since the lead up to Easter (1,199) and the third busiest auction week of the year to date.
Across the smaller capitals, Brisbane is set to be the busiest city with 172 homes scheduled for auction, up from 149 last week. There are 150 auctions scheduled in Adelaide, up from 148 last week, while Canberra is set to see 68 homes taken to auction, up from 49 last week. There are 16 auctions scheduled in Perth, compared to 13 last week, while Tasmania is set to see three homes taken to auction.
Next week will see a further rise in auction activity, with around 2,800 capital city homes set to go under the hammer. The following week will see a temporary dip in auction volumes due to the AFL Grand Final long weekend in Victoria, with around 1,750 auctions currently on the radar across the combined capitals.
The complete Auction Market Preview for the week ending 15 September 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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