Combined capital city auction volumes up 4.7% week-on-week
There are 2,246 capital city homes currently scheduled for auction this week, up 4.7% from last week when 2,146 auctions were held and 19.0% higher than this time last year (1,887).
Melbourne is set to see auction volumes hold above 1,000 for the fourth consecutive week, with 1,050 homes up for auction. This week’s expected volumes are 4.1% higher than last week (1,009) and 24.4% higher than this time last year (844).
Sydney is expecting 806 auctions this week, up from 725 last week and 698 this time last year. This week is set to be Sydney’s busiest since the week ending 14th April (821).
Across the smaller capitals, Brisbane (153) and Adelaide (143) are expecting to see fewer homes taken to auction week-on-week, down from 178 and 156, respectively. Meanwhile, Canberra (81) and Perth (9) will see an increase in weekly auction numbers, up from 72 and 6, respectively. Four auctions are on the radar in Tasmania this week after last week's no auctions.
Auction activity is expected to continue trending higher next week, with around 2,350 auctions currently scheduled across the combined capital cities.
The complete Auction Market Preview for the week ending 26 May 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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