News & Research

Auction Market Preview - 7 July 2024

Combined capital city auction activity slips below 2,000

There are 1,790 capital city homes currently scheduled for auction this week, down -11.8% from last week when 2,030 auctions were held. Over the same week last year, 1,428 homes were taken to auction across the combined capitals. This is just the second time since the beginning of May that auction activity has fallen below 2,000.

Melbourne is set to see 673 homes taken to auction this week, down -24.0% from last week (886) and 17.9% higher than this time last year (571).

There are 803 auctions scheduled in Sydney this week, up 4.8% from last week when 766 auctions were held, and 41.6% higher than this week last year (567). Sydney and Perth are the only capital cities set to see an increase in auction activity week-on-week.

Across the smaller capitals, Adelaide is set to host the most auctions this week (143), compared to 147 last week and 101 this time last year. There are 119 auctions scheduled in Brisbane, compared to 159 last week and 105 last year, while Canberra is set to host 43 auctions, down from 65 last week and 72 this time last year. There are nine auctions scheduled in Perth, up from five last week although lower than this time last year (12). There are no auctions on the radar in Tasmania this week.

Just under 1,500 homes are currently scheduled for auction across the combined capitals next week which shows the winter slowdown is underway.

The complete Auction Market Preview for the week ending 7 July 2024 can be downloaded below.

Auction Market Preview


Caitlin Fono

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.

Full profile

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