Mild auction numbers amid autumn chills
Scheduled auction activity is moving into its seasonally slow period, with 1,652 capital city homes set to go under the hammer this week. While up from the 1,595 auctions hosted last week amid the federal election, this week's auction numbers are down -26.2% compared to the 2,237 held this time last year, and roughly half those seen over the week prior to Easter (3,066).
Sydney is expecting a 21.2% increase in weekly auction numbers this week, with 681 auctions scheduled, up from 562 last week. This time last year, the city was host to 773 auctions.
Melbourne will see fewer auctions this week, with 693 homes currently scheduled to go under the hammer, down from 776 last week and 1,104 this time last year.
Across the smaller auction capitals, Adelaide is set to host the busiest auction week, with 114 homes set to go under the hammer, up 32.6% week-on-week. At 107, Brisbane's scheduled auction numbers are roughly in line with those seen last week (104), while Canberra's auction market is expecting a -18.5% weekly decline, with 44 auctions scheduled. Nine homes are set to go under the hammer in Perth this week, while four auctions are on the radar in Tasmania.
Historically, auction numbers have been tepid in the weeks following Easter before ramping up towards the start of the spring selling season. Cotality is expecting this trend to continue next week, with around 1,600 capital city homes scheduled for auction across the combined capitals.
The complete Auction Market Preview for the week ending 11 May 2025 can be downloaded below.
Auction Market Preview
Meet Kaytlin Ezzy
Economist
Kaytlin Ezzy is an Economist at CoreLogic, Australia’s leading property data, information, analytics and services provider.
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