Reserved auction volume amid election uncertainty
There are currently 1,508 capital city homes scheduled for auction this week, compared to 1,076 last week and 2,202 this time last year. While last week’s auction activity was impacted by another long weekend (ANZAC Day), this week’s volume is likely impacted by Saturday’s federal election.
Melbourne is set to be the busiest auction market this week, with 669 homes scheduled for auction across the city. Last week saw 464 homes go under the hammer, while this time last year, 1,057 auctions were held.
In Sydney, 576 homes are scheduled for auction this week, compared to 399 last week and 755 this time last year.
Across the smaller capitals, Brisbane is set to host the most auctions this week (102), followed by Adelaide (97) and Canberra (50). There are 14 homes set to go under the hammer in Perth this week, while there are no auctions on the radar in Tasmania.
Just over 1,600 capital city homes are scheduled for auction across the combined capitals next week.
The complete Auction Market Preview for the week ending 4 May 2025 can be downloaded below.