King’s Birthday long weekend sees auction activity take a dive
There are currently 1,351 capital city homes scheduled for auction this week, with the lower auction activity attributed to the King’s Birthday long weekend in most states. Last week saw 2,918 homes taken to auction, while this time last year, 1,317 auctions were held across the combined capitals.
In Melbourne, 461 homes are currently scheduled for auction this week, compared to 1,516 last week and 488 this time last year.
Sydney is set to host the most auctions this week, with 623 homes scheduled to go under the hammer. Last week saw 1,057 homes taken to auction, while this time last year, 523 auctions were held across the city.
Looking at the smaller capitals, Brisbane is set to host the most auctions this week (133), followed by Adelaide (87) and Canberra (41). There are just six homes set to go under the hammer in Perth this week, while there are no auctions on the radar in Tasmania.
Auction activity is set to rise next week, with just under 2,100 capital homes currently scheduled for auction.
The complete Auction Market Preview for the week ending 8 June 2025 can be downloaded below.