Auction activity set to rise for the fifth consecutive week
There are 2,719 homes currently scheduled for auction across the combined capital cities this week, rising for the fifth consecutive week and marking the busiest auction week since late-May (3,226). While auction volumes are up 7.2% week-on-week (2,537), the same week last year saw a record-breaking 4,981 homes taken to auction across the combined capital cities – the busiest auction week since CoreLogic records commenced in 2008.
Melbourne is set to host the busiest auction week since mid-June (1,266), with 1,207 homes currently scheduled for auction this week, up 4.2% from last week (1,158). This week’s auction activity is -47.9% lower than the same week last year when a record breaking 2,318 auctions were held across the city.
There are currently just shy of 1,000 homes scheduled for auction in Sydney this week (988) making it the busiest auction week since late-May (1,109). While up 10.9% on last week (891), this week’s auction activity is -44.8% lower than the same week last year (1,791), when Sydney hosted its busiest auction week on record.
With 190 homes scheduled for auction this week, Adelaide is set to host its busiest auction week since early-July (192), up 6.7% from last week (178). There are 180 auctions scheduled in Brisbane, rising 7.8% from last week (167), while Canberra is set to host 143 auctions this week, up 14.4% on last week (125). In Perth, 10 homes are scheduled to go under the hammer this week, while just one auction is scheduled in Tasmania.
The complete Auction Market Preview for the week ending 11 December 2022, including a summary of last week's results, can be downloaded below.
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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