Auction activity is expected to rise across the combined capitals with 1,958 homes currently scheduled for auction this week.
Auction activity is expected to rise across the combined capitals with 1,958 homes currently scheduled for auction this week, up 7.4% from the previous week (1,823) and 34.8% higher than this time last year (1,453) when lockdowns impacted several auction markets.
Melbourne is the busiest auction market this week with 840 homes scheduled to go under the hammer. Up 8.1% from the previous week (777), this week’s auction activity is 117.6% higher than this time last year when just 386 auctions were held as the city remained in lockdown.
Sydney is set to see 746 homes taken to auction this week, up 8.3% from the previous week (689) and 12.9% higher than this time last year when 661 homes were taken to auction across the city.
Across the smaller capital cities, Brisbane is the only capital city market set to see fewer homes taken to auction this week with 125 auctions currently scheduled across the city, down -4.6% from the previous week (131). Adelaide is set to host the most auctions amongst the smaller capitals (128), up 2.4% compared to the week prior (125), while 102 auctions are scheduled to occur in Canberra, 8.5% higher than the previous week (94). There are 16 auctions scheduled in Perth this week, up from six last week, while there is only one auction on the radar in Tasmania this week, in line with the week prior.
The complete Auction Market Preview for the week ending 11 September 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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