The combined capital cities are set to see an increase in the number of auctions with 2,384 homes currently scheduled to go under the hammer, the second busiest auction week so far this year.
While up 7.1% on last week when 2,226 homes were taken to auction, numbers this week are -29.4% lower than the same week last year (3,377).
There are 1,160 auctions scheduled in Melbourne this week, up 10.8% on last week when 1,047 homes were taken to auction. This time last year, 1,626 auctions were held across the city.
In Sydney, 851 homes are set to go under the hammer, up 8.8% on last week (782), although -22.9% lower than this time last year (1,104).
Across the smaller capital cities, Brisbane is set to host the most auctions this week with 132 homes scheduled for auction, followed by Adelaide (130) and Canberra (93). There are 14 auctions scheduled in Perth this week, and four auctions scheduled in Tasmania. Last week, auction volumes were higher across Brisbane (138) and Canberra (123), while Adelaide (119) and Perth (13) saw fewer homes taken to auction. This time last year, all auction markets saw a higher number of auctions.
The complete Auction Market Preview for the week ending 26 March 2023 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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