With 3,084 homes scheduled for auction, the combined capitals are set to host their second busiest auction week of the year-to-date.
Rising for the third consecutive week, this week's scheduled auction activity is 3.1% higher than last week's volume of auctions (2,990) and 27.8% above the number seen this time last year (2,414).
Melbourne is bucking the upwards trend, expecting a quieter auction market this week, with 1,336 homes currently scheduled for auction. Although down -5.2% from last week (1,410), this week is slated to be Melbourne's third busiest of the year, with auction activity 32.1% higher than this time last year (1,011).
There are 1,236 homes currently scheduled for auction across Sydney, up from 1,063 last week and 929 this time last year. Overtaking the week ending 29th October (1,071), this week is set to be the city's busiest since early April 2022 (1,490).
Across the smaller capitals, auction activity is expected to fall across Adelaide (-12.8%), hold relatively steady across Brisbane (-0.5%) and rise across Canberra (16.5%). Outside of Sydney and Melbourne, Brisbane is expecting the busiest auction week, with 200 homes currently scheduled for auction, followed by Adelaide (163) and Canberra (127). In Perth, 19 homes are set to go under the hammer this week, while just three auctions are scheduled to occur in Tasmania.
The complete Auction Market Preview for the week ending 26 November 2023 can be downloaded below
Auction Market Preview
Meet Kaytlin Ezzy
Economist
As an economist, Kaytlin is a key member within CoreLogic’s research team. Highly efficient and flexible, she specialises in collating large and customised data sets, data visualisation and residential data reports.
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