Increase in auction activity week-on-week across combined capitals
There are currently 2,758 capital city homes scheduled for auction this week, up from 2,640 last week and 2,963 this time last year.
Melbourne is set to host 1,222 auctions this week, after 1,161 homes were taken to auction last week. Over the same week last year, 1,375 auctions were held across the city.
Sydney is expecting to see an increase in auction volume this week, with 1,082 homes currently scheduled to go under the hammer. The previous week saw 994 homes taken to auction, while this time last year, 1,081 auctions were held.
Across the smaller capitals, Brisbane (176) and Adelaide (169) are the busiest auction markets this week, followed by Canberra (94), Perth (14) and Tasmania (1).
There are currently just under 2,500 capital city homes set for auction across the combined capital cities next week.
The complete Auction Market Preview for the week ending 1 December 2024 can be downloaded below.