Auction activity up 10.2% across the combined capitals
There are 2,333 capital city homes currently scheduled for auction this week, up 10.2% on last week (2,118). This time last year, 2,286 homes were taken to auction across the combined capitals.
Melbourne is set to be the busiest auction market, with volumes expected to exceed 1,000 for the first time since the week ending 16th June (1,083). With 1,022 auctions on the radar this week, volumes are 9.0% higher than the previous week (938) and 1.3% higher than the same week last year (1,009).
There are 930 auctions scheduled in Sydney, up 14.0% week-on-week (816). This is set to be the busiest week the city has seen since the week prior to Easter (1,199). Over the same week last year, 913 homes were taken to auction.
Across the smaller capitals, Brisbane is the only city expected to see an increase in auction volumes week-on-week with 166 homes set to go under the hammer, up from 137 last week. There are 143 auctions scheduled in Adelaide this week, down from 150 last week, while there are 65 auctions scheduled in Canberra, in line with last week. There are seven auctions scheduled in Perth, down from 11 last week, while there are no auctions on the radar in Tasmania this week.
There are around 2,130 homes currently scheduled for auction across the combined capitals next week.
The complete Auction Market Preview for the week ending 1 September 2024 can be downloaded below.
Auction Market Preview
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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