Auction activity expected to rise above 2,000 for the first time since late June
There are 2,043 capital city homes currently scheduled for auction this week, up 8.0% from last week (1,891) and just 0.3% higher than the same week last year (2,037). If all of these auctions go ahead, it will be the busiest auction week since 23rd June (2,150).
Melbourne is set to be the busiest auction market, with 858 homes currently scheduled for auction, compared to 897 last week and 841 this time last year.
There are 783 auctions scheduled in Sydney, up from 645 last week. This is set to be the busiest week the city has seen since the week ending 23rd June (844). Over the same week last year, 818 homes were taken to auction.
Looking at the smaller capitals, Brisbane is set to see 159 homes taken to auction, followed closely by Adelaide where 143 auctions are currently scheduled. Canberra is expecting 86 homes to be taken under the hammer this week, while there are 13 auctions scheduled in Perth and just one scheduled in Tasmania.
Next week will see auction activity rise further, with around 2,130 homes currently scheduled for auction across the combined capitals.
The complete Auction Market Preview for the week ending 18 August 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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