Auction volumes on the rise across the combined capitals
Auction volumes are on the rise with 2,621 capital city homes currently scheduled to go under the hammer, the sixth busiest auction week of the year. The last two weeks have seen lower volumes due to the various public holidays with 1,955 homes taken to auction last week and 1,836 over the previous week. One year ago, 2,275 auctions were held across the combined capitals.
Melbourne is set to see auction volumes hold above 1,000 for the second week in a row with 1,067 homes set to go under the hammer, compared to 1,095 last week and 1,029 this time last year.
There are 1,103 auctions scheduled in Sydney this week, the third busiest auction week of the year so far. Last week saw just 524 auctions held across the city, while this time last year, 892 homes went under the hammer.
Across the smaller capitals, Brisbane is set to host the most auctions this week (187), up from 154 last week. There are 167 auctions scheduled in Adelaide, up from 130 last week, while Canberra is set to see 84 homes go under the hammer, up from 41 one week ago. There are 12 auctions scheduled in Perth, compared to 10 last week, while there is just one auction on the radar in Tasmania.
We are expecting a similar number of auctions next week with around 2,650 capital city homes currently scheduled for auction, before rising further the following week.
The complete Auction Market Preview for the week ending 13 October 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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