Auction market winding down ahead of the festive season
There are currently 2,215 capital city homes scheduled for auction this week, down from 2,617 last week and 2,884 this time last year. We expect this will be the quietest auction week since early November, when auction activity dropped to 1,972 in the lead up to the Melbourne Cup.
Melbourne is set to host 1,003 auctions this week, after 1,236 homes were taken to auction last week. Over the same week last year, 1,398 auctions were held across the city.
There are 814 homes set to go under the hammer across Sydney this week, down from 927 last week and 934 over the same week last year.
Across the smaller capitals, Brisbane (164) and Adelaide (142) are the busiest auction markets this week, followed by Canberra (55). Perth is expecting its busiest auction week of the year, with 37 homes currently set to go under the hammer, while there are no auctions scheduled in Tasmania at this stage.
There are just under 850 capital city homes set for auction across the combined capital cities next week, and just a handful the following week in the lead up to Christmas.
Please note this is our final auction preview for the year, resuming in late January/early February, depending on the volume of auctions.
The complete Auction Market Preview for the week ending 15 December 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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