Auction activity down -6.7% week-on-week across the combined capitals
There are 2,124 capital city homes currently scheduled for auction this week, down -6.7% from last week when 2,276 auctions were held. While down week-on-week, the number of auctions set to take place this week is 18.6% higher than the same week last year (1,791).
There are 941 auctions scheduled in Melbourne this week, down -13.1% from last week (1,083) and 26.5% higher than this time last year (744).
Sydney is set to see 866 homes taken to auction this week, up 6.7% from last week when 812 auctions were held, and 19.6% higher than this week last year (724).
Across the smaller capitals, Brisbane is set to host the most auctions this week (128), down from 192 last week and 134 this time last year. There are 120 auctions scheduled in Adelaide, up from 115 last week and 101 last year, while Canberra is set to host 54 auctions, down from 57 last week and 78 one year ago. There are 12 auctions scheduled in Perth, compared to 15 last week and nine this time last year, while Tasmania is set to see three homes taken to auction, compared to two last week and just one this time last year.
An early view of auction numbers suggests there are around 2,060 homes currently scheduled for auction across the combined capitals next week.
The complete Auction Market Preview for the week ending 23 June 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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