Auction volumes down slightly across the combined capitals
There are 2,151 capital city homes currently scheduled for auction this week, down -3.8% from last week when 2,237 auctions were held, although 12.0% higher than this time last year (1,921).
Melbourne is set to see auction volumes drop -11.3% this week with 979 auctions currently scheduled, down from 1,104 last week. This week’s expected volumes are 14.2% higher than the same week last year when 857 auctions were held across the city.
Sydney is expecting 778 auctions this week, just five more than last week when 773 auctions were held. This time last year, 747 Sydney homes were taken to auction.
Across the smaller capitals, Brisbane (173) and Adelaide (151) are expecting to see an increase in auction volumes week-on-week, up 13.1% and 26.9% respectively. Meanwhile, Canberra (66) and Perth (4) will see fewer auctions week-on-week. There are no auctions on the radar in Tasmania this week.
Auction activity is expected to increase next week, with just under 2,250 auctions currently scheduled across the combined capital cities.
The complete Auction Market Preview for the week ending 19 May 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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