Auction activity set to rebound after quiet winter school holidays
There are 1,786 capital city homes currently scheduled for auction this week, up 18.1% from last week (1,512), equivalent to an additional 274 auctions. This week’s auction activity is just 3.0% higher than the same week last year (1,734).
Melbourne is set to be the busiest auction market this week, with 763 homes currently scheduled for auction, up 21.5% from last week (628), and 12.0% higher than one year ago (681).
There are 637 auctions scheduled in Sydney this week, up 13.8% from last week when 560 auctions were held, and -8.3% lower than this week last year (695).
Across the smaller capitals, Brisbane and Adelaide are expecting an increase in auction volumes week-on-week, with 198 and 136 homes scheduled for auction, up from 150 and 111 respectively. There are 45 auctions scheduled in Canberra, down from 50 last week, while seven homes are set to go under the hammer in Perth this week, down from 11. There are no auctions scheduled in Tasmania this week.
Next week will see auction volumes rise further, with around 1,950 capital city homes currently scheduled for auction.
The complete Auction Market Preview for the week ending 21 July 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.
Full profile