Auction activity set to rise across Sydney and Melbourne
There are 2,124 capital city homes currently scheduled for auction this week, up 2.9% on last week (2,065). This time last year, 2,278 homes were taken to auction across the combined capitals.
Melbourne is set to be the busiest auction market, with 903 homes currently scheduled for auction, up 2.1% on last week (884), and -15.8% lower than this time last year (1,072).
There are 868 auctions scheduled in Sydney, up 14.8% week-on-week (756). This is set to be the busiest week the city has seen since the week ending 2nd June (899). Over the same week last year, 867 homes were taken to auction.
Unlike Melbourne and Sydney, the smaller capitals are set to see fewer homes taken to auction week-on-week. Adelaide is set to see 141 homes taken to auction, down from 154 last week, while there are 136 auctions scheduled in Brisbane, down from 164 last week. Canberra is expecting 63 homes to be taken under the hammer this week, compared to 91 last week, while there are 12 auctions scheduled in Perth, down from 15.There is only one auction scheduled in Tasmania this week.
There are just shy of 2,350 homes currently scheduled for auction across the combined capitals next week.
The complete Auction Market Preview for the week ending 25 August 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