Auction activity expected to rise 11.0% week-on-week
There are 1,973 capital city homes currently scheduled for auction this week, up 11.0% from last week (1,777) and in line with the same week last year (1,973).
Melbourne is set to be the busiest auction market again this week, with 857 homes currently scheduled for auction, up 11.7% from last week (767), and just -1.5% lower than one year ago (870).
There are 740 auctions scheduled in Sydney this week, up 22.3% from last week when 605 auctions were held, and -1.2% lower than this week last year (749).
Across the smaller capitals, Brisbane is set to see 205 homes taken to auction, compared to 208 last week. There are 125 auctions currently scheduled in Adelaide, down from 139, while in Canberra, 33 homes are set to go under the hammer, down from 49. There are 12 auctions scheduled in Perth, up from nine last week, while there is just one auction on the radar in Tasmania.
Next week will see fewer homes taken to auction, with around 1,760 capital city homes currently set to go under the hammer. The Bank Holiday long weekend in New South Wales may be impacting Sydney’s auction volumes, with 618 homes currently set for auction across the city.
The complete Auction Market Preview for the week ending 28 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.
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