This week is shaping up to potentially be the busiest Easter for auctions on record
Auction volumes are set to dip due to the Easter long weekend with 913 capital city homes currently scheduled to go under the hammer. We usually see some revision in auction volumes once numbers are finalised, meaning this week could potentially overtake Easter 2022 (926) as the busiest Easter on record. Current expected volumes are 40.0% higher than Easter last year (w/e 9th April 2023) when just 652 auctions were held. Last week saw 3,519 homes taken to auction, while this time last year, 2,687 auctions were held across the combined capitals (noting this was the week prior to Easter 2023).
Sydney is set to be the busiest auction market this week. There are 429 homes currently scheduled to go under the hammer across the city, down -64.2% on last week (1,199) and -57.8% lower than this time last year (1,017). Easter 2023 saw 371 homes taken to auction across Sydney.
There are just 281 homes scheduled to go under the hammer in Melbourne this week, down -84.0% from last week (1,760) and -76.6% lower than this time last year (1,202). In comparison, Easter 2023 saw 108 homes taken to auction across the city.
Across the smaller capital cities, Brisbane is set to host 96 auctions this week, down -61.3% from last week when 248 auctions were held. There are currently 56 auctions scheduled in Adelaide, down -71.0% from last week (193) and 47 in Canberra, down -54.8% week-on-week (104). There are just four auctions scheduled in Perth, down from 14 last week, while there are no auctions scheduled in Tasmania.
The complete Auction Market Preview for the week ending 31 March 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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