Fewer capital city homes set to go under the hammer
There are 1,780 capital city homes currently scheduled for auction this week, down -9.9% from last week (1,975). Over the same week last year, 1,746 homes were taken to auction.
Melbourne is set to be the busiest auction market this week, with 822 homes currently scheduled for auction, compared to 870 last week and 772 this time last year.
The upcoming Bank Holiday long weekend may be impacting auction volumes in Sydney this week with just 627 auctions currently scheduled across the city. This is down from 721 last week and 692 over the same week last year.
Across the smaller capitals, Adelaide is set to see 139 homes taken to auction, followed closely by Brisbane where 136 auctions are currently scheduled. Canberra is expecting to see 44 homes taken to auction this week, while there are 11 auctions scheduled in Perth and just one scheduled in Tasmania.
Next week will see auction activity rise again, with around 1,860 capital city homes currently set to go under the hammer.
The complete Auction Market Preview for the week ending 4 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