Slight dip in auction volumes over first week of spring
There are 2,132 capital city homes currently scheduled for auction this week, down -7.9% on last week (2,315). This time last year, 2,275 homes were taken to auction across the combined capitals. While down over the week, auction activity is set to increase with weekly auction numbers expected to hold around 2,500 for the next two weeks.
Melbourne is set to be the busiest auction market, with 955 auctions scheduled this week, down -9.2% on last week (1,052) and -6.0% lower than this time last year (1,016).
There are 820 auctions scheduled in Sydney, down -6.2% week-on-week (874). Over the same week last year, 898 homes were taken to auction.
Across the smaller capitals, Brisbane is set to be the busiest city with 152 homes scheduled for auction, down from 156 last week. There are 147 auctions scheduled in Adelaide, down from 153 last week, while Canberra is set to see 44 homes taken to auction, down from 70 last week. There are 11 auctions scheduled in Perth, compared to 10 last week, while Tasmania is set to see three homes taken to auction.
The complete Auction Market Preview for the week ending 8 September 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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