Melbourne auction volumes set to rise above 1,000 for the first time this year
There are currently 2,525 capital city homes scheduled for auction this week, up 32.4% on last week when 1,907 auctions were held, but -11.5% lower than this time last year (2,853). If all of these auctions go ahead, it will be the busiest auction week since the week ending 8th December 2024 (2,617).
More than 1,100 auctions are currently scheduled in Melbourne this week (1,139), rising above 1,000 for the first time this year. This is up 39.8% on last week when 815 auctions were held, but -21.8% lower than one year ago (1,457).
Sydney is expecting to see just under 1,000 homes go under the hammer this week, with 991 auctions currently scheduled across the city, up 29.2% on last week (767), and just 0.7% higher than one year ago (984).
Across the smaller capitals, Adelaide is expected to be the busiest auction market with 161 homes set to go under the hammer, up 46.4% week-on-week (110). Brisbane is expected to see around 139 homes taken to auction, down -6.7% from last week (149), while Canberra is set to host 82 auctions this week, up 43.9% on last week when 57 auctions were held. There are 12 auctions scheduled in Perth, up from eight last week, while there is only one auction scheduled in Tasmania again this week.
We are expecting to see a similar number of homes taken to auction next week with just over 2,500 auctions currently scheduled across the combined capital cities.
The complete Auction Market Preview for the week ending 23 February 2025 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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