Sydney leads auction activity ramp-up
The number of auctions scheduled is moving through a seasonal upswing ahead of the usual peak in the weak prior to Easter, with 2,728 auctions currently expected across the combined capital. Up 14.2% from the 2,388 auctions held last week, this week is slated to be the combined capitals' third busiest of the year so far, behind the weeks ending February 23rd (2,751) and March 2nd (2,749). This time last year, auction activity was much quieter due to the Easter long weekend, with just 901 homes auctioned across the capitals.
Sydney is set to host its busiest auction week of the year so far, with 1,144 homes scheduled to go under the hammer. Up 41.2% from the 810 held the previous week, Sydney's week-on-week increase is the highest among the capitals.
There are 1,172 auctions scheduled in Melbourne this week, with auction activity set to hold above the 1,000 mark for the third consecutive week. Last week saw 1,221 auctions held across the city, while this time last year, just 283 homes went under the hammer.
Auction activity across the smaller capitals is set to rise, with increases in Adelaide (25.6%) and Brisbane (22.1%) outweighing declines in Canberra (-14.1%). Brisbane (177) is expecting the busiest auction week among the smaller capitals, followed by Adelaide (152) and Canberra (67). Perth is set to host 13 auctions this week, up from 11 last week, while three homes are scheduled for auction in Tasmania.
The complete Auction Market Preview for the week ending 30 March 2025 can be downloaded below.
Auction Market Preview
Meet Kaytlin Ezzy
Economist
Kaytlin Ezzy is an Economist at CoreLogic, Australia’s leading property data, information, analytics and services provider.
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