Combined capital city auction numbers expected to rise 13% week-on-week
Auction activity is expected to increase around 13% week-on-week across the combined capitals with 1,571 homes currently scheduled for auction, up from 1,390 last week. Over the same week last year, 1,642 capital city homes were taken to auction.
There are currently 633 auctions scheduled in Sydney this week, up 39.7% on last week (453). This time last year, 647 homes were taken to auction across the city.
Melbourne is expected to host around 561 auctions this week, up 16.1% from last week when 483 auctions were held. This time last year, 664 Melbourne homes went to auction.
Auction volumes are set to fall across the smaller capitals, with the exception of Brisbane and Tasmania. Brisbane currently has the highest number of scheduled auctions at 209, up from 162 last week, while in Adelaide, 107 homes are scheduled for auction, down from 150 last week. Canberra is set to host around 51 auctions, down from 131. There are seven auctions scheduled in Perth this week, down from 11 last week, while there are three auctions scheduled in Tasmania, after last week saw no auction activity.
There are currently just over 1,750 capital city homes set for auction across the combined capital cities next week.
The complete Auction Market Preview for the week ending 9 February 2025 can be downloaded below.