Long weekend in Victoria sees auction volume dip
There are currently 1,629 capital city homes scheduled for auction this week, down -40.7% on last week when 2,749 auctions were held, and -6.6% lower than this time last year (1,745). While four of the eight states and territories have public holidays on Monday, the drop in volume is largely due to the Labour Day long weekend in Victoria.
In Melbourne, just 424 homes are currently scheduled for auction this week, down -69.3% on last week when 1,381 auctions were held, and -14.5% lower than the same week last year (496). This is the quietest auction week the city has seen since late-January (223) and can be attributed to the Labour Day long weekend.
Sydney is expecting to see auction activity fall around -8.1% this week, with 878 homes currently scheduled for auction. Last week saw 955 auctions held, while this time last year, 898 homes went under the hammer across the city.
Across the smaller capitals, Brisbane is expected to be the busiest auction market with 148 homes set to go under the hammer, down -20.0% week-on-week (185), although this may change given the current cyclone warning across the city. Adelaide is expected to see around 111 homes taken to auction, down from 137 last week, while Canberra is set to host 56 auctions this week, down -28.2% on last week when 78 auctions were held. There are 11 auctions scheduled in Perth, in line with the previous week, while there is just one auction scheduled in Tasmania this week, compared to two last week.
Auction volume will pick up again next week, with just under 2,300 homes currently scheduled to go under the hammer across the combined capitals.
The complete Auction Market Preview for the week ending 9 March 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.
Full profile