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The number of homes taken to auction across the combined capitals doubled last week, with 2,436 homes taken under the hammer. A string of public holidays saw just 1,198 homes auctioned the week prior, while 1,815 auctions were held this time last

After initially expecting the busiest week since May-2022 in the lead up to Easter, the actual number of capital city homes taken to auction over

There were 2,393 homes taken to auction across the combined capital cities this week, up 29.6% from last week (1,846), however 29.3% lower than this

Combined clearance rate holds above 70% despite increased activity across the capitals

With 2,550 homes auctioned across the capitals, last week overtook the week prior (2,314) as the combined capital’s busiest week since before Easter (2,687) and the second busiest of the year so far.

Capital city auction activity almost doubled this week following the quieter long weekend last week. It is the highest number of auctions in 11 weeks, with 1,951 homes scheduled.

Auction activity holds steady as the combined capitals preliminary clearance rate ticks higher

After hosting the busiest auction week since late May the week prior, capital city auction activity softened this week, ahead of the festive period's seasonal

Citing ongoing concerns about inflationary conditions, and the potential for tight labour markets to fuel further domestic inflation, the RBA continued along its less aggressive

The latest 50 basis point hike takes the cash rate to 1.35%, 125 basis points higher relative to the emergency lows of 0.1% seen before