Auction Market Preview

Auction volumes steady for fourth consecutive week

There are 1,951 capital city homes scheduled for auction this week, with volumes holding between 1,900-2,000 for four consecutive weeks. There were 1,900 homes taken to auction last week, while 1,978 homes were taken to auction the week before last. One year ago, 1,739 auctions were held across the combined capital cities.

Melbourne's weekly auction numbers are set to fall slightly (-3.9%), with 871 auctions currently scheduled across the city, down from 906 last week. This time last year, 737 Melbourne homes were taken to auction.

There are currently 693 auctions scheduled in Sydney this week, up 15.1% on last week when 602 auctions were held across the city. One year ago, 570 homes were taken to auction.

Across the smaller capitals, Brisbane is set to host 163 auctions this week, down -5.8% week-on-week (173). Adelaide is also expecting to see fewer homes taken to auction this week (133) compared to last (167), as is Perth with 13 auctions scheduled, down from 9.  Canberra is actually set to see auction volumes increase with 76 auctions currently scheduled, up 85.4% week-on-week (41). Tasmania's weekly auction count is set to hold steady with two auctions scheduled.

An early view of next week's auction volumes shows around 2,235 capital city homes are currently scheduled for auction.

The complete Auction Market Preview for the week ending 28 April 2024 can be downloaded below.

/_files/auction-preview-week-ending-28-april-2024.pdf

Source: CoreLogic