Just over 2,300 auctions set to take place across the combined capitals

There are 2,329 capital city homes currently scheduled for auction this week, up 76.8% from last week when just 1,317 auctions were held. The lower volumes last week were attributed to the King’s Birthday long weekend in six of the eight states and territories. This time last year, 1,945 auctions were held across the combined capital cities.

The number of homes taken to auction across Melbourne is expected to rise above 1,000 again this week with 1,085 homes currently set to go under the hammer, after dipping to just 488 last week. This time last year, 864 auctions were held across the city.

There are 860 auctions scheduled in Sydney this week, up from 523 last week and 764 this time last year.

Across the smaller capitals, Brisbane is set to host the most auctions this week (195), up from 126 last week and 139 this time last year. There are 118 auctions scheduled in Adelaide, up from 97 last week and 108 last year, while Canberra is set to host 55 auctions, compared to 67 last week and 52 one year ago. There are 14 auctions scheduled in Perth, one more than last week (15) and in line with this time last year (14), while there are just two auctions scheduled in Tasmania, compared to one last week and four one year ago.

An early view of auction numbers suggests there are just shy of 2,100 homes currently scheduled for auction across the combined capitals next week.

The complete Auction Market Preview for the week ending 16 June 2024 can be downloaded below.

Auction Market Preview

Source:  Corelogic RP Data