Cyndy Chan

Posted on 21 May 2024

Auction Market Preview


Auction volumes down slightly across the combined capitals

There are 2,151 capital city homes currently scheduled for auction this week, down -3.8% from last week when 2,237 auctions were held, although 12.0% higher than this time last year (1,921).

Melbourne is set to see auction volumes drop -11.3% this week with 979 auctions currently scheduled, down from 1,104 last week. This week’s expected volumes are 14.2% higher than the same week last year when 857 auctions were held across the city.

Sydney is expecting 778 auctions this week, just five more than last week when 773 auctions were held. This time last year, 747 Sydney homes were taken to auction.

Across the smaller capitals, Brisbane (173) and Adelaide (151) are expecting to see an increase in auction volumes week-on-week, up 13.1% and 26.9% respectively. Meanwhile, Canberra (66) and Perth (4) will see fewer auctions week-on-week. There are no auctions on the radar in Tasmania this week.

Auction activity is expected to increase next week, with just under 2,250 auctions currently scheduled across the combined capital cities.


sourced from core logic

Auction Market Preview - 19 May 2024 | CoreLogic Australia