Auction capitals go strong this week

Melbourne real estate agents and buyers are gearing up for a busy weekend with no less than 1,313 properties set to go under the hammer.

In fact, auction volumes are expected to rise across the combined capital cities this week with CoreLogic currently tracking 2,495 auctions, up from last week’s 2,128 auctions held, although lower than the 3,026 auctions one year ago.

In Melbourne, there is expected to be a 20% increase in auction activity over the week with 1,313 homes currently scheduled to go under the hammer.  Over the same week last year, a higher 1,612 homes were taken to auction across the city.

Sydney is also set to host a higher volume of auctions week-on-week with 865 auctions scheduled to go under the hammer, up from 768 last week, although lower than this time last year (1,087). 

Across the smaller auction markets, Perth is expecting fewer auctions week-on-week, while Adelaide, Brisbane, Canberra, and Tasmania are set to see volumes rise over the week.

For a complete rundown on the weekend results and a look inside some of the top weekend sales, join CoreLogic’s Eliza Owen on Monday at 5pm (Syd) for the Realty Auction Update.  If you miss it live, watch in catch up anytime at Real Estate Talk

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