By Caitlin Fono, Research Analyst, CoreLogic Australia

There are 1,980 capital city homes currently scheduled for auction, similar to last week (1,985) although up from this time last year when 1,708 auctions were held.

In Sydney, 854 homes are scheduled to go under the hammer, just 5 more than last week when 849 auctions were held across the city. Over the same week last year, 678 Sydney homes were taken to auction.

Melbourne is set to be the busiest auction market this week with 867 homes scheduled for auction, up from 812 last week and 714 this time last year.

Across the smaller capital cities, Brisbane is set to host 104 auctions this week, down from 123 last week. There are 76 auctions scheduled in Canberra, up from 69, followed closely by Adelaide where 73 auctions are scheduled, down from 122. There are just four homes set for auction in Perth, compared to nine last week, while two auctions are scheduled in Tasmania, up from just one last week.

An early view of auction volumes show just over 1,850 homes will be taken to auction across the combined capital cities next week.