02 Aug

• 10% of sellers reschedule
  
• Brisbane lockdown creates a scramble
  
• Sydney ‘resilient’ in lockdown

Brisbane’s last-minute lockdown on Saturday created some auction chaos with auctions being rapidly bought forward or canceled.  The true impact on Brisbane’s auction market will become evident in the weeks ahead. Nationally, there were 2,077 homes originally scheduled to go to auction this week across the combined capital cities, however, this has been revised down to 1,806 auctions as a portion are rescheduled to a later date.  In Melbourne, 679 homes were taken to auction this week, Sydney has remained rather resilient despite its prolonged lockdown. Canberra was the best performing of the smaller auction markets this week, followed by Adelaide. 

Watch the most comprehensive and up-to-date report on auction activity around Australia – powered by CoreLogic – with Eliza Owen exclusively on Realty Media’s Realty Talk.  See all our shows at Realty.com.au