Auction activity is set to be lower across the combined capital cities this week as scheduled volumes plummet across Melbourne.
Firstly let’s look at the final auction clearance rates from around the country. Sydney 64.2% Melbourne 40.6% Brisbane 44.4% Adelaide 71.2% Perth 28.6% and Canberra topping the nation again at 77.9%. As we said at the top of the show auction numbers in Melbourne have plummeted this week. Let’s look at the auction activity in the week ahead. There are 937 capital city auctions being tracked by CoreLogic this week down from 1128 last week. In Melbourne, only 30 properties are expected to be auctioned this week as the city enters its fifth week in stage four lockdown . There are 676 Sydney homes scheduled for auction this week down from 706 last week and across the smaller auction markets Canberra is set to hold the most auctions this week at 80 followed by Brisbane 65 Adelaide 64 and Perth 18. That’s all for now. We’ll be back with the first round of preliminary results on Monday on behalf of CoreLogic.
We broadcast the most comprehensive and up to date report on auction activity around Australia – powered by CoreLogic – every Friday and Monday exclusively on Realty Media’s Real Estate Talk. See all our shows at Realty.com.au