auction update

Second biggest auction week ahead

Upcoming auctions

By Kaytlin Ezzy, Research Analyst

Predicted auction volumes remain strong this week with expected capital city volumes in excess of 3,000 for the fourth consecutive week. With 3,643 capital city homes scheduled to go under the hammer, this week is set to be the second busiest of the year and the busiest since late March.

> This week, 1,588 auctions are scheduled across Melbourne, up 13.6% from last week and more than double the 604 auctions recorded this time last year.

> With 1,332 auctions scheduled across Sydney, this week is set to overtake last week as its busiest since late March. This will be the third consecutive week Sydney will host auctions in excess of 1,000.

> Across the smaller combined capitals, Brisbane is set to host the most auctions (290); its busiest week since November 2014.  If all their scheduled auctions go ahead this week, both Adelaide (246) and Canberra (161) will have their busiest auction weeks since CoreLogic records commenced in 2008. Perth is predicted to host 21 auctions this week, while five homes are scheduled for auction in Tasmania.

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