The combined capital cities are expected to see a rise in auction activity this week, with 1,860 homes scheduled to go under the hammer, up on the 1,761 auctions held last week. The increase in volumes over the week are attributable to a rise across Melbourne and Perth with the remaining capital cities showing a lower number of scheduled auctions over the week.

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Melbourne is set to host 840 auctions this week, up on the 656 auctions held last week.

In Sydney, the city continues to show a resilient auction market with volumes remaining relatively steady throughout the lockdown to date. The city is expected to host 620 auctions this week, down on the 671 last week.

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Of the smaller auction markets, Perth is the only city set to see a rise in volumes over the week, with 22 auctions currently scheduled.  Brisbane was expected to be the busiest of the smaller capital cities this week, however with the current lockdown extended to Sunday afternoon, a large portion of these will likely be postponed.

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For more information, visit www.corelogic.com.au.

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