There are 1,780 capital city homes currently scheduled for auction this week, down -9.9% from last week (1,975). Over the same week last year, 1,746 homes were taken to auction.

Melbourne is set to be the busiest auction market this week, with 822 homes currently scheduled for auction, compared to 870 last week and 772 this time last year. 

The upcoming Bank Holiday long weekend may be impacting auction volumes in Sydney this week with just 627 auctions currently scheduled across the city. This is down from 721 last week and 692 over the same week last year.

Across the smaller capitals, Adelaide is set to see 139 homes taken to auction, followed closely by Brisbane where 136 auctions are currently scheduled. Canberra is expecting to see 44 homes taken to auction this week, while there are 11 auctions scheduled in Perth and just one scheduled in Tasmania.

Next week will see auction activity rise again, with around 1,860 capital city homes currently set to go under the hammer.

Summary of last week’s results

Last week saw 1,975 homes taken to auction across the combined capitals, up 11.1% from the previous week (1,777), but similar to the numbers seen this time last year (1,973).

The combined capital city final clearance rate came in at 65.1%, up 3.1 percentage points on the previous week (62.0%) and 20 basis points higher than this week last year (64.9%).

In Melbourne, 870 homes were taken to auction last week, up 13.4% on the previous week (767). Melbourne’s final clearance rate came in at 62.3%, up 5.1 percentage points on the previous week (57.2%) when Melbourne recorded the second lowest clearance rate of the year so far.

One year ago, 870 homes were taken to auction across the city and a clearance rate of 63.7% was recorded.

There were 721 homes taken to auction across Sydney last week, up 19.2% on the week prior (605) but -3.7% lower than this time last year (749). Sydney’s final clearance rate came in at 68.5%, up 3.2 percentage points on the previous week (65.3%) and 1.8 percentage points higher than this time last year (66.7%). 

Brisbane (199) was the busiest auction market across the smaller capitals last week, followed by Adelaide (128) and Canberra (41). Adelaide recorded the highest clearance rate at 81.3%, followed by Perth (66.7%), Brisbane (57.3%) and Canberra (53.7%). There was just one auction in Tasmania last week which was unsuccessful.

For the full Auction Market Preview, which includes a summary of last week’s clearance rates by sub-region, please click here.

Related readings

Winter school holidays see auction volumes drop - CoreLogic 

Just under 2,100 homes set for auction across the combined capitals - CoreLogic

Resilient Clearance Rates Despite Higher Volumes - CoreLogic

Preliminary clearance rate falls to 67.3% across the combined capitals - CoreLogic

Auction volumes hold steady week-on-week across the combined capitals - Corelogic

Solid bounce back in preliminary clearance rate to 75.9% - CoreLogic