There are 2,333 capital city homes currently scheduled for auction this week, up 10.2% on last week (2,118). This time last year, 2,286 homes were taken to auction across the combined capitals.

Melbourne is set to be the busiest auction market, with volumes expected to exceed 1,000 for the first time since the week ending 16th June (1,083). With 1,022 auctions on the radar this week, volumes are 9.0% higher than the previous week (938) and 1.3% higher than the same week last year (1,009).  

There are 930 auctions scheduled in Sydney, up 14.0% week-on-week (816). This is set to be the busiest week the city has seen since the week prior to Easter (1,199). Over the same week last year, 913 homes were taken to auction.

Across the smaller capitals, Brisbane is the only city expected to see an increase in auction volumes week-on-week with 166 homes set to go under the hammer, up from 137 last week.

There are 143 auctions scheduled in Adelaide this week, down from 150 last week, while there are 65 auctions scheduled in Canberra, in line with last week. There are seven auctions scheduled in Perth, down from 11 last week, while there are no auctions on the radar in Tasmania this week.

There are around 2,130 homes currently scheduled for auction across the combined capitals next week.

Summary of last week’s results

There were 2,118 homes taken to auction across the combined capitals last week, holding above 2,000 for the second consecutive week. The previous week saw 2,065 homes taken to auction while this time last year, 2,278 auctions were held across the combined capitals.

The final clearance rate came in at 64.6%, down just -20 basis points week-on-week (64.8%) and -2.2 percentage points lower than this week last year (66.8%).

In Melbourne, 938 homes were taken to auction last week, up 6.1% on the previous week (884), making it the busiest auction week since the week ending 23rd June (975).

Melbourne’s final clearance rate came in at 61.7%, up from 61.0% over the previous week. One year ago, 1,072 homes were taken to auction across the city and a clearance rate of 64.7% was recorded.

There were 816 homes taken to auction across Sydney last week, up 7.9% on the week prior (756) and -5.9% lower than this time last year (867). Like Melbourne, this was Sydney’s busiest auction week since the week ending 23rd June (844).

Sydney’s final clearance rate came in at 66.7% last week, down from 67.6% over the previous week and 69.1% this time last year.

Adelaide (150) was the busiest auction market across the smaller capitals last week, followed by Brisbane (137), Canberra (65) and Perth (11). Adelaide recorded the highest clearance rate at 79.7%, followed by Brisbane (60.6%), Perth (60.0%) and Canberra (53.8%).

There was just one auction held in Tasmania last week which was successful.

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

Related reading

Preliminary clearance rate nudges higher week-on-week - 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