There are 2,132 capital city homes currently scheduled for auction this week, down -7.9% on last week (2,315). This time last year, 2,275 homes were taken to auction across the combined capitals. While down over the week, auction activity is set to increase with weekly auction numbers expected to hold around 2,500 for the next two weeks.

Melbourne is set to be the busiest auction market, with 955 auctions scheduled this week, down -9.2% on last week (1,052) and -6.0% lower than this time last year (1,016).

There are 820 auctions scheduled in Sydney, down -6.2% week-on-week (874). Over the same week last year, 898 homes were taken to auction.

Across the smaller capitals, Brisbane is set to be the busiest city with 152 homes scheduled for auction, down from 156 last week. There are 147 auctions scheduled in Adelaide, down from 153 last week, while Canberra is set to see 44 homes taken to auction, down from 70 last week. There are 11 auctions scheduled in Perth, compared to 10 last week, while Tasmania is set to see three homes taken to auction.

Summary of last week’s results

 

There were 2,315 homes taken to auction across the combined capitals last week, up 9.3% on the previous week (2,118) and 1.3% higher than this time last year (2,286). The final clearance rate came in at 64.4%, down just -20 basis points week-on-week (64.6%) and -1.0 percentage point lower than this week last year (65.4%).

In Melbourne, 1,052 homes were taken to auction, up 12.2% on the previous week (938), making it the busiest auction week since mid-June (1,083).

Melbourne’s final clearance rate came in at 62.9%, up from 61.7% over the previous week, the strongest clearance rate the city has seen since the week ending 23rd June (66.5%). One year ago, 1,009 homes were taken to auction across the city and a clearance rate of 63.8% was recorded.

There were 874 homes taken to auction across Sydney, up 7.1% on the week prior (816) and -4.3% lower than this time last year (913). This was Sydney’s busiest auction week since the week ending 2nd June (899). Sydney’s final clearance rate came in at 65.3% last week, down from 66.7% over the previous week and 68.2% this time last year.

Brisbane (156) was the busiest auction market across the smaller capitals last week, followed by Adelaide (153), Canberra (70) and Perth (10). Adelaide recorded the highest clearance rate at 77.1%, followed by Perth (70.0%), Brisbane (59.0%) and Canberra (57.1%). There were no auctions in Tasmania last week.

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

Related readings 

Auction activity up 10.2% across the combined capitals - CoreLogic 

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