There are 2,609 capital city homes scheduled for auction this week, compared to 2,598 last week and 2,463 this time one year ago.

Melbourne is set to see auction volumes hold above 1,000 for the third consecutive week with 1,111 homes scheduled to go under the hammer, compared to 1,091 last week and 1,139 this time last year.

There are 1,036 auctions scheduled in Sydney this week, overtaking last week as the third busiest auction week of the year so far. Last week saw 1,018 auctions held across the city, while this time last year, 888 homes went under the hammer.

Across the smaller capitals, Brisbane is set to host its second busiest auction week of the year so far, with 231 homes scheduled for auction, up from 215 last week.

There are 144 auctions scheduled in Adelaide, down from 169 last week, while Canberra is set to see 69 homes go under the hammer, down from 90 one week ago.  

There are 17 auctions scheduled in Perth, up from 13 last week, while there is just one auction on the radar in Tasmania, down from two last week.

Next week will see capital city auction volumes soar above 3,000 for just the second time this year, with around 3,200 homes currently scheduled for auction.

This will be the second busiest auction week of the year to date, behind the week leading up to Easter (3,519).

Summary of last week’s results

Last week saw 2,598 homes go under the hammer across the combined capitals, the sixth busiest auction week of the year to date.

The previous week saw 1,955 homes taken to auction, while this time last year, 2,275 auctions were held across the combined capitals.

The combined capital city clearance rate nudged back up above 60% this week (60.8%), after the previous week saw the clearance rate slip below 60% for the first time this year (59.5%). Over the same week last year, 65.2% of reported auctions were successful. 

There were 1,091 auctions in Melbourne last week, compared to 1,095 over the previous week and 1,029 this time last year. Melbourne’s clearance rate held below 60% for the fourth consecutive week, coming in at 57.6% last week, down from 59.4% over the previous week.

One year ago, Melbourne reported a clearance rate of 64.3%.There were 1,018 homes taken to auction across Sydney last week, up from 524 over the previous week (Labour Day long weekend) and 892 this time last year.

Last week saw Sydney’s final clearance rate bounce back (63.0%) after the previous week saw the clearance rate slip below 60% for the first time this year (57.6%). Over the same week last year, 66.8% of Sydney auctions were successful.   

Brisbane (215) was the busiest auction market across the smaller capitals last week, followed by Adelaide (169), Canberra (90) and Perth (13).

Adelaide recorded the highest clearance rate at 69.8%, followed by Canberra (64.4%), Brisbane (59.1%) and Perth (53.8%). There were two auctions in Tasmania last week, both of which passed in.

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 readings

Second busiest auction week of the spring selling season - CoreLogic

Auction volumes on the rise across the combined capitals - CoreLogic

Just over 2,000 capital city homes scheduled for auction - CoreLogic

Preliminary clearance rate holds up amid rising auction volumes - CoreLogic

Slight dip in auction volumes over first week of spring - CoreLogic

Auction activity up 10.2% across the combined capitals - CoreLogic