There are currently 2,968 capital city homes scheduled for auction this week, compared to 2,848 last week and 2,990 this time last year.

Melbourne is set to host 1,330 auctions this week, in line with last week (1,330). This time last year, 1,410 auctions were held across the city.

There are 1,186 auctions scheduled in Sydney this week, up from 1,062 last week and 1,063 this time last year.

Across the smaller capitals, Brisbane is set to host the most auctions (189) followed by Adelaide (158), Canberra (85), Perth (18) and Tasmania (2).

Next week will see fewer auctions, with around 2,550 homes currently scheduled to go under the hammer across the combined capital cities.

Summary of last week’s results

Last week saw 2,848 homes go under the hammer across the combined capitals, up from 1,972 over the previous week and 2,656 this time last year.

The combined capital city clearance rate has held below 60% for five of the last six weeks, coming in at 58.4% last week, up from 56.3% over the previous week. This time last year, 63.1% of reported auctions were successful.

There were 1,330 auctions in Melbourne last week, up from 474 over the previous week. Melbourne’s clearance rate nudged higher last week, coming in at 59.0%, up from 58.1%. Over the same week last year, 1,181 homes were taken to auction and a clearance rate of 60.7% was recorded.

There were 1,062 homes taken to auction across Sydney last week, compared to 1,036 over the previous week and 1,020 this time last year. Sydney’s final clearance rate came in at 59.8% last week, up from 57.2% over the previous week, while this time last year, 64.2% of Sydney auctions were successful.

Brisbane (173) was the busiest auction market across the smaller capitals last week, followed by Adelaide (157), Canberra (100) and Perth (23).

Adelaide recorded the highest clearance rate at 63.6%, followed by Perth (57.1%) and Canberra (49.5%). Brisbane’s clearance rate came in at 46.2% last week, the lowest clearance rate the city has seen since April 2023 (42.6%). There were three auctions in Tasmania, two of which were 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 readings

More than 3,000 homes taken to auction across the combined capitals - CoreLogic

Preliminary clearance rate improves week-on-week - CoreLogic

More than 2,600 homes set for auction across combined capitals - CoreLogic

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