The combined capital cities are expected to see quite a significant rise in the number of homes taken to auction this week, with CoreLogic currently tracking 2,364 scheduled auctions, up from the 1,596 auctions held last week according to final figures. 

Melbourne is the busiest city for auctions this week, with 1,163 auctions being tracked so far, up 56 per cent on last week, and higher than this time last year when 1,128 homes
were taken to auction across the city. 

Sydney has 924 homes scheduled for auction this week; an increase of 58 per cent on last week’s final figures (583). 

At a Glance:

• 2,364 scheduled auctions for this weekend
• Melbourne is the busiest city for auctions with 1,163 auctions for this week
• Last week had a final clearance rate of 73.3 per cent

Over the same week last year Sydney was host to a lower 801 auctions. 

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146 Barcom Avenue, Darlinghurst is to go for auction this weekend through James Perlowski, Ted Pye and Mark Foy of Belle Property. Source: Belle Property

Across the smaller auction markets, Canberra and Perth are set to see volumes rise over the week while auction numbers across Adelaide and Brisbane are lower week-on-week. 

Last week, as auction volumes rose so too did the combined capital city final auction clearance rate, coming in with a 73.3 per cent success rate across the 1,596 auctions held.

Not only was this an improvement on the 67.7 per cent clearance rate over the week prior when 1,167 auctions were held, but a higher result from one year ago when 1,450 homes
went to auction and 51.2 per cent returned a successful result. 

Melbourne was the busiest city in terms of auction activity with 743 homes taken to auction last week, returning a final clearance rate of 76 per cent.

Over the previous week, 419 auctions were held and the clearance rate was recorded at 68.5 per cent.

This time last year, 657 homes were taken to auction across the city when just over half were successful (52.5 per cent). 

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Source: CoreLogic

There were 583 homes taken to auction in Sydney last week returning a clearance rate of 75.4 per cent, while over the previous week, 447 homes were taken to auction and a
clearance rate of 77.6 per cent was recorded.

This time last year 523 auctions were held returning a much lower 54.6 per cent success rate.

Across the smaller auction markets, Canberra was the best performing auction market last week, in terms of clearance rate with 79.5 per cent of the 49 homes auctioned reporting a
sold result.

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