There are 1,973 capital city homes currently scheduled for auction this week, up 11.0% from last week (1,777) and in line with the same week last year (1,973). 

Melbourne is set to be the busiest auction market again this week, with 857 homes currently scheduled for auction, up 11.7% from last week (767), and just -1.5% lower than one year ago (870).

There are 740 auctions scheduled in Sydney this week, up 22.3% from last week when 605 auctions were held, and -1.2% lower than this week last year (749).

Across the smaller capitals, Brisbane is set to see 205 homes taken to auction, compared to 208 last week.

There are 125 auctions currently scheduled in Adelaide, down from 139, while in Canberra, 33 homes are set to go under the hammer, down from 49.

There are 12 auctions scheduled in Perth, up from nine last week, while there is just one auction on the radar in Tasmania.

Next week will see fewer homes taken to auction, with around 1,760 capital city homes currently set to go under the hammer. The Bank Holiday long weekend in New South Wales may be impacting Sydney’s auction volumes, with 618 homes currently set for auction across the city.

Summary of last week’s results

Last week saw 1,777 homes taken to auction across the combined capitals, up 17.5% from the previous week (1,512), and 2.5% higher than this time last year (1,734).

The combined capital city final clearance rate came in at 62.0%, down -1.2 percentage points from the previous week (63.2%) and -4.1 percentage points lower than this week last year (66.1%). This is tied with the week ending 9th June as the lowest clearance rate recorded so far this year.

There were 605 homes taken to auction across Sydney last week, up 8.0% on the week prior (560) and -12.9% lower than this time last year (695). Sydney’s final clearance rate came in at 65.3%, after the previous week (61.4%) recorded the lowest clearance rate so far this year. Over the same week last year, 67.7% of Sydney auctions were successful. 

In Melbourne, 767 homes were taken to auction last week, up 22.1% on the previous week (628). Melbourne’s final clearance rate came in at 57.2%, down from 62.4% over the week prior. This is the second lowest clearance rate so far this year, behind the week ending 9th June (55.6%), and just the second time all year that the clearance rate has fallen below 60.0%. One year ago, 681 homes were taken to auction across the city and a clearance rate of 64.6% was recorded.

Brisbane (208) was the busiest auction market across the smaller capitals last week, followed by Adelaide (139) and Canberra (49). Adelaide (76.3%) recorded the highest clearance rate, followed by Brisbane (61.5%) and Canberra (59.2%).

There were just nine auctions in Perth, six of which were successful, while 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, please see the attached PDF.

Related readings

Winter school holidays see auction volumes drop - 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

Solid bounce back in preliminary clearance rate to 75.9% - CoreLogic