Auction numbers across the combined capitals are set to more than double this week following the election week slump. There are 3,382 homes scheduled to go under the hammer across the combined capitals compared to last week’s 1,672. It will be the third busiest week of the year and an increase on the same time last year, when 2,905 auctions were held across the combined capitals.

In Melbourne, 1,487 homes are set to go to auction across the city. Compared to the week prior (712) this week’s auction activity is up 108.8%, and a 19.3% increase from the 1,246 auctions held this time last year.

In Sydney, auction volumes are expected to exceed 1,000 for the first time in seven weeks with 1,233 auctions scheduled to occur this week. This week’s auction activity is up 131.8% from the 532 auctions held the previous week, and up 5.0% from the 1,174 held this time last year.

Across the smaller capitals, 260 homes are scheduled to go under the hammer in Brisbane, marking the city’s busiest auction week since mid-December 2021 when 354 homes were auctioned across the city. Adelaide is set to host 230 auctions this week, up 17.9% from the week prior, while Canberra’s 147 scheduled auctions are up 61.5% week on week. In Perth, 21 homes are scheduled to go under the hammer and four auctions are scheduled in Tasmania this week.