- Auction numbers up on last week
- Sellers show confidence
- Buyers expected to emerge
This week, 1,226 capital city auctions are currently being tracked by CoreLogic, increasing from the 1,181 auctions held last week at final results. One year ago, a higher 1,484 auctions took place across the capital cities.
Melbourne is expected to see a rise in activity this week, with 542 homes scheduled for auction across the city, up from the 471 auctions held last week, although down on the 635 one year ago.
Activity is set to remain relatively steady across Sydney this week, with 532 scheduled auctions, down from the 545 homes taken to auction last week and only slightly lower than the 558 last year.
The smaller auction markets are all set to see fewer auctions held week on week, with the exception of Brisbane where scheduled volumes are higher.
We broadcast the most comprehensive and up to date report on auction activity around Australia – powered by CoreLogic – every Friday and Monday. Watch Kevin Brogan’s reports exclusively on Real Estate Talk’s Auction Update and a look inside some of the nation’s most recently sold auction properties.