Uplift in activity with 1,877 capital city auctions scheduled
- Written by Corelogic
There are currently 1,877 homes scheduled for auction across the combined capital cities this week, up 16.5% from the previous week when 1,611 auctions were held, and 6.4% higher than this time last year (1,764).
Melbourne is expected to be the busiest auction market this week, with 768 homes scheduled to go under the hammer, up 20.0% from the previous week (640), although -12.3% lower than this time last year (876).
Sydney is set to host 710 auctions this week, up 15.4% from the previous week (615), and 38.1% higher than this time last year (514).
Brisbane is expecting the busiest week amongst the smaller capitals, with 155 auctions scheduled across the city, followed by Adelaide (122) and Canberra (104). Perth is set to host 14 auctions, while four auctions are scheduled to occur in Tasmania this week.
Summary of results - week ending 14 August 2022
Last week, 1,611 homes were taken to auction across the combined capital cities, up 9.5% from the previous week (1,471), although -11.6% lower than this time last year when 1,822 auctions were held. All but four results were collected last week returning a final clearance rate of 56.0%, compared to 56.6% over the previous week and 70.0% this time last year.
