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Nearly 1,800 homes are expected to go under the hammer this coming week, according to CoreLogic.
The week ending 30 April 2023 will see 1,793 auctions take place across the country, up 24.5 per cent from the 1,440 recorded last week, which also saw a 64.9 per cent final clearance rate.
Melbourne is expected to be the busiest capital city market this week as 759 homes are expected to go under the hammer, up by 20.7 per cent on the 629 auctions held a week earlier.
Last week, the Victorian capital saw 68 per cent of auctions return a positive result, led by the city’s inner east, which saw a final clearance rate of 79 per cent recorded from 62 auctions. Conversely, Melbourne’s west, where 55 per cent of its 91 auctions were successful, was the city’s poorest-performing sub-region.
Across Sydney, 605 homes are scheduled to go under the hammer this coming week, up from 574 last week, when the city recorded a final clearance rate of 65.1 per cent, which coincided with a rise in the rate of withdrawals and properties passed in.
The city and inner south was the strongest-performing sub-region in the NSW capital, with 80.3 per cent of its 67 auctions successful, while the Central Coast, which saw a final clearance rate of 35.7 per cent from 14 auctions was the city’s poorest-performing sub-region.
Activity is expected to more than double in Brisbane from 96 to 200 auctions, making it the busiest smaller capital city market. Adelaide is expecting 151 homes to go under the hammer this coming week, up from 68 last week, while 56 auctions are set to occur in the national capital, Canberra.
In Perth, 19 homes are scheduled for auction this week, and three homes in Tasmania are currently scheduled to go under the hammer.
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