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Despite the uncertainty around the impending federal election this weekend, auction volumes rose week-on-week in almost every capital city market.
Cotality’s latest Auction Market Preview shows that auction volumes across the country are expected to rise from the previous week.
For the week ending 4 May 2025, Cotality data found that 1,508 homes are scheduled for auction across the capital cities.
This week’s auction numbers mark an increase from the 1,076 auctions held in the week ending 27 April 2025 when the activity was hindered by the Anzac Day long weekend.
Despite the increase in auction activity, Cotality noted that this week’s volume is still likely to be impacted by tomorrow’s federal election on 3 May 2025.
Melbourne is set to be the busiest auction market this week, with 669 homes going under the hammer, marking an increase from the 464 homes taken to auction last week, but fewer than the 1,057 auctions held one year prior.
Sydney’s auction volume is also expected to increase, with 576 properties scheduled for auction, up from the 399 homes taken to auction last week, but fewer than the 755 auctions held this time last year.
Within the smaller capital cities, Brisbane is set to have the highest activity with 102 homes slated for auction, marking an increase from the 97 properties taken to auction last week.
Adelaide’s auction volume has risen week on week, with the city’s 97 homes registering higher than the previous week’s 81 recorded auctions.
Canberra’s 50 properties currently scheduled for auction represent an increase from the 30 properties that were taken to auction last week.
Perth currently has 14 homes scheduled for auction, up from the previous week when just five homes were taken to auction.
No auctions are currently expected to take place in Tasmania, marking the market’s third week of inactivity in a row.
Cotality forecast a slight rise in auction volumes next week, with just over 1,600 homes scheduled to go under the hammer in the week ending 11 May 2025.
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