Login
iscover
Auction volumes are expected to rise nationwide following the Easter weekend, with Melbourne anticipated to lead the surge in listings, despite volumes remaining lower year-on-year.
In its latest Auction Market Preview, CoreLogic reported that auction volumes nationwide are expected to rise significantly in the week ending 27 April.
Data shows that 1,092 homes across all capital cities are scheduled for auction this week, marking a 69.6 per cent increase from last week’s 644 homes that went under the hammer.
However, auction volumes across the country still reflect a 44.4 per cent decline compared to the same period last year, when 1,964 properties were auctioned.
CoreLogic observed that this week’s auction activity figures might be influenced by another public holiday, as ANZAC Day occurs on Friday, 25 April.
Melbourne is set to be the busiest auction market this week with 446 homes currently pencilled in for auction, rising sharply from last week’s 148, but significantly below the 893 auctions held during the same week in 2024.
Following closely, Sydney expects to see 438 live sale events, up from the 359 auctions last week, yet lower than the 667 homes that went to auction this time last year.
Across the smaller capital cities, Brisbane is set to host the most auctions this week, with 95 homes set to go under the hammer, up from last week’s 60 homes that went to auction.
Adelaide’s auction volume is projected to rise from last week’s 48 to 79 scheduled auctions.
In Canberra, 29 properties are scheduled to go under the hammer this week, representing a slight increase from the 27 live sale events held last week.
Perth’s auction volume is set to rise to five auctions, a slight increase from last week, when only two homes were auctioned.
CoreLogic’s forecast predicts that the week ending 4 May will see auction volumes rising after the public holiday interruptions, with around 1,500 capital homes currently scheduled.
You are not authorised to post comments.
Comments will undergo moderation before they get published.