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Auction volumes across the capital cities have significantly increased from the previous week, with activity in Melbourne set to more than double week-on-week.
CoreLogic’s latest Auction Market Preview reveals that auction volumes across the country are expected to rise from the previous week.
Data shows that 2,343 homes across all capital cities are scheduled for auction for the week ending 16 March 2025.
This activity marks a 49 per cent increase from the 1,572 homes taken to auction the previous week ending 9 March 2025, but registers 17.3 per cent lower than the 2,834 auctions held this time last year.
Melbourne is expected to be the busiest auction market this week, with the 984 homes going under the hammer more than doubling the 486 homes taken to auction last week when numbers dropped due to the Labour Day long weekend.
Despite this projection marking a 102.5 per cent week-on-week increase, the number of homes scheduled for auction in Melbourne this week is far lower than the 1,483 auctions held this time last year.
Sydney’s auction volume is expected to increase with 957 properties scheduled for auction, up from the 842 homes taken to auction last week and the 873 auctions held over the same week last year.
Within the smaller capital cities, Brisbane’s 183 homes slated for auction represent a substantial increase from the 71 auctions held last week, with CoreLogic noting that many auctions were rescheduled due to the impact of ex-Tropical Cyclone Alfred.
Adelaide’s auction volume has risen week on week, with the city’s 130 homes increasing from the previous week’s 99 recorded auctions.
Canberra’s 72 properties currently scheduled for auction also represent an increase from the 62 auctions held last week.
Perth currently has 15 homes scheduled for auction, up from the previous week when 11 homes were taken to auction.
Tasmania currently has two auctions pencilled in, up from the one auction held last week.
CoreLogic forecasts a slight drop in auction volumes next week, with approximately 2,130 homes scheduled to go under the hammer in the week ending 23 March 2025.
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