Auction Market Preview - 10 November 2024
Close to 2,900 homes scheduled for auction across the combined capitals
There are currently 2,880 capital city homes scheduled for auction this week, up from 1,972 last week and 2,656 this time last year. If all of these auctions go ahead, it will be the third busiest auction week of the year to date.
Melbourne is set to host 1,325 auctions this week after last week saw just 474 homes taken to auction. The lower volume last week can be attributed to the Spring Racing Carnival. This time last year, 1,181 auctions were held across Melbourne.
There are 1,102 auctions scheduled in Sydney this week, up from 1,036 last week and 1,020 this time last year.
Across the smaller capitals, Brisbane is set to host the most auctions (177) followed by Adelaide (159), Canberra (94), Perth (19) and Tasmania (4).
Next week will see auction numbers increase slightly, with just under 2,950 homes currently scheduled for auction across the combined capital cities.
The complete Auction Market Preview for the week ending 10 November 2024 can be downloaded below.
