Auction activity set to rebound after the Easter long weekend
Auction activity set to rebound after the Easter long weekend
There are 2,057 capital city homes currently scheduled for auction this week, up from 901 last week (Easter) and 652 this time last year (also Easter).
Sydney is set to be the busiest auction market this week with 942 homes scheduled for auction, up from 414 last week and 371 this time last year. The lower volumes both last week and this time last year are due to Easter.
There are 811 homes scheduled to go under the hammer in Melbourne this week, up from 283 last week and 108 this time last year.
Across the smaller capital cities, Brisbane is set to host 119 auctions this week, followed closely by Adelaide (113). In Canberra, 63 homes are scheduled for auction, while there are just eight auctions scheduled in Perth and one in Tasmania.
An early view of auction volumes indicates we will see just under 2,000 homes taken to auction across the combined capital cities next week (w/e 14th April).
The complete Auction Market Preview for the week ending 7 April 2024 can be downloaded below.
