Last week

Last week, 1,533 auctions were held across the combined capital cities, returning a final clearance rate of 72.3 per cent, increasing on the 70 per cent clearance rate over the week prior when volumes were higher (1,615). 

The weighted average clearance rate has held above 70 per cent for four consecutive weeks now, while auction volumes have remained somewhat steady each week over the past 3 weeks. 

This week and weekend

Auction volumes are set to remain relatively steady over the week, with 1,515 capital city homes scheduled for auction, only 1.2% fewer auctions on final figures from last week (1,533).

There are 762 Melbourne homes scheduled for auction this week, almost unchanged on last week when 765 auctions were held last week, although down 22% on a yearly basis (988).

In Sydney, the number of homes scheduled for auction is expected to increase slightly with 543 auctions scheduled to take place compared to last week’s 528 auctions held.  One year ago, a higher 669 Sydney homes were taken to auction over the same week.

Across the smaller auction markets, volumes are to be lower across Adelaide, Brisbane, Canberra and Perth, while activity remains very subdued in Tasmania with only 2 scheduled auctions.