Auction market showing increase in activity

According to the latest CoreLogic data, auction volumes are set to increase slightly this week with 3,232 capital city auctions currently being tracked compared to 3,207 auctions last week.

Melbourne will experience a rise with 1,561 auctions scheduled; however there are slightly fewer scheduled across Sydney this week, with 1,126 homes set to be taken to auction. Outside of Sydney and Melbourne, each of the remaining capital cities is set to see a lower number of auctions compared to last week.

National auction activity looks set to be higher than in the same week last year (2,989).

Capital city auctions this week 

Glen Waverley in Melbourne is the busiest individual suburb for auctions across the nation this week, with 24 residential homes set to go under the hammer. Followed by Reservoir (23), St Kilda (21), Richmond (20) and Hawthorn (19), all in Victoria.

Note: CoreLogic, on average, collects  90% of auction results each week.  Clearance rates are calculated across properties that have been taken to auction over the past week.

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