Introduction: This week, Australia's auction market is poised for significant activity, with over 2,300 homes set to go under the hammer across the combined capital cities. This marks a notable increase from the previous week, reflecting a bounce back from the holiday lull and indicating robust market activity.
Key Points:
Nationwide Auction Overview:
- Over 2,300 homes scheduled for auction across Australia's capital cities this week.
- This figure reflects a 76.8% increase from last week's numbers, which were lower due to the King's Birthday long weekend.
- Compared to the same period last year, there has been a steady increase in auction volumes, showcasing ongoing market resilience.
City-Specific Analysis:
- Melbourne: Leading the charge with 1,085 homes set for auction, up significantly from 488 last week and surpassing 864 auctions from last year.
- Sydney: Following closely with 860 auctions, up from 523 last week and 764 a year ago, indicating a strong rebound.
- Brisbane, Adelaide, Canberra: Seeing increases in auction volumes compared to both last week and last year, signaling growing market confidence.
- Perth and Tasmania: Showing stable auction numbers, maintaining consistency year-on-year despite slight weekly fluctuations.
Market Trends and Predictions:
- The surge in auction numbers suggests heightened buyer and seller activity, influenced by favorable market conditions and economic factors.
- Demand is expected to remain robust, driven by low interest rates, government incentives, and improved consumer confidence post-pandemic.
Looking Ahead:
- Preliminary data for next week indicates continued strong auction activity, with close to 2,100 homes already scheduled.
- Market participants can anticipate ongoing opportunities in both buying and selling, with varied options across different capital cities
Reference : https://www.corelogic.com.au/news-research/news/2024/auction-market-preview-9-june-2025