Over 1,000 auctions this week
Sydney tops the country
Auctions numbers fall in Brisbane
Last week, 896 auctions were held across the combined capital cities returning a final auction clearance rate of 65.4 per cent, unchanged from the week prior when a slightly lower 847 capital city homes went to auction. One year ago, a higher 1,257 auctions took place returning a lower 57 per cent success rate.
This week and weekend
This week 1,012 capital city auctions are currently being tracked by CoreLogic, up from the 896 auctions held last week.
Melbourne is expected to see a rise in activity this week, with 480 homes scheduled for auction across the city, up from the 410 auctions held last week.
There are 366 Sydney homes scheduled for auction this week, increasing on the 303 auctions held last week.
Across the smaller auction markets, volumes are set to be higher across Adelaide, unchanged in Canberra and lower across Brisbane, Perth and Tasmania over the week.
Watch for Kevin Brogan’s thoughts about the weekend ahead and the numbers around the country and then join him on Monday as he gives the most comprehensive national roundup of the full week’s activity and a look inside the top sales in 6 capital cities.
Read more: realestatetalk.com.au