More than 3,400 properties scheduled for sale across metropolitan centres
Residential auction calendars are filling rapidly, with 3,419 properties earmarked for sale across Australia's combined capital cities this week – surpassing activity levels not witnessed since the week preceding Easter 2024, when 3,519 homes were listed.
Current listings represent a substantial rise compared to the previous seven days, which accommodated 2,964 auctions. Year-on-year, the anticipated volume sits 18.7% ahead of the corresponding week in 2024, when 2,881 properties proceeded to auction.
Sydney's auction timetable comprises 1,321 properties, positioning the market as its strongest performing week since April 2022, when 1,490 auctions occurred. Should all scheduled sales proceed, the week would eclipse activity from the pre-Easter 2025 period, which registered 1,282 auctions. The previous week recorded 1,140 sales, while this time last year saw 1,031 properties auctioned.
Melbourne's momentum continues, with 1,552 properties scheduled – marking the city's second most active auction week this calendar year. The preceding week accommodated 1,355 auctions, compared with 1,390 during the same period last year.
Source: Cotality
The remaining capitals show mixed activity. Brisbane anticipates 218 auctions, Adelaide expects 190 (its strongest week this year), Canberra faces a modest contraction to 114, whilst Perth records 20 sales. Tasmania returns to the auction calendar with four scheduled auctions following recent inactivity.
Momentum is anticipated to moderate next week, with approximately 3,100 properties currently scheduled for auction across the combined capitals.
"Next week will see fewer auctions held across the combined capitals, with around 3,100 homes currently set to go under the hammer," said Caitlin Fono (pictured right), research analyst at Cotality.
Last week's market activity generated 2,964 auctions – representing the fifth highest volume recorded this year. The fortnight preceding registered 3,204 sales, while the corresponding period in 2024 saw 2,640 properties auctioned.
The combined capitals recorded a clearance rate of 62.9%, representing the lowest recorded since the week ending June 8. A year earlier, 57.3% of auctions achieved successful outcomes.
Sydney's clearance rate reached 61.1%, dipping below the previous week's 62.1%. Melbourne's rate remained steady at 63.4%, matching the preceding week's performance.
Secondary markets demonstrated varying momentum: Adelaide achieved 72.4%, Brisbane 66.7%, Canberra 57.3% and Perth 56.3%.
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