Auction activity across the combined capitals is set to dive - 29.8% this week, with Victoria enjoying a long weekend amid Saturday's AFL grand final.

Currently, 1,851 homes are scheduled for auction across the capitals, down from the 2,638 seen last week but roughly in line with the 1,836 that went under the hammer this time last year.

Melbourne's action activity is expected to tumble, with just 197 auctions currently scheduled across the city. The previous week (1,311) saw Melbourne host its busiest auction week since early June (1,516), while this time last year 236 homes were auctioned.

In contrast, Sydney is set to host its busiest auction week since mid-April (1,282), with 1,269 homes expected to go under the hammer. Last week saw 915 homes auctioned across the city, while 1,199 auctions were held this time last year.

Across the smaller capitals, Adelaide (-22.8%) and Brisbane (-2.9%) will see auction numbers to decline this week, while Canberra (15.4%) is set for a rise in activity. Despite the dip, Brisbane will be the busiest auction market among the smaller capitals, with 166 auctions scheduled, followed by Adelaide (95).

Canberra is expecting its busiest auction week since early February (131), with 120 auctions currently scheduled, while just four homes are set to go under the hammer in Perth this week. There are currently no auctions scheduled in Tasmania.

Auction activity is set to linger below the 2,000 mark next week, with lower volumes from the Labour Day/Kings' birthday long weekends in NSW, ACT, QLD and SA partially offsetting the expected rebound in Melbourne auction numbers.

Summary of last week's results

The combined capitals hosted the busiest auction week since early June (2,918) last week, with 2,638 homes taken under the hammer. The previous week saw 2,402 homes auctioned, while this time last year, 2,781 auctions were held.

With 71.6% of auctions reporting a successful result, last week was the capitals' highest final clearance rate since early June 2023 (73.1%) and was the third time in five weeks where the rate settled above the 70% mark.

The previous week's final clearance rate was 2.6 percentage points lower at 69.0%, while this time last year, 60.7% of auctions were successful.

Mirroring the combined capitals results, Melbourne also recorded both its busiest week since early June 2025 (1,516) and its highest final clearance rate since the week ending 4th June 2023 (72.6%), with 71.6% of the 1,311 homes auctioned last week reporting a successful result.

The previous week saw 1,240 homes auctioned, with 69.5% returning a positive result, while this time last year, 59.5% of the 1,335 auctions held across the city were successful.