By Caitlin Fono, Research Analyst, Cotality (Formerly CoreLogic) 

There are currently 3,419 homes scheduled to go under the hammer across the combined capitals this week – the highest since the week prior to Easter 2024 (3,519). This week's numbers are 15.4% higher than last week (2,964) and 18.7% above those seen a year ago (2,881).

In Sydney, 1,321 homes are scheduled for auction this week, and, if they all proceed, will see this week overtake the week prior to Easter 2025 (1,282) as the city's busiest since April 2022 (1,490). Last week saw 1,140 auctions held across the city, while this time last year, 1,031 homes went under the hammer.

Melbourne is gearing up for its second busiest auction week of the year, with 1,552 homes set to go under the hammer this week, compared to 1,355 last week and 1,390 this time last year.

Auction activity is set to rise across all of the smaller capitals this week, except for Canberra. Brisbane will be the busiest auction market among the smaller capitals, with 218 homes scheduled to go under the hammer, compared to 183 last week. Adelaide is expecting its busiest auction week of the year, with 190 homes scheduled to go under the hammer, up from 146 last week.

There are 114 homes set for auction in Canberra, down from 124 last week, while 20 auctions are scheduled in Perth, up from 16 last week. Four auctions are scheduled in Tasmania this week, following two weeks of inactivity.

Next week will see fewer auctions held across the combined capitals, with around 3,100 homes currently set to go under the hammer.

Summary of last week's results

There were 2,964 homes taken to auction across the combined capitals last week, marking the fifth busiest auction week of the year so far. The previous week saw 3,204 homes taken to auction, while this time last year, 2,640 auctions were held.

The combined capital city clearance rate came in at 62.9% last week, overtaking the previous week (63.1%) as the lowest since the week ending 8th June (60.7%). This time last year, 57.3% of reported auctions were successful across the combined capitals.

There were 1,355 auctions held in Melbourne last week, compared to 1,451 the week prior and 1,161 this time last year. Melbourne's clearance rate came in at 63.4% last week, in line with the previous week (63.4%), while this time last year, a clearance rate of 56.4% was recorded. 

In Sydney, 1,140 homes went under the hammer last week, down from 1,234 the previous week. Over the same week last year, 994 homes were taken to auction across the city. Mirroring the combined capitals, Sydney's final clearance rate came in at 61.1% last week, overtaking the previous week (62.1%) as the lowest clearance rate since the week ending 8th June (58.1%). This time last year, 59.0% of reported auctions were successful.

Across the smaller auction markets, Adelaide recorded the highest clearance rate last week, coming in at 72.4%, down from 75.4% the week prior. Brisbane's clearance rate came in at 66.7%, up from 65.0% over the previous week, while Canberra's clearance rate came in at 57.3%, up from 56.5%. In Perth, 56.3% of auctions were successful, up from 54.5% the previous week.

Brisbane was the busiest auction market across the smaller capitals last week with 183 homes taken to auction, down from 214 the week prior. There were 146 auctions held in Adelaide last week, down from 156, while 124 homes went under the hammer in Canberra last week, down from 138. In Perth, 16 auctions were held last week, up from 11 over the previous week, while no auctions have been held in Tasmania over the past two weeks.