Last week’s Easter period slowdown saw 394 homes taken to auction across the combined capital cities, this was down significantly on the week prior when 2,276 auctions took place, which was the second busiest week for auctions so far this year. The lower volumes last week returned a final auction clearance rate of 43.9 per cent, not only falling from the week prior when 52.2 per cent of homes sold, but marking the second lowest clearance rate over the year to date.
This week and weekend
This week, the number of homes scheduled to go to auction is set to increase across the combined capital cities with 974 currently being tracked by CoreLogic, up from last week when only 394 auctions were held over the Easter period slowdown.
Melbourne is expected to see the most significant increase in volumes this week, with 476 properties scheduled for auction, up from the 50 auctions held last week. In Sydney, 319 homes are set to go to auction this week, increasing on the 221 held last week.
Outside of Sydney and Melbourne, the remaining capital cities will see a higher number of auctions this week compared to last week, with the exception of Canberra where there are fewer auctions scheduled.
Watch for Geoff White’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.