National Auction Market Preview – 18 October
There are 1,163 capital city auctions being tracked by CoreLogic this week, up from 1,084 auctions last week, although lower than the 1,955 held over the same week last year.
Auctions this week
The Melbourne auction market is set to see a significant rise in activity this week, after a very sedate few months during lockdown restrictions. This week is expected to be the busiest week for auctions since the week ending 23th Aug. There are 192 properties scheduled for auction across the city, up on the 59 homes auctioned last week. However, with on-site auctions not permitted until October 26th, volumes remain significantly lower than one year ago (915).
Once again, Sydney accounts for more than half of all auction…