National Auction Market Preview – 2 May 2021
Auction volumes are set to rise with 2,885 capital city homes to go under the hammer this week, an increase of 38% on last week’s number of auctions held (2,087). One year ago, a lower 612 homes were auctioned as restrictions inhibiting on-site auctions and inspections saw activity plummet over this period.
Auctions this week
Melbourne is set to be the busiest auction market this week, accounting for 43.2% of all activity; however Sydney isn’t far behind making up 40.2% of total volumes this week. There are 1,246 Melbourne homes scheduled for auction over the week, up on the 957 held last week and the 217 held one year ago.
In Sydney, 1,161 properties are set to be auctioned across the city this week, increasing by…