National Auction Market Preview – 27 September
There are 1,136 capital city homes scheduled to go under the hammer this week, an expected increase in volumes of 24% on last week as Sydney is set to have the busiest week for auctions since early April.
Auctions this week
The past few weeks has seen Melbourne record the lowest levels of auction activity over a non-seasonal period since CoreLogic commenced auction reporting. While volumes this week are to remain at these same subdued levels, scheduled volumes are higher over the week with 62 Melbourne homes set to go to auction, up from a mere 11 auctions last week.
Meanwhile across Sydney, the city is set to host the busiest week for auctions since April with 843 homes scheduled for auction, rising on the 677 held last…