The number of homes scheduled for auction this week has jumped across all capital cities, with Sydney set to have its busiest auction week in three years.
Across all capital cities, there are 23.4% more homes up for auction compared to last week and 51.4% more than the same week the previous year, with a total of 2,995 homes, according to CoreLogic research.
The surge across the capitals is typical for the lead up to easter, with 3,519 homes for auction the week prior to Easter last year.
As for Sydney, there are 1,344 homes up for auction this week, which is its busiest auction since the week prior to Easter 2022, when 1,490 homes went under the hammer. It’s also a 49.7% increase from last week.
In Melbourne, there are 1,231 homes scheduled for this week, up from 1,142 last week and 892 the same time last year.
The only capital city to see a drop in auctions is Brisbane, with 136 homes set to go up for auction this week compared to 168 last week.
Auction volumes are expected to drop after the Easter long weekend, with around 620 auctions scheduled across all the capital cities.
