The number of auctions happening this Saturday are down by 52 per cent, according to CoreLogic
There are 52 per cent fewer homes scheduled for auction across the combined capital cities this week, with CoreLogic tracking 1,440 scheduled auctions, after last week saw volumes reach their highest levels since late Nov- Dec last year (3,026).
Source: CoreLogic
As Victoria welcomes a long weekend with the Labour Day public holiday this coming Monday, the Melbourne auction market is expected to slow with significantly fewer scheduled auctions over the week (390).
This comes off the back of the busiest week the city has seen since late October 2018 last week, when 1,612 homes were taken to auction across the city.
40 Woolwich Road, Hunters Hill will be auctioned this weekend through agents Nicholas McEvoy and Narelle Scott of BresicWhitney Photo: BresicWhitney
In Sydney, scheduled volumes are expected to be lower across the city, with 796 homes set to go under the hammer this week, lower than the 1,087 auctions held last week at final figures.
Perth is the only capital city market expected to see a rise in volumes over the week, with volumes set to be lower across Adelaide (-25.9 per cent), Brisbane (-17.6 per cent), Canberra (-50.6 per cent) and Tasmania (1 scheduled auction).
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