Auction volumes rising again as clearance rates stabilise

There are 472 capital city auctions being tracked by CoreLogic this week, increasing on the 417 auctions last week.

CoreLogic data shows that while volumes are up over the week, auction activity remains significantly lower than what we would usually see, with 2,055 auctions held over the same week one year ago.

Sydney is expected to be the busiest auction market for yet another week, with 245 homes scheduled to go under the hammer this week, up on the 194 auctions last week.

There are 123 Melbourne homes scheduled for auction this week, down by only 4 auctions on last week’s final numbers.

Auction activity remains subdued across the smaller cities, with Brisbane & Perth the only capital cities set to see an increase in volumes, with activity across Canberra expected to remain steady over the week and quite a bit lower in Adelaide.

Tasmania has just 2 auctions scheduled this week.

An example of Sydney's auction volume is 30 Rose Street, Birchgrove (pictured above).

The three bedroom one bathroom townhouse sits on a 208 sqm block.

It comes with an auction price guide of $2,000,000 - $2,200,000.