By Robert Larocca

National auction preview - RP Data

Auction volumes fell in all capital cities this week with around 1,376 expected compared to 2,053 last week. This change is consistent with last year’s activity as the market moves into the cooler months.

Speculation surrounding the Federal Budget announcements next week is unlikely to have an impact on auctions as buyers and sellers generally made the decision to enter the market many weeks ago.

Around the country, the largest volume of auctions is in Melbourne where 643 are expected compared to 891 last week. In Sydney, where there has already been 51 per cent more auctions than this time last year, 565 are expected compared to 821 last week.

Adelaide is expecting 53 auctions compared to 97 last week. In Brisbane volumes have halved and are down to 70 from 142. In Canberra 31 auctions are scheduled; down from 47 last week while in Perth there are 14 auctions and 11 in Tasmania.

Robert Larocca
RP Data Housing Market Specialist

Source: RPD

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