Auction Activity Picks Up, 2,119 Homes Taken To Auction

There was an increase in auction volumes over the week with 2,119 homes taken to auction across the combined capital cities, up from 1,851 over the previous week although lower than this time last year (2,519). Traditionally, auction activity ramps up around late October through to December each year and it is not uncommon to have weeks where volumes are in excess of 3,000 during that time so it will be interesting to see what volumes are like this year given the softening market.