Auction Volumes Continue To Increase With 1,909 Homes Taken To Auction

This week 1,909 homes were taken to auction across the combined capital cities, increasing from 1,684 over the previous week. Auction volumes have slowly started to increase over the last couple of weeks however current volumes remain lower than this time last year when 2,270 auctions were held. Through winter, the number of homes taken to auction has been tracking roughly 20% lower than a year ago, highlighting a substantial weakening in vendor confidence driven by the softer housing market…