National Auction Market Preview – 2 May 2021

Auction volumes are set to rise with 2,885 capital city homes to go under the hammer this week, an increase of 38% on last week’s number of auctions held (2,087). One year ago, a lower 612 homes were auctioned as restrictions inhibiting on-site auctions and inspections saw activity plummet over this period.

Auctions this week

Melbourne is set to be the busiest auction market this week, accounting for 43.2% of all activity; however Sydney isn’t far behind making up 40.2% of…