Auction volumes on the up after Easter break

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Auction volumes across Australia have almost tripled compared to the subdued numbers seen last week thanks to the Easter break.

Figures from CoreLogic RP Data show that 1,428 auctions are currently being tracked compared to the 554 held last week.

Last week’s national clearance rate managed to break past the 70% mark, finalising at 70.9%.

This week’s increase has been spread across the country, with all capital cities registering an increase in volumes.

Sydney is the nation’s busiest market for the second straight week, with 595 auctions scheduled compared to last week’s 349.

The New South Wales capital saw its clearance rate finalise at 77.9% last week and Mosman will be its busiest suburb this week with 13 homes set to go under the hammer.

Melbourne has seen the largest weekly increase in volumes, with the city set for 538 auctions this week comparted to 78 last week.

Melbourne’s clearance rate finished last week at 71.4%.

The Melbourne suburb of St Albans will be the country’s busiest this week with 14 auctions, while Epping and Glen Waverley will both hold 13.

In Brisbane 118 auctions will be held this week, compared to just 48 last week. Brisbane’s clearance rate finished at 45% last week.

In Adelaide, volumes have jumped from 32 last week to 72 last week. The South Australian capital finished last week at 66.7% last week.

Canberra has seen its volumes increase to 63 from 26. Last week saw the national capital finish last week with a clearance rate of 58.3%.

Perth held just seven auctions last week and is expected to hold 33 this week.

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