Public sale quantity has dipped this week following an acceleration within the earlier weeks. Sometimes the market peaks earlier than Easter, so it’s no shock to see this drop-off, however given the present surge in costs, the market may behave otherwise in 2022.
Fewer properties are scheduled for public sale this week. A complete of 1,610 auctions are scheduled for public sale throughout the mixed capital cities, 35% decrease than final week’s quantity at 2,473, based on the newest CoreLogic Public sale Market Preview for the week ending 7 March 2022.
The biggest fall in public sale exercise has been recorded in Melbourne. In distinction, Sydney solely took a slight dip.
| Cities | Final Week | This Week |
|---|---|---|
| Whole (all cities) | 2,473 auctions | 1,610 auctions ( – 34.89%) |
| Sydney | 844 auctions | 833 auctions ( – 1.3%) |
| Melbourne | 1,299 auctions | 483 auctions ( – 63%) |
Information supply: CoreLogic Public sale Market Preview
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