Scheduled auctions this week increased by 12% in capital cities as compared to last year, 2013.
According to Robert Larocca, RP Data auction spokesperson, the market is looking good for people selling property in capital cities this spring.
RP Data reports over 2,700 scheduled auctions across Australia this week—2,339 auctions in capital cities, compared to 2,109 for the same period last year and 2,080 last week. Meanwhile, there are about 1,130 auctions happening in different suburbs and 73% are for houses.
In Sydney, auctions are also on the rise with 846 auctions expected, compared to 743 last week and 766 for this week last year.
Melbourne is set to top 1,000 scheduled auctions this week for the 13th week in a row—1,090 on the block all up, compared to 1,018 last week and 984 for the same period last year.
Melbourne is set to top 1,000 auctions this week for the 13th week in a row. 1,090 are on the block all up, compared to 1,018 last week and 984 for the same period last year.
Brisbane is also expecting over 130 auctions, moving slightly from 120 last week; while Adelaide is expecting 124, up from 89 last week. Canberra has 78 auctions slated, a strong increase from last week’s 51. Perth has 45 auctions compared to 34 last week, and there are 15 scheduled in Tasmania.
