Auctions most popular in Melbourne, Sydney and Canberra

RP Data National Auction Preview, week ending 31 August, 2014 

RP Data national auction previewThere are 2,281 auctions scheduled across Australia this week. In capital cities there are 1,854 auctions expected compared to 2,000 for the same period last year. This is the highest volume in eight weeks and it will continue to rise over the coming weeks.

RP Data recently reviewed the statistical significance of auctions, as while they can dominate the weekly market analysis due to the clearance rate statistic they account for a minority of sales in capital cities. Taking into account all settled sales in the months between February and May this year auctions accounted for 21.9 per cent of all capital city sales (excluding Darwin).

  • There are 809 auctions scheduled in Melbourne this week compared to 758 last week and 837 this time last year. Melbourne traditionally has the highest proportion of sales by auction of all capital cities and in the months of February to May this year this remained the case as they accounted for 35.3 per cent of all sales.
  • Sydney is expecting 741 auctions compared to 641 last week and 851 for this week last year. Sydney is beginning to rival Melbourne as the nations auction capital, in the months of February to May this year auctions accounted for 30.5 per cent of all sales.
  • Canberra has 36 auctions scheduled compared to 51 last week. In the months of February to May auctions accounted for 17.9 per cent of all sales.
  • Brisbane is expecting 140 auctions after 134 last week. As is usually the case there are more auctions in Queensland outside of Brisbane, with 201 expected. In the months of February to May auctions have accounted for 6.4 per cent of all sales in Brisbane.
  • Adelaide is expecting 82 auctions, compared to 71 this time last year. In the months of February to May auctions have accounted for 10.7 per cent of all sales.
  • Perth has 29 auctions compared to 41 last week. In the months of February to May auctions have accounted for a low 1.8 per cent of all sales.
  • There are 11 auctions scheduled in Tasmania. In the months of February to May auctions have accounted for 4.8 per cent of all sales in Hobart.

Across Australia, the highest number of auctions is expected in the Melbourne suburb of South Yarra where 21 are expected.


Robert Larocca
RP Data Auction Market Specialist
0409 198 350

About Robert Larocca

Robert Larocca has built a profile over the past eight years as an expert on the Victorian residential property market. He worked for the REIV both directly and as a consultant over 8 years acting as a spokesperson, managing its research department and public policy. He has been a media and government relations consultant and spent a decade working across the three levels of government including as a Councillor and Mayor in the City of Moreland. He has well developed leadership skills in the not for profit sector and has been the Chairperson of CERES Community Environment Park for 9 years.

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