According to the RP Data National Auction Preview for the week ending 29
June, 2014, a significant rise has been observed in the number of scheduled
auctions in Sydney. Barring a few weeks impacted by public holidays or very low
volumes, this is also the first time Sydney has overtaken Melbourne for the
year.
RP Data auction spokesperson Robert Larocca reports that 2,169 auctions are
scheduled across Australia this week across 1,137 different suburbs or towns.
In capital cities there are 1,769 auctions expected compared to 1,572 in the
same period last year.
Sydney’s scheduled auctions are the highlight of the week’s statistics
with 758 auctions expected compared to 785 last week. Significantly, this is
27.6 per cent more than last year.
Melbourne has 728 auctions scheduled for this week compared to 946 last
week. The Melbourne auction market appears to be improving with the clearance
rate close to 70 per cent in the last fortnight.
Figures for other cities include Brisbane with 132
expected auctions following 141 last week; Adelaide with 72 expected auctions
compared to 74 last week; Canberra with 33 scheduled auctions compared to 35
last week; Perth with 36 auctions compared to 45 last week; and 10 auctions in
Tasmania.
