CoreLogic Auction Market Preview for May

CoreLogic Auction Market Update for May 2022

CoreLogic has released its latest market update for May, summarised below. 

Currently, there has been a decrease in the volume of auctions in most capital cities in Australia with 2,088 auctions scheduled this week, down from 2,699 last week (-22.6%) and 3,016 this time last year. In Melbourne, there are 879 auctions scheduled, signifying a -31.9% drop from the previous week with 1,290 auctions and -37.7% drop from this time last year with 1,411 auctions. Sydney has 702 auctions in place for this week, which is -23.2% decrease from 914 auctions last week and 1,146 auctions from this time last year.

Smaller capital cities show varying results, with Adelaide securing 214 auctions this week, up from 149 auctions the week prior. Brisbane has been relatively stable with 189 auctions, a small increase from the previous week with 186 auctions. Canberra has 87 auctions in place, down from 143 auctions the week prior. There are 12 auctions planned in Perth and 5 auctions planned in Tasmania.

Capital city auction statistics w/e 1 May 2022
CoreLogic May

Clearance rate and auction results w/e 1 May 2022

Capital city auction statistics May

Weekly clearance rate w/e 1 May 2022

Weekly clearance rate Corelogic May


For more information, visit CoreLogic

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