Corelogic has just given an update for the number of auctions for next week end.
It continues to show a significant decrease (- 21 %) vs the same WE last year.
However, not sure that it is meaningful, as it will be a long WE."Capital city auction activity is set to take a long weekend break this week, with 1,088 homes expected to go under the hammer across the combined capitals.
This week’s subdued auction numbers represents a -40.1% week on week decline compared to the 1,815 homes auctioned last week. This time last year (1,377), the Queen’s Birthday long weekend drop off was more severe, falling -47.8% week on week.
Capital city auction activity is expected to rebound next week, with around 2,290 homes currently scheduled for auction. The impacts of this week’s rate rise announcement on the auction activity, clearance rates and home values may become more apparent over the coming weeks".
