Auction Market Preview - week ending 2 November 2025

Auction activity plummets across Melbourne

There are currently 2,173 homes scheduled for auction across the combined capitals this week, a 33% drop compared with last week. The lower volume is attributable to the Melbourne Cup Carnival, with many Victorians taking a long weekend to coincide with the public holiday on November 4th. Last week saw 3,236 auctions go under the hammer – the busiest week since the lead up to Easter last year (3,519), while this time last year, 1,972 auctions were held across the combined capitals.

Sydney is gearing up for its second busiest auction week of the year, with 1,202 homes scheduled to go under the hammer this week, up from 957 last week and 1,036 this time last year.

Melbourne is set to host just 454 auctions this week as the city prepares for the Melbourne Cup Carnival which kicks off on Saturday. Last week saw 1,836 auctions held across Melbourne – the busiest auction week since December 2021, while this time last year, 474 homes were taken to auction.

Across the smaller capitals, Brisbane is set to host the busiest market this week, with 215 homes scheduled to go under the hammer, up from 188 last week. There are 149 auctions scheduled in Adelaide this week, up from 144 last week, while 132 auctions are set to go under the hammer in Canberra, up from 90 last week. In Perth, 20 auctions are scheduled this week, up from 17 last week, while just one auction is on the radar in Tasmania this week, down from four last week.

Next week will see auction volume increase, with around 3,200 homes set to go under the hammer across the combined capitals.

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