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Strong auction rates continue into new year

Auction market results across Australia’s capital cities have been buoyant in a month that is traditionally seen as the low season.

Gold Coast property photos with auction gavel in foreground
This weekend the Gold Coast will host the annual Ray White Surfers auction, where 146 residential and commercial Gold Coast properties will go under the hammer.

The auction market for 2022 has started off strong with 461 homes across Australia scheduled for auction this week. With January traditionally being ‘low season’ for auctions, the momentum from the last quarter seems to have carried forward, with this week’s volumes up 125 compared to last week and up 88.9% from last year.

Almost 43,000 properties were taken to auction in Q4 2021, 42,918 properties across the combined capital cities in the three…