Australia set for super Saturday as auction numbers surge
Vendor confidence has returned with a vengeance but the over supply may be short lived
2 min
This could be the weekend for buying a new home, as the number of properties going under the hammer set to surge around the country.
Data from CoreLogic has revealed 3,190 homes will be put to auction, the second highest levels this year. The highest number of properties put to market happened over the weekend leading up to Easter earlier this year, when 3,519 homes went under the hammer.
In signs that the Melbourne market is recovering, Australia’s second largest capital city is leading the charge, with 1,635 properties set to sell, a significant jump from the 1,098 properties offered the previous week. Sydney is next in line with 1,053 auctions, followed by Adelaide (207), Brisbane (197), Canberra (82) and Perth (15). It’s not such great news for would-be Tasmanian homeowners, with just one property available.
While vendor confidence appears to be rebounding, it’s not clear yet whether that will be reflected in the results. CoreLogic reported clearance rates were just 58.2 percent last week, the lowest recorded this year.
calculated across properties that have been taken to auction over the past week.
For those considering holding off, it could be a case of ‘he or she who hesitates is lost’, with auction numbers set to experience a drop the following week ahead of the Melbourne Cup. Numbers are expected to fall to 2,100. They don’t call it ‘the race that stops a nation’ for nothing.
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International AI strategist Justin Kabbani will headline the Kanebridge Property Summit in Sydney on June 18, with tickets selling fast.
2 minArtificial intelligence is rapidly reshaping business, investment and competitive advantage, and now Australia’s property industry is being told it cannot afford to sit on the sidelines.
International keynote speaker and AI strategist Justin Kabbani will headline the Kanebridge Property Summit at RACA Sydney on June 18, bringing rare insight into how forward-thinking property professionals can use AI to move faster, make smarter decisions and gain a serious edge in an increasingly competitive market.
Tickets to the exclusive summit are already selling fast.
Having worked with global brands including Uber, PepsiCo, Mattel and Destination NSW, Kabbani has become one of the leading voices on how businesses can turn AI from a buzzword into a genuine commercial advantage.
Known for his high-energy and highly practical presentations, Kabbani cuts through the hype surrounding AI and focuses on what actually matters: productivity, growth, leadership and real-world business results.
His keynote will explore how AI is already transforming industries globally, and what property developers, investors, agents and business leaders need to understand now to avoid being left behind.
Importantly, the session is designed to be practical, not theoretical.
Attendees will hear how AI can be applied across marketing, sales, operations and decision-making to improve efficiency, sharpen strategy and create new competitive advantages in a rapidly changing business environment.
The summit will also feature an exclusive roundtable bringing together leading property and finance experts for a candid, off-the-record Q&A exploring the forces shaping investment, development and wealth creation across Australia’s prestige property market.
The event follows the success of last year’s sold-out summit and will once again be hosted by respected MC John Alten.
With AI becoming one of the biggest disruptors facing business, the June 18 summit is expected to attract strong interest from property professionals, investors and business leaders looking to stay ahead of the curve.
The followings are included in every ticket:
- Full access to keynote sessions and the interactive roundtable.
- Premium selection of canapés and beverages throughout the evening.
- Complimentary annual digital subscription to two leading publications (Wall Street Journal and Kanebridge Quarterly), providing essential coverage of local and global markets, property trends and investment strategy.
Tickets are limited and selling quickly and you can buy here.
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