Auction activity slumps across Australian capitals
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Auction activity is down 20.6 percent across the Australian capitals, with just 1,519 homes scheduled to go under the hammer this week, CoreLogic reports.
In the wake of Tuesday’s RBA announcement raising the cash rate target by 50 basis points, this is the quietest auction week since mid June.
Melbourne leads the way with 626 homes set for auction, down 22.6 percent from the previous week. This is -5.4 percent lower than numbers recorded this time last year. In Sydney, it’s the quietest week since the Easter long weekend, with 521 homes to go under the hammer. This time last year, it was 624 homes.
It’s even quieter in the other capitals, with 154 auctions scheduled for Brisbane, 141 for Adelaide and 70 for Canberra. Perth has just seven auctions on the books while in Tasmania, there are no auctions planned at all.
CoreLogic data reveals that historically, auction activity slows down at the end of July and early August before gaining pace as the spring season approaches. Early numbers suggest a rise in auctions numbers in the coming weeks.
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There’s no shortage of design inspiration online but nothing beats the joy of spending an afternoon immersing yourself in a good interior design book. Edited, carefully curated and, above all, designed, these titles take you behind the scenes of some of the world’s most beautiful interiors in a considered way. Think of it like the difference between listening to a few tunes on Spotify versus releasing a thoughtfully crafted studio album. We’ve assembled our top six of interior design books on the market right now for your viewing and reading pleasure.
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2 House of Joy
If there was ever a book title for our times, then this is it. With a subtitle of Playful Homes and Cheerful Living, this book champions fun in interior design, with bold and bright homes from around the world to delight and inspire. While there’s a good dose of the unexpected, like a disco ball in the garden, there’s no mayhem in these spaces. Instead, they’re beautifully executed to tempt even the most colour shy. Gestalten, $105
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The Victorian capital’s top-grossing transactions.
