Over the past seven days Australia has had the highest number of auctions ever recorded across the combined capital cities, while Melbourne auction volumes have also hit previously unseen levels.
The number of home auctions hit a record 3,967 across Australia's capital cities in the week ended March 25, according to the latest CoreLogic property market indicator.
The prior record was for the week ended November 30, 2014 when 3,908 auctions were held.
Auction volumes during the same pre-Easter week last year, at 3,517, were notably lower than this year.
However, on a monthly basis in Sydney, home values fell 0.4 per cent and are now down by 1.8 per cent over past 12 months.
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