Story perspectives

Online Property Auctions Surge to Record 33,448 in 2024

9/13/2025

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Summary

Story summary

In 2024, online property auctions reached a record 33,448, far exceeding 3,976 in-person auctions.
The transition to online auctions, initiated during the Covid pandemic, has increased accessibility for buyers.
Auction finance lending surged by 181% in 2024 compared to 2019, reflecting a positive property market trend.
Younger first-time buyers and diverse investors are increasingly engaging in online bidding.
Innovations like AI and virtual tours are enhancing efficiency and buyer interest in the auction process.

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Story summary

In 2024, online property auctions reached a record 33,448, far exceeding 3,976 in-person auctions.
The transition to online auctions, initiated during the Covid pandemic, has increased accessibility for buyers.
Auction finance lending surged by 181% in 2024 compared to 2019, reflecting a positive property market trend.
Younger first-time buyers and diverse investors are increasingly engaging in online bidding.
Innovations like AI and virtual tours are enhancing efficiency and buyer interest in the auction process.