Commercial Auction Results – Week ending 24 April

Over the week ending 24 April 2015, the preliminary auction clearance rate was recorded at 84.9 per cent across 33 reported auctions. In comparison, the final auction clearance rate for the previous week was 57.9 per cent across 76 results. Last year, given both Anzac Day and Easter, auction activity was much lower with just 8 commercial auctions held. Of the 8 auctions held, 7 were reported as sold, a strong result given the small number of properties available. Over the most recent four week period, there has been a total of 150 commercial properties taken to auction, with 95 reported as sold. Of these 95 sales, 67 have been reported with a sale price, totalling just over $127.1 million.

2015_04_24_Auction_Graph

 

The table below indicates National Auction Clearance Rate figures.
2015_04_24_Auction_Table

 

 


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One Response to Commercial Auction Results – Week ending 24 April

  1. Gavin R. Putland May 1, 2015 at 3:37 pm #

    Beware of splines – lest your interpolated clearance rates exceed 100%.

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