Commercial Auction Results – Week ending 22 May 2015

The preliminary auction clearance rate over the week ending 22 May 2015 fell to 50.0 per cent, from 69.3 per cent over the previous week. Auction volumes were also down, from 75 the previous week to 30 last week, however, it is expected the number of auctions will revise upwards when the final results are reported next week. One year ago, there were 51 commercial auctions with a clearance rate of 56.9 per cent. Over the most recent four week period, there has been 131 sales recorded from a total of 208 commercial auctions. Of the successful results, 91 have been reported with a sale price, totalling just short of $158 million.

2015_05_22_Auction_Graph

 

The table below indicates National Auction Clearance Rate figures.

 

2015_05_22_Auction_Table

 

 


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