Commercial Auction Results – Week ending 20 March 2016

Commercial auction volumes remained relatively steady last week, with 40 reported results compared to 44 the previous week. Over the week ending March 18, 50.0 per cent of commercial auctions were successful, slightly higher than 47.7 per cent the previous week but lower than one year ago, when 61.7 per cent of auctions were successful. Activity across the commercial auction market over the past four weeks shows that 203 auctions have been held with just over half (102) resulting in a sale. Of the 102 sales, 75 have been reported with a value of just over $131.3 million.

2016_03_18_Auction_Graphv2

The table below indicates National Auction Clearance Rate figures.

2016_03_18_Auction_Table


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CoreLogic RP Data Commercial Cityscope is a web-based service. Access is sold by geographic regions (Cityscope areas). There are 25 geographic regions across Australia (three in New Zealand), clustered around the cities of Sydney, Melbourne, Brisbane, Adelaide, Perth, Canberra and Newcastle. Darwin and Hobart CBD centres aren’t covered. Cityscope Areas in NSW and QLD also include lease expiry data for the most complete commercial coverage available. For more information call 1300 734 318.

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