Commercial Auction Results – Week ending 22 April 2016

Preliminary results show a 52.9 per cent clearance rate across 17 commercial auctions over the week ending 22 April 2016, a fall in both auction volumes (38) and the clearance rate (71.1 per cent) when compared to the previous week. At the same time last year, 49 commercial auctions were reported and the clearance rate was significantly higher, at 81.6 per cent. Across the commercial auction market, activity has been somewhat subdued over the past four weeks, with just 103 auctions held and 65 sales. Of the 65 sales, 48 have been reported with a sale price, totalling just more than $88.9 million.

2016_04_22_Auction_Graph

The table below indicates National Auction Clearance Rate figures.

2016_04_22_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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