Commercial Auction Results – Week ending 22 May

Despite a week-on-week fall, the auction clearance rate for commercial properties across Australia has maintained strength based on preliminary results, at 60 per cent across 40 reported auctions, down from 69.7 per cent the previous week, but much stronger than the 45 per cent over the week prior. Over the corresponding week one year ago, 79 commercial auctions were reported with a success rate of 64.6 per cent. Over the most recent four week period, 228 commercial auctions have been reported with 130 sales, equating to a success rate of 57 per cent. Of the 130 sales, 97 were reported with a sale price, with the total value of these transactions sitting just short of $194.9 million.

2016_05_20_Auction_Graph

The table below indicates National Auction Clearance Rate figures.

2016_05_20_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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