Commercial Auction Results – Week ending 17 June 2016

Preliminary results show that the commercial auction clearance rate fell to 31.6 per cent over the week ending 17 June across 19 reported auctions, down from 56.1 per cent the previous week when a total of 41 auctions were reported. Just less than half of all auctions held over the past four weeks were successful, with 182 held and 88 sold. Of these sold auctions, 70 were reported with a sale price, totalling slightly more than $101.2 million.

2016_06_17_Auction_Graph

The table below indicates National Auction Clearance Rate figures.

2016_06_17_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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