Commercial Auction Results – Week ending 22 July 2016

The preliminary clearance rate over the week ending 22 July was 56.5 per cent, up from 44.7 per cent over the previous week. There were 23 commercial auctions reported last week, compared to 38 the previous week and 41 at the same time last year, when just over half of all reported auctions cleared (51.2 per cent). Over the past four weeks a total of 161 auctions have been reported with 89 transactions. Of these 89 sales, 68 have been reported with a sale price, totalling just over $240.2 million.2016_07_22_Auction_Graph

The table below indicates National Auction Clearance Rate figures.

2016_07_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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