Commercial Auction Results – Week ending 14 October 2016

For the week ending the 14th October there were 27 reported commercial auctions with a 48.1 per cent clearance rate, compared to the previous week’s 45 reported at 44.4 per cent. This is almost half the reported volume as the same period last year, with a total of 53 auctions recorded and a 64.1 per cent clearance rate. Over the four weeks ending 14th October, there were 132 commercial auctions reported with 71 results reported as sold. The total value of the 43 sold results reported with a price was just short of $90.3 million.

2016_10_14_auction_graph

The table below indicates National Auction Clearance Rate figures.

2016_10_14_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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