Commercial Auction Results – Revised auction results to 10th February 2017

CoreLogic has revised commercial auction results to the 10th of February, which indicate a slight increase in activity as the year progresses.

Listings in the second week of February ramped up to 11, compared with just five in the previous week. Three of the 11 listings cleared at auction, bringing the clearance rate up to 27.27% from the previous week of 20%.

The sales for the week ending 10th of February had a combined worth of $2.75 million, also up from $1.58 million in the previous week.

The following image summarises the type and value of properties sold at auction collected by CoreLogic across the country.

Revised Commercial Auction results to February 10th 2017

Unsurprisingly, the high performing economies of New South Wales and Victoria have seen most of the first few sales in 2017. The average sale price is just under $1 million.

Eliza Owen
Commercial Research Analyst, CoreLogic

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About Commercial Research

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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