Commercial Auction Results – Week ending 12th May 2017

CoreLogic captured 12 commercial auction results across Australia between the 6th and the 12th of May. These preliminary results had a clearance rate of 92%, with just one auction passing in at Arrawarra, on the north-coast of New South Wales. The passed in property was a hotel/leisure spot. Some such properties may be impacted by seasonality. Compared with the same week in 2016, the preliminary auction results show far less auctions, signifying lower stock availability.

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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