Commercial Auction Results – Week ending 23rd June 2017

The week ending June 23rd saw a total of 53 commercial auctions held across Australia, with a clearance rate of 69.2%. This is a stark increase on the number of auctions held in the previous week, when just 30 auctions were held with a clearance rate of 56.7%, suggesting continued buoyancy in the market.

Half of the sold auctions were in New South Wales, followed by 13 sold in Victoria. Of the cleared auctions, 16 strata offices were sold. Two office building were also sold, one in Greenacre and one in Caringbah, each of which sold for over $2 million.

There were 18 industrial type sales, 12 retail and 4 further sales across medical, hotel and leisure uses.

The table below indicates National Auction Clearance Rate figures.

 

Eliza Owen 
Commercial Research Analyst, CoreLogic


Subscribe to the free Commercial Pulse eNewsletter
Get the latest commercial news and sales data each week from our CoreLogic Commercial Pulse! Click here to subscribe

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.

Connect with CoreLogic

Enter your email address to subscribe to our e-newsletter, and have new posts delivered via email. You can also connect with CoreLogic on social media.

Trackbacks/Pingbacks

  1. Commercial Auction Results – Week ending 23rd June 2017 | RealEtateBuzz - June 29, 2017

    […] View post: Commercial Auction Results – Week ending 23rd June 2017 […]

Leave a Reply

Notify me of followup comments via e-mail. You can also subscribe without commenting.