Commercial Auction Results – Week ending 9th June 2017

The preliminary CoreLogic results suggest there were 37 auctions held in the week ending the 9th of June, with a clearance rate of 62.2%. This is a higher clearance rate than the previous week, however because the number of properties at auction were lower, it represents fewer sales and a lower combined value.

The preliminary results this week mirror the equivalent week of 2016, where 43 auctions obtained a clearance rate of 60.5%.

The combined value of reported commercial auctions over the week was $18.5 million, with an average sale price of $1.3 million. Approximately 30% of cleared auctions were in the retail space, 6 of which were in the Melbourne Metropolitan area.

 

The table below indicates National Auction Clearance Rate figures.

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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