Commercial Auction Results – Week ending 7th July 2017

Preliminary results for the week ending 7th of July saw just 16 commercial auctions across Australia, with 9 properties sold. This means the commercial auction clearance rate was 56.25%, following a gradual decline in the clearance rate over the last three weeks. Sales volumes were dramatically lower than the preliminary records of the previous week, with 75% fewer properties up for auction in the week ending the 7th. The total disclosed value of sold properties was $9.47 million according to the preliminary collection, putting the average disclosed sale price at $1.35 million for the week.

The preliminary results in the first week of July in 2016 saw a similarly drastic decline in the number of commercial auctions held, with the total estimated number of properties up for auction declining 62% on the previous week in 2016.

 

 

Eliza Owen 
Commercial Research Analyst, CoreLogic


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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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