The volume of commercial auctions and clearance rate has continued to rise slowly after falling heavily at the end of April 2019.

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According to the latest data collected for CoreLogic’s preliminary auctions results, the national auction clearance lifted over consecutive reporting periods to 60.9%.

New South Wales’s auction clearance rate came in highest at 72.7%, followed by Victoria and Queensland at 65.3% and 42.8% respectively.

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Retail and industrial use property was the most prevalent types of property sold, followed by properties of broad use types office and medical.

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The highest reported sale at auction for the fortnight was a freehold property located at 668-672 Old Princess Hwy, Sutherland in NSW.

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The 4 level property built in 1989 was sold at a public auction held in Sydney on 14th May 2019.