According to CoreLogic preliminary auction results, the week ending 10th of August saw 25 commercial properties go up for auction across Australia.
The preliminary figures suggest a clearance rate of 56.0%, with 14 commercial properties sold prior to, or at, auction. The preliminary clearance rate was the lowest over the past three weeks, however the four week average clearance rate remains at a nine week high.
The 4 week average clearance rate is now 59%. The highest volume of sales was in New South Wales, where 5 of 10 auctioned properties sold.
The most common type of property sold over the week were office properties, comprising 46% of the results, followed by industrial properties (31) and retail (23%).