There were 37 reported commercial auctions over the week ending 11th November, with a clearance rate of 67.5 per cent, this is higher than the previous week’s 50.0 per cent across 12 results. Although, when compared to the corresponding week last year when there were a total of 67 auctions recorded and a 56.7 per cent clearance rate, auction volumes are trending lower. Over the four weeks ending the 11th November, there were a total of 233 reported commercial auctions, 142 reported as sold and 94 of those with a sold price; falling just short of a total transacting value of $215.7 million.

2016_11_11_auction_graph

 

The table below indicates National Auction Clearance Rate figures.

2016_11_11_auction_table