According to CoreLogic preliminary auction results, the week ending 16th of March saw 29 properties go up for Auction across Australia, up from 27 in the previous week.
The preliminary figures suggest a clearance rate of 58.6%, with 17 properties sold prior to, or at, auction. The preliminary clearance rate suggests softer performance than the preliminary results of the previous week, where 17 properties were recorded out of 27 known auction results.
The 4 week rolling average clearance rose to 66%, indicating demand in commercial is starting to rebound following a soft start to the year.
For the third week in a row, Victoria saw the most properties taken to auction over the week, with 12 out of 15 properties sold.