Preliminary results show a clearance rate of 65.6 per cent across 32 commercial auctions for the week ending 19 August, which represents an increase in the clearance rate, from 57.5 per cent the previous week across 40 results. The latest result is also a higher reading when compared to the corresponding week last year, when 60.4 per cent of the 48 results were reported as successful. A total of 211 commercial auction results have been reported over the past four weeks, with 132 sales. The total value of transactions sits just below $161 million, based on the 101 results reported with a sale price.

2016_08_19_Auction_Graph

 

The table below indicates National Auction Clearance Rate figures.

2016_08_19_Auction_Table