Over the week ending 2 September, there were 28 commercial auctions held with half of all reported results selling. On a week on week basis, auction activity is lower, with 35 auctions held over the previous week and activity is also lower than at time last year when 51 auctions were held. In addition to the lower volumes, the preliminary clearance rate of 50.0 per cent is also down from the previous week (71.4 per cent) and lower than the 76.5 per cent one year ago. Over the past four weeks there have been 156 commercial auctions reported, with 96 sales. The total value of transactions, based on the 64 results that were reported with a sale price, sits just below $123.44 million.
The table below indicates National Auction Clearance Rate figures.