According to CoreLogic preliminary auction results, the week ending 20th of July saw 19 commercial properties go up for auction across Australia.
The preliminary figures suggest a clearance rate of 63.2%, with 12 commercial properties sold prior to, or at, auction. This shows a recovery from last week, where the auction clearance rate dipped below 50% to 43.3%.
The 4 week average clearance rate is now 52.7%, up from 50.8% in the previous week. The highest volume of sales was in Victoria, where 6 of 8 properties sold.
The most common kind of sale over the week were office (5) and industrial (5) properties, including the top sale over the week, a service station in Randwick.