Preliminary auction results suggested CoreLogic captured just 10 commercial auction events in the week ending the 25th of August. Of these, 5 cleared at auction. This is significantly lower than the 48 auctions held in the previous week.
The cleared auctions were in New South Wales, where one of two commercial properties sold, and Victoria, where four of seven properties sold. The highest value auction result was a $2.45 million retail store Essendon North, in Victoria.
The table below indicates National Auction Clearance Rate figures.
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