The week ending 27th of January saw no auctions cleared, despite 4 commercial properties listed for sale by auction across Australia. This is a lower clearance rate than was seen in the previous week, where one of two listings was cleared at auction, at a value of $1.01 million.
This time last year saw a slightly higher acceleration of auction activity by the end of January, with 5 cleared sales of 6 listings. The combined total of sales this time last year was $5.81 million.
For the month of January, CoreLogic captured a total of 6 auctions, with one selling at auction. This follows a slow ramp up of commercial activity in the start of the year. Indeed, last year auction listings did not peak until the December quarter.
The table below indicates National Auction Clearance Rate figures.
Commercial Research Analyst, CoreLogic