Preliminary results shows a higher volume of commercial auctions over the week ending 28th October, with the auction clearance rate decreasing slightly. Of the 66 reported commercial auctions, 65.1 per cent were successful, which is only marginally lower than last week’s 66.6 per cent of the 57 reported results. Over the corresponding period last year, the number of auctions are significantly lower compared to the 144 reported, while the clearance rate is higher than the 54.8 per cent reported over the equivalent week. A total of 226 commercial auctions have been reported over the past four weeks, with 128 sales. The total value of transactions, based on the 87 results with a sale price is just short of $211.2 million.

2016_10_28_auction_graph

 

The table below indicates National Auction Clearance Rate figures.

2016_10_28_auction_table