The final week of June saw a dip in commercial auction activity from the previous weeks. In the week ending the 30th, the preliminary results showed there were 43 auctions held across Australia with a clearance rate of 55.8% this is a lower clearance rate and volume than the preliminary results of the previous week, where 69 auctions were held with a clearance rate of 66.7%.
Of the 24 sold commercial properties in the last week of June, 14 were in NSW, five were in Queensland, four were in Victoria and one was in the ACT.
The most common type of commercial sale was in the industrial space (10), followed by office units and buildings (6) and retail (5).
The results are also below the equivalent week in 2016, where there were 74 auctions held and a clearance rate of 67.6%.
The table below indicates National Auction Clearance Rate figures.
Commercial Research Analyst, CoreLogic