According to CoreLogic preliminary auction results, the week ending 6th of July saw just 15 commercial properties go up for auction across Australia, following a trend of declining auction volumes over the last 6 months. 

The preliminary figures suggest a clearance rate of 53.3%, with 8 properties sold prior to, or at, auction. This has brought the rolling monthly average clearance rate down to just 50.3%.

industrial

37%

retail

13% 

hotelandleisure

-%

office

50%

medicalandmisc

-%

This is far lower than the same week last year, which saw a clearance rate of 67.5% across 40 auction events. The decline in the clearance rate and volume of commercial auctions suggests a softening in commercial market performance. 

The data collected so far by CoreLogic suggests that the cleared auctions were concentrated in NSW, with 5 of 8 properties sold.