According to CoreLogic preliminary auction results, the week ending 9th of March saw 27 properties go up for auction across Australia, down from 40 in the previous week.
The preliminary figures suggest a clearance rate of 63%, with 17 properties sold prior to, or at, auction. The preliminary clearance rate suggests softer performance than the preliminary results of the previous week, where 44 properties were recorded out of 56 known auction results.
The four week rolling average clearance rose to 60%, indicating demand in commercial is starting to rebound following a soft start to the year.
For the second week in a row, Victoria saw the most properties taken to auction over the week, with nine properties sold.