Preliminary results show that 41.7 per cent of the 24 reported commercial auctions were successful over the week ending 9 September, indicating a week-on-week fall in clearance rates, down from 52.0 per cent over the previous week, based on 50 reported results. Current auction activity shows weaker market conditions when compared to last year, when the auction clearance rate over the week was 68.0 per cent across 50 reported results. Over the four weeks ending 9 September, 184 commercial auction results have been reported, with 106 sales. Of these 106 sales, 77 have been reported with a sale price, totalling just short of $150.1 million.

2016_09_09_auction_graph

 

The table below indicates National Auction Clearance Rate figures.

2016_09_09_auction_table