Commercial Auction Results – Fortnight Ending 12 April

CoreLogic’s preliminary commercial real estate auction results for the latest reporting period show there were 108 properties taken to auction of which 45 sold providing a clearance rate of 41.6%. Whilst this figure is lower than recent results, the longer term trend remains close to the median clearance rate of 56.6% for the last 12 months.

Initial auction volume results recorded across the nation are in keeping with usual market activity.

The lower clearance rates are…