Commercial Auction Results – Fortnight Ending 21 June

The latest data collected for CoreLogic’s preliminary auctions results indicate the clearance rate was higher this reporting period at 54.8%. However the result was achieved on low volume, with just 31 auctions recorded, the lowest recorded for the year to date.

Victoria’s auction clearance rate came in highest at 66.7%, followed by New South Wales and Queensland at 57.1% and 50% respectively.

Industrial use property continues to be the most prevalent type of property sold,…