Commercial Auction Results – Fortnight Ending 7 June

The latest data collected for CoreLogic’s preliminary auctions results indicate the clearance rate slipped to 49.1% this reporting period.

While the volume of commercial auctions remains subdued, the current long term clearance rate of 54.7% is only marginally below the 12 month median of 56.4%.

Victoria’s auction clearance rate came in highest at 53.8%, followed by New South Wales and Queensland at 45.4% and 33.3% respectively.

Industrial use property was the most prevalent type of…