Commercial Auction Results – Week ending 17 August 2018

While the preliminary clearance rate is the highest in more than a year, with only 12 results reported over the week, there is a high likelihood the clearance rate will revise lower as more data is collected.  Despite the weekly jump in clearance rate, the trend has been strengthening since mid-June earlier this year. 

Eleven of the twelve commercial auctions were held in Victoria, including the highest price achieved, which was for a retail outlet on Malvern Road, Toorak, which sold for…