Commercial Auction Results – Week ending 21st July 2017

Preliminary auction results for the week ending July 21st saw 27 auctions held across the country. Of these auctions, 13 sold, resulting in a preliminary clearance rate of 48.15%. The combined sales value of these properties was $9.76 million. 8 of these sales were in New South Wales, 4 were in Victoria, and 1 was in South Australia.

6 of the 13 sales were retail shops. Retail turnover in Australia was up over 3% in the year to June, driven largely by café, food and take away services….