Commercial Auction Results – Week ending 23rd June 2017

The week ending June 23^rd saw a total of 53 commercial auctions held across Australia, with a clearance rate of 69.2%. This is a stark increase on the number of auctions held in the previous week, when just 30 auctions were held with a clearance rate of 56.7%, suggesting continued buoyancy in the market.

Half of the sold auctions were in New South Wales, followed by 13 sold in Victoria. Of the cleared auctions, 16 strata offices were sold. Two office building were also sold, one in…