Commercial Auction Results – Week ending 26th May 2017

The week ending 26^th of May saw a preliminary clearance rate of 69.2%, down dramatically from the previous week of 86.5%. The stock for sale at auction was also significantly lower, at just 13 commercial properties going up for auction over the week. In the same week of last year, preliminary auction results saw 69 properties go to auction, with a clearance rate of 43.5%.

The total value of properties sold in the week ending 26^th of May was $12.6 million. The highest value property sold…