Commercial Auction Results – Week ending May 5th 2017

The preliminary commercial auction results for the week ending 5th of May indicate there were 22 commercial auctions held across Australia, with a successful clearance rate of 77.27%. This is lower than the previous week of 28 auctions at a clearance rate of 82.14%.

The number of results is surprising given the corresponding week in 2016 saw almost 70 auctions take place across Australia. Historical sales data suggests that commercial auctions should be much higher during this time of…