By Commercial Research


Over the week ending 11 December the preliminary auction clearance rate was recorded at 75 per cent, the highest clearance rate since the first week of September this year. Preliminary results show that auction volumes fell last week, down to 60 from 97 the previous week. Over the previous week, the auction clearance rate was recorded at 55.7 per cent. At the same time last year, 106 auction results were reported with a success rate of 57.6 per cent. There have been 360 commercial auctions reported over the most recent four week period with 215 sales, equating to a clearance rate of 59.7 per cent over the period. Of the 215 sales reported, 159 have been reported with a sale price, totalling $297.8 million.

The table below indicates National Auction Clearance Rate figures.


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Source: RPD

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