Across the month, 64 commercial assets went under the hammer in capital cities and regional centres, achieving a national clearance rate of 73 per cent. On average, each property attracted 4.3 registered bidders, with 3.5 actively participating on auction day - a testament to the depth of buyer interest.
Most notably, sellers who opted to go the distance to auction achieved prices 12.98 per cent higher than the best offers received prior to the day.
“This was a resounding success for both our sellers and the new owners of these commercial properties,” said James Linacre, head of agency at RWC. “Each auction represented a story of competition, confidence, and the kind of future planning that drives our market forward.”
“The calibre of property offered was outstanding - from multi-unit residential blocks and industrial warehouses to heritage waterfront venues,” Mr Linacre said. “When we market quality property in this way, we often see record results.”
Among the standout auction results in June:
37 Patricia Street, Blacktown NSW
Sold under the hammer for $6.805 million
Seven registered bidders, five active
RWC Western Sydney - Andrew Sacco and Joseph Assaf
Entire complex of 13 townhouses sold in one line
1/53-57 Burrows Road, Alexandria NSW
Sold under the hammer for $4.55 million
Three registered bidders, all active
RWC Industrial City South - Costa Fragias and Marcus Schraag
Industrial warehouse and office
149 Shore Street North, Cleveland QLD
Sold under the hammer for $4 million
Eight registered bidders, three active
RWC Bayside - Nathan Moore and Alex Sinclair
Heritage waterfront restaurant and wedding venue
28 Station Street, Harris Park NSW
Sold under the hammer for $3.7125 million
Nine registered bidders, seven active
RWC Western Sydney - Joseph Assaf
Entire block of nine units
32-34 Station Street, Harris Park NSW
Sold prior to auction for $3.55 million
RWC Western Sydney - Joseph Assaf and Alex El Hazouri
13 room self-contained boarding house
11 Chard Street, Brookvale NSW
Sold under the hammer for $3.45 million
Three registered bidders, two active
RWC Sydney North - Logan Grisaffe and Max Stephens
Freehold industrial asset
Mr Linacre said the success of the showcase was also a reflection of the agency’s auction expertise and the commitment of its people.
“We have a group of exceptionally talented agents who are honing their craft and executing auctions at the highest level,” he said. “It’s about putting the best outcome for our clients at the centre of everything we do.”
“Whether it’s a seasoned investor selling down a portfolio, or a business owner looking to secure a new headquarters, these auctions delivered results that exceeded expectations.”
RWC will now turn its attention to its End of Year Auction Showcase, scheduled to run from mid November - mid December.
“We’re already preparing to take more than 100 commercial properties to market during that campaign,” Mr Linacre said. “And if the June results are anything to go by, we’ll be ending the year on a high.”
