CoreLogic collected 33 auction results in the week ending the 17th of November, representing a rebound from the 14 preliminary auction events collected in the previous week. Of the 33 auctions held, 20 sold at auction, suggesting a preliminary clearance rate of 60.6%, up from a preliminary clearance of 57.1% in the previous week.
Unlike most weeks this year, where Victoria has seen the most sales activity, New South Wales saw the highest number of auction events held at CoreLogic. 19 auctions were held in NSW, 7 in VIC and 7 in QLD.
Of the auctions held in NSW, 14 sold, providing a preliminary clearance rate of 73.7% in the state. It is worth noting that of these sales, 8 were industrial, including the highest auction result of the week.
Industrial real estate was the most ubiquitous sale type, reflecting a trend that has carried over most of the year. There were a further 6 office space sales, and four retail sales.