CoreLogic’s preliminary auction results for the 2 week period ending 21st September 2018 saw 61 commercial properties taken to market across Australia. The preliminary figures suggest a clearance rate of 50.82% with 31 properties sold prior to, or at, auction.
Industrial property sales were reported as lower this fortnight whilst retail type property sales were higher than usual, accounting for 40% of properties sold.
The highest selling commercial property reported in preliminary results for the reporting period was in Queensland. Leased by Think Childcare Ltd until 2058, 45 Maynard St Woolloongabba is reported as being sold on 12th Sept 2018 at an auction held at Melbourne’s Crown Casino.