According to CoreLogic preliminary auction results, the week ending 23rd of February saw 38 properties go up for Auction across Australia. The preliminary figures suggest a clearance rate of 58%, with 22 properties sold prior to, or at, auction. 

The data collected so far by CoreLogic suggests that the cleared auctions were dominated by industrial real estate, at 45%.  

This reflects broader commercial market trends; about 40% of the private treaty and auction transactions combined  were industrial real estate over 2017. 

industrial

45%

retail

15% 

hotelandleisure

5% 

office

25% 

medicalandmisc

10%

Interestingly, most properties up for auction were a range of properties across Queensland. However, New South Wales retained the strongest preliminary clearance rate. While the New South Wales figures were too low to be indicative of market trends.