CoreLogic’s preliminary auction tracking reported 12 commercial properties being taken to market over the week ending August 24, with 8 sales, providing a preliminary auction clearance rate of 67%.

The rolling four week trend (64.8%) has been improving since the second week of July, with last week’s preliminary data providing the highest clearance rate trend since early June.

industrial

57%

retail

29% 

hotelandleisure

0%

office

14%

medicalandmisc

0%

Industrial properties continue to comprise the large majority of auction sales, however analysing CoreLogic auction data over the year to date shows industrial and retail auction sales have comprised a relatively similar proportion of the market at 32.5% and 31.3% respectively.

The standout sale was a warehouse in Sydney’s Alexandria which sold at auction for $3.83 million.