CoreLogic collected 21 auction results in the week ending the 24th of November, representing a slight cooling in commercial auctions from the 33 preliminary auction events collected in the previous week. Of the 21 auctions held, 11 sold at auction, suggesting a preliminary clearance rate of 58.7%, down slightly from 61.7% 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. 13 auctions were held in NSW, 6 in VIC and 2 in QLD.
Of the auctions held in NSW, 6 sold, providing a preliminary clearance rate of 46.2% in the state. Of these sales, 4 were industrial, including the highest auction result of the week.
Industrial real estate was the most ubiquitous sale type (6 of the 11 sales), reflecting a trend that has carried over most of the year. There were a further 2 office space sales, 2 retail sales and 1 medical suite.