Preliminary auction tracking by CoreLogic reported 23 commercial properties being taken to market over the week ending September 7, with 17 sales, providing a preliminary auction clearance rate of 74%.
 
Industrial properties continued to comprise the large majority of auction sales, followed by office and retail properties.

industrial

41%

retail

24% 

hotelandleisure

0%

office

29%

medicalandmisc

6%

Victorian commercial property continues to dominate preliminary market results. Of the 13 properties taken to auction, just 1 property was passed in.

Victoria also had the standout sale for the fortnight ending 7th Sept 2018 with a well known Melbourne CBD landmark and heritage listed property in King St sold at auction for $5.9million.