According to CoreLogic preliminary auction results, the week ending 8th of June saw just 13 commercial properties go up for auction across Australia. The preliminary figures suggest a clearance rate of 84.6%, with 11 properties sold prior to, or at, auction.
The data collected so far by CoreLogic suggests that the cleared auctions were dominated by industrial property types, with 6 sales.
While the number of auctions is likely too small to provide a meaningful insights (for example, an 84.6% clearance rate is unusually high), the data does reflect a typically high portion of industrial sales.
This week only saw preliminary results for New South Wales, Victoria and Queensland, with 8, 2 and 1 successful transactions respectively.