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CoreLogic Commercial Auction Summary
Week Ending 3rd November 2017 | www.corelogic.com.au
Top Sale Price of the Week
71A Burrows Road, Alexandria, NSW, 2015
Sale Price $3,830,000
Property Type Warehouse
Sale Method Sold at Auction
Selling Agencies LJ Hooker Commercial -South Sydney
Share of Commercial Property Sale by Type, Australia Wide – Week ending 17th of August
Industrial Retail Hotel & Leisure Office Medical & Misc.
57% 29% 0% 14% 0%
Week Ending 24th August 2018 | www.corelogic.com.au
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 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.
Historical Clearance rates have data breaks where there are less than 12 observations in the week