1. Week Ending 17th November 2017 | www.corelogic.com.au
Top Sale Price of the Week
Lot 1, Canterbury Rd, Bankstown
Sale Price
$3,000,000
Property Type
Industrial Warehouse Unit
Sale Method
Sold at Auction
Selling Agency
Colliers International
CoreLogic collected 33 auction results in the week ending the 17th of November, representing a rebound from the 14 preliminary auction events collected in the previous week. Of the 33 auctions held, 20 sold at auction, suggesting a preliminary clearance rate of 60.6%, up from a preliminary clearance of 57.1% in the previous week.
Of the auctions held in NSW, 14 sold, providing a preliminary clearance rate of 73.7% in the state. It is worth noting that of these sales, 8 were industrial, including the highest auction result of the week.
Industrial real estate was the most ubiquitous sale type, reflecting a trend that has carried over most of the year. There were a further 6 office space sales, and four retail sales.
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. 19 auctions were held in NSW, 7 in VIC and 7 in QLD.
Share of Commercial Property Sale by Type, Australia Wide – Week ending 10th November
Industrial
Retail
Hotel & Leisure
Commercial
Medical & Misc.
50%
20% -
30%