The Commercial Auction Market In 2017

According to preliminary results from CoreLogic, 2017 saw 2,323 properties go up for auction. Of these, 1,674 properties sold. Over the year, the average weekly clearance rate was 70.9%, suggesting strong appetite for commercial stock. 

35% of cleared auction stock was industrial real estate, largely represented by warehouses. Victoria saw the most industrial sales, at 234. This was followed by New South Wales, which saw 213 industrial properties sold at auction over 2017.