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Commercial Auction Results - Week Ending 5th October 2018

Published 12/10/2018, 02:15 pm
Commercial auction results

CoreLogic’s preliminary auction results for the 2 week period ending 5th October 2018 show of the 49 properties taken to auction, 29 were sold indicating a clearance rate of 59.2%.

Whilst the clearance rate remains steady, the number of properties taken to auction has continued to drop since 14th September 2018.

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Office buildings accounted for the majority of sales, comprising 42% of commercial sales over the fortnight.

NSW had the highest selling commercial property for the reporting period. Ideally located in Bankstown’s Asian shopping district. The two-level and dual street frontage property at 204 – 308 Chapel Rd, Bankstown, sold on 28th September 2018 for close to $9 million.

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