Brisbane auctions ramp up this weekend. Photo: Darren England.Brisbane’s auction market is performing well despite a comparably low clearance rate, according to Corelogic.The analyst’s latest data reveals Brisbane last week recorded the nation’s lowest clearance rate at 50 per cent.For the same period, Sydney recorded a clearance rate of 76.8 per cent while Melbourne had 77 per cent clearance.However, CoreLogic auction spokesman, Kevin Brogan, said a deeper dig into the numbers proves the city is actually doing well in the auction stakes.Mr Brogan said, historically, a clearance rate of 50 per cent for Brisbane is good, particularly when you consider relative prevalence of auctions across capitals.“In Sydney and Melbourne 40 per cent or more of houses go to auction,” he said.“Fewer than 10 per cent of the properties go to auction in Brisbane.”Brogan says agents don’t necessarily measure the success of an auction campaign by whether the property sells under the hammer.More from newsMould, age, not enough to stop 17 bidders fighting for this homeless than 1 hour agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor7 hours ago“It’s possible it (may) help you to negotiate a private treaty sale which is, at the end of the day, a successful outcome.”Brogan also said the average vendor discount for private treaty shows Brisbane, at five per cent, is operating in-line with southern capitals.Vendor discounts relates to the eventual sale price for a property compared to its initial asking price.“Sydney’s 4.1 per cent and Melbourne’s 3.8 per sent,” he said.Among the Brisbane properties up for auction this Saturday is 28 Loch St, West End at 9:00am 28 Loch St, West End.The draw of Brisbane State High School catchment will overcome most buyer’s reservations about having to raise a paint brush.If you have a wish to be river side, take a look at 34 Gordon St, Hamilton at 10:00am where a gathering crowd will see a very desirable waterfront holding go on the block.In addition, 4 Stubley St Wavell Heights at 11:00am looks set to make waves with its unique architectural design sure to draw in the locals.
L-R: CEO Hideaplus Ltd, Tony Pemu; Sir. Monday Ebong Uko, Hon Commissioner Youth and Sports, Prof Nse Essien, Commissioner Education and Elder Paul Bassey, SSA to Governor Udom Emmanuel on Sports shortly after the inauguration of the Local Organising Committee for the Zenith bank/Akwa Ibom principals Cup…on Tuesday in Uyo Succour has returned to football-craving students of secondary schools in Akwa Ibom State with the rebirth of the Principals’ Cup competition billed to start later in the month.The football championship which is organised by Akwa Ibom State Sports Council in collaboration with one of Nigeria’s leading commercial banks, Zenith Bank Plc, and it is tagged ‘Zenith Bank Akwa Ibom State Principals’ Cup.’Inaugurating the Main Organizing Committee (MOC) for the football fiesta, Tuesday, the Chairman of the MOC and Commissioner for Youth and Sports, Sir Monday Uko thanked Governor Udom Emmanuel for approving the hosting of the championship and described the competition as one of the many sports initiatives of the present administration. He thanked Zenith Bank Plc for identifying with the recent surge of sports in the state and described the banking giants as ‘a top player when it comes to Corporate Social Responsibility’ while craving for more corporate sponsorship in the area of other sports in the State.Also speaking, the Co-Chairman of the MOC and Commissioner for Education, Professor Nse Essien, pledged the total participation of all secondary schools in the state and prayed that future football superstars will be discovered at the football championship.While fielding questions from journalists, the tournament’s Consultant and Chief Executive Officer of Hideaplus, Tony Pemu, pledged his readiness to bring his wealth of experience to the fore in the discharge of his duties so much so as to give the state a befitting competition.The Committee has Monday Uko as Chairman, Professor Nse Essien as Co-Chairman and veteran FIFA/CAF Match Commissioner, Paul Bassey, as Vice Chairman while Emmanuel Ebong serves as Secretary.Others are Lawrence Iquaibom (coach), Mr. Emmanuel Ibah and Tony Pemu – members.The sub-committees also inaugurated include Technical/Verification, Media/Publicity/Marketing/Branding and Security Committees. Others are Medicals, Logistics/Entertainment/Protocol and Protest/Disciplinary Committees.The football championship is to begin with local government stage later this month.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram