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Brisbane has harshly judged the auction process before but buyers seem to be learning its benefits

first_imgAcceptance of auctions is on the rise“$755,000” came the reply from a new bidder. He was standing with a group, they looked like a family and they were neatly presented like they were headed to church.“$760,000” from another new bidder, this was their only bid.I looked toward the rear of the crowd, our hitman was now out.“Is it on the market?!” Came a bullish question from a lady standing about a metre away, almost right next to me who had not yet bid.She was with two other ladies of similar age and they were gathered around a graceful senior citizen who was sitting in a chair. I assumed this was their mum and these girls were ready to rumble.“No we are not” I replied “Would it make a difference if we were?” I questioned. I wanted to test her courage in front of the large crowd.“$770,000” our neat couple were back in front.“We’re on the market Haesley” called out Kylee Dallimore from Ray White Albion.More from newsMould, age, not enough to stop 17 bidders fighting for this home4 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor4 hours ago“Well madam you’ve heard the instructions, do you want to bid now?” I jabbed at my boisterous combatants who at this stage had still not bid.“$775,000” they jumped.For the next five or ten minutes these two families, the neat family and the ladies with mum, thumped each other back and forth in this quiet Northside avenue. “How could you do this and bid against an old lady?!” jeered the family on the stage. I giggled, this fight seemed to have no holds barred.As the bidding squeezed to a head in the high $840,000s the neat family jumped to $850,000 to try and shake their punch happy combatants. “$850,500” came the reply after a quick debrief. Brisbane buyers are warming to the auction processWith a cracking blue Brisbane sky hanging overhead on Saturday I saddled up for a full day of auctions.The first cab off the rank was a neatly presented home in Wavell Heights on Brisbane’s Northside. What made this auction noteworthy was the bidding strategy and the epic battle that kicked off from the opening bid. “$500,000” was the call from real estate stalwart Dwight Ferguson of Ray White Ascot. I thought $50k bids sounded appropriate and requested $550k from the crowd. “$750,000!” came the reply from one eager bidder at the rear of the crowd “Seven hundred and fifty thousand?” I queried. “yes”they responded. Beauty! Now obviously this is all moving at the speed of Cup Day at Flemington, but internally there is a soft calm and I was interested to see how the other bidders would recover from this attempted knock out blow. After a deep breath the market recovered. An auction can be a very transparent way to buy property.“$855,000” they shot back quickly. With their breath held they waited for a response. Both sides poker faces had been broken many thousands of dollars ago.With a look of bidding fatigue and a group consensus “It’s yours, congratulations” came the call from my four new female friends.“Once, twice, third time. sold!”The crowd cheered, the bidders shook hands and the families both inside and outside the house wept while embracing.With 12 registered bidders, five participating and an array of different bidding strategies I left that auction very happy with the Brisbane market.I loved the interaction and courage of those buyers. They had arrived with a plan, with budgets and didn’t get overwhelmed.They pushed back at me, asked for time and moved at their pace. As a city, even as a state, we have harshly judged auctions as a method of sale to buy through unless the sale is due to tragic circumstances and there is a scent of bargain in the air.Buyers seem to be learning that transparency and a willing seller is the easiest and most transparent way to buy property. With our southern neighbours auctioning and clearing nearly double the Brisbane average there is definitely room for improvement but auctions like the one at Wavell Heights are welcome green shoots that acceptance and comfort is on the rise.last_img read more

Wednesday February 5th Local Sports

first_imgDES MOINES — Drake looks to regain its winning form tonight by hosting Bradley. The Bulldogs are 5-5 in Missouri Valley play.That’s Drake coach Darian DeVries who says they need to be more patient on offense than they were in a loss to the Braves in Peoria.Bradley is 6-4 in the Valley. ST. PAUL (AP) — Matt Dumba scored with 2:39 remaining in overtime to lift the Minnesota Wild to a 3-2 win against the Chicago Blackhawks. Kevin Fiala scored twice for Minnesota and Alex Stalock made 27 saves. Dumba snapped a 33-game goal-scoring drought with his fourth of the season as the Wild won for the second time in three games.Adam Boqvist and Olli Maatta scored in the third period for Chicago. Corey Crawford made 31 saves for the Blackhawks, who had won six of their previous seven games. MASON CITY – NIACC sophomore Autam Mendez was selected as the Iowa Community College Athletic Conference women’s basketball player of the week for the week of Jan. 27-Feb. 2.Mendez, who is from St. Paul, Minn., scored 22 points, including four 3-point goals, in the Lady Trojans’ win over then No. 1 Kirkwood last Wednesday. She also scored 25 points with 10 rebounds in a win over DMACC last Saturday.It is the second time in her career that Mendez has earned the conference player of the week honor. She also won the award in the 2018-19 season for the week of Jan. 21-27.It is the second time this season that a NIACC women’s player earned the league’s player of the week honor. Freshman Sierra Morrow earned the award for the week of Nov. 1-10.Mendez averages 15.3 points per game, which ranks third in the conference. She is second on the Lady Trojans with 47 3-point goals and second on the team with 147 rebounds.Mendez ranks 10th on NIACC’s career scoring list with 863 points, ranks fifth with 130 career 3-point goals and ranks eighth with 440 career rebounds.No. 1 NIACC (23-1 overall, 10-0 in the ICCAC) returns to action tonight in a conference game at Iowa Lakes. ALGONA — Clear Lake saw their nine-game winning streak snapped, falling for the first time in North Central Conference play this season with a 48-45 loss at Algona last night, as you heard on AM-1490/96.7-FM KRIB. Algona led for the entire first half, but the Lions outscored the Bulldogs 17-14 in the third quarter to take a 38-36 lead. The teams traded the lead several times in the fourth quarter, but the Bulldogs outscored Clear Lake 12-7 in the final frame for the win. Sara Faber had 10 while Darby Dodd added eight to lead Clear Lake, as the Lions drop to 16-2 overall and 11-1 in the conference. The Lions host Garner-Hayfield-Ventura on Thursday night in non-conference play, followed by hosting Humboldt in conference play on Friday. IOWA CITY — The 17th ranked Iowa Hawkeyes face a tough challenge tonight against a Purdue team that has been tough to beat at home. Iowa coach Fran McCaffery says among the challenges is the play of Purdue guard Jahaad Proctor. The senior has averaged 14 points and shot nearly 50 percent from three point range the last two games.Iowa junior center Luka Garza is coming off a career-high four three pointers in a win over Illinois and McCaffery says that has always been a part of his arsenal.Sophomore guard Joe Weiskamp has become a more complete player this season. Weiskamp is ninth in the Big Ten in scoring and 15th in rebounding.Iowa has lost nine of ten in Mackey Arena. You can hear the Iowa-Purdue game on AM-1300 KGLO starting with the pre-game at 5 o’clock with tipoff slated for 6 o’clock. — boys basketballNewman 61, Central Springs 35Bishop Garrigan 58, Forest City 51Iowa Falls-Alden 64, Hampton-Dumont-CAL 60Lake Mills 86, North Iowa 50Osage 61, Rockford 31Saint Ansgar 42, Northwood-Kensett 36West Fork 58, North Butler 22West Hancock 65, Belmond-Klemme 42 WEST DES MOINES — Dowling swept Mason City in a CIML basketball doubleheader last night, as you heard on AM-1300 KGLO. The Dowling girls handled Mason City 79-38. Anna Deets had 16 to lead the Mohawks while Sami Miller added eight. The Dowling boys raced out to a 24-8 lead on their way to a 92-41 win over Mason City. Jeff Skogen led Mason City with 12 points. The Mohawks drop to 5-10 on the season and will travel to Marshalltown on Saturday. AMES — Iowa State coach Steve Prohm is not concerned about criticism of the program affecting his players. The Cyclones are 9-12 overall and just 2-6 in the Big 12 heading into tonight’s game at West Virginia.Tonight’s game ends a tough stretch for the Cyclones that has seen them lose three straight.Prohm says two keys against the Mountaineers are handling their press and rebounding.Tipoff in Morgantown is scheduled for 6 o’clock tonight CEDAR FALLS — Northern Iowa takes the Missouri Valley Conference lead on the road tonight to Valparaiso. The Panthers won the first meeting in Cedar Falls but Valpo senior Ryan Fazekas has returned from injury and is averaging over 10 points and shooting over 47 percent from three point range.That’s Panther coach Ben Jacobson who says Fazekas helps open up the offense.The Crusaders are 5-5 in the Valley but 8-1 at home this season. TONIGHT:AM-1300 KGLO — Iowa men at Purdue — pre-game 5:00, tipoff 6:00 — girls basketball last nightNewman 46, Central Springs 36Bishop Garrigan 79, Forest City 56Clarion-Goldfield-Dows 50, Webster City 42Crestwood 72, Charles City 51Hampton-Dumont-CAL 51, Iowa Falls-Alden 27Lake Mills 56, North Iowa 29Osage 84, Rockford 18Saint Ansgar 65, Northwood-Kensett 30West Fork 56, North Butler 40West Hancock 61, Belmond-Klemme 31last_img read more