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Brisbane’s auction hot spots: The suburbs where you’re more likely to sell your home at auction

first_imgThis house at 9 Rugby St, Coorparoo, is going to auction.Mr Lloyd said the brand new five-bedroom, three-bathroom house on a 728 sqm block was the perfect family home and could not be in a better location.“Coorparoo is just a fantastic suburb,” he said.“It’s got the new Coorparoo Square going in, it’s close to the city and the Gabba, and is very good for families.”Mr Lloyd admitted he was initially hesitant about taking the property to auction.“There’s a lot of buyers out there looking for good products and the best way to realise true market value is through an auction,” he said.“It gives it a clear time frame and a bit of urgency for potential buyers.” NEW WAY TO PAY FOR RENTALS The new Coorparoo Square development in Coorparoo. Picture: Brian Bennion.Across the regions, auction volumes fell on the Sunshine Coast, while the Gold Coast was the busiest market with 752 homes going under the hammer.Despite this, the Gold Coast recorded the lowest success rate during the quarter of 39 per cent.BRISBANE’S AUCTION HOT SPOTSSuburb Clearance rate (Dec. Q) Total auctions (Dec. Q)Coorparoo 63.0% 32Ashgrove 61.5% 28New Farm 57.1% 22Paddington 52.9% 38Clayfield 51.9% 31Bardon 48.0% 32Morningside 47.6% 22Camp Hill 47.2% 36Calamvale 45.5% 22Eight Mile Plains 45.5% 35Cleveland 45.0% 25Bulimba 45.0% 20Ascot 45.0% 21Sunnybank Hills 43.9% 60Hamilton 43.5% 23Hendra 37.0% 30Sunnybank 25.0% 20(Source: CoreLogic) Crowds gather at an inner-city house auction.Marketing agent Phil Burley of Place Bulimba said auctions were becoming more popular among buyers and sellers in Brisbane’s inner-city market.“I think the whole inner-city market is more comfortable with buying and selling at auction,” Mr Burley said.More from newsParks and wildlife the new lust-haves post coronavirus21 hours agoNoosa’s best beachfront penthouse is about to hit the market21 hours ago“Sellers in particular are more and more comfortable to let the market determine the value of their property, which has been a reluctance in the past.”He said he was not surprised Coorparoo had the highest auction clearance rate in Brisbane, given the quality of homes and schools in the area and new developments like Coorparoo Square. Rebecca and Michael Lloyd with Boston 7yrs at their Hamptons-inspired home at 9 Rugby St, Coorparoo which will go to auction at 11am on February 10. Picture: Annette DewBRISBANE’S auction market is outperforming the rest of the country, with new figures revealing it was the only capital city, besides Adelaide, to record a rise in its clearance rate last quarter. And the city’s new auction hot spots are no longer the usual blue-chip suspects, with homes more likely to sell under the hammer in suburbs such as Coorparoo, Calamvale, Morningside, Sunnybank and Eight Mile Plains.While the number of homes selling at auction across the country fell in the three months to the end of December, Brisbane bucked the trend, according to the latest figures from property analytics company CoreLogic.Sydney led the overall decline, with its auction clearance rate plummeting from 66.8 per cent to 57.7 per cent — another indicator the country’s biggest housing market is cooling — while Brisbane recorded a 0.2 per cent rise in its success rate to 46.7 per cent.After Sydney and Melbourne, the Queensland capital also had the most auctions during the December quarter, with 2012 properties. GET THE LATEST REAL ESTATE NEWS DIRECT TO YOUR INBOX HERE CoreLogic’s latest auction review reveals the national clearance rate has fallen.More homes were taken to auction in Sunnybank Hills than anywhere in Brisbane in the final quarter of 2017, while Coorparoo saw the most properties sell at auction; recording a clearance rate of 63 per cent.Just 5km from the CBD, Coorparoo has a median house price of $860,000.Michael and Rebecca Lloyd’s Hamptons inspired home at 9 Rugby St, Coorparoo, is scheduled to be auctioned on Saturday, February 10 at 11am. HOTTEST RENT SPOTS REVEALED last_img read more

Trojans’ hot start should continue

first_imgNick Burton is a senior majoring in broadcast and digital journalism. His column, “Any Given Saturday,” runs Thursdays, ironically. To comment on this story, visit dailytrojan.com or email Nick at burtonn@usc.edu. With all of the hype surrounding USC baseball’s hot start to the 2014 season — wait, what? Hype surrounding USC baseball? The team that’s had a .470 winning percentage in the last decade (and .407 in the last three years)?Yes, as has been seemingly well-documented, the USC baseball team is off to a thrilling 7-1 start, with four walk-off wins to its name — three coming in extra innings. My esteemed colleague Nick Selbe gave you all the details on Tuesday regarding the team’s early successes, so I’m here to step back and give a bigger-picture look.First, a cautionary tale: The 2012 USC baseball team started the season 7-0 and 12-3, climbing its way into the national rankings for the first time since 2007. That hot start included two consecutive home sweeps to open the season and a home win against a powerful Cal State Fullerton squad, all of which the Trojans have also accomplished this year.That 2012 team ended up 23-32, going 11-29 the rest of the way with an incredibly dismal 1-15 stretch to finish the season.Nothing was expected from that 2012 team, however, and their hot start was ultimately more surprising than their 10th-place finish in conference play that year.But this 2014 team is supposed to be different. Not that they are supposed to end up in Omaha, but the consensus seems to be that the Trojan baseball team will experience its first winning season in nine years. A collapse akin to 2012 would indeed be shocking.But why? What is different about this 2014 team, whose weekend rotation is exactly the same as 2013’s and whose starting lineup features six or seven of the same players as last year’s, which was technically the worst team USC has put on the field in close to 30 years?I harp on that a lot, much to the annoyance of many, I’m sure. But it simply underscores how dramatic a turnaround is expected of the USC baseball program this year. On paper, the only difference is that last year’s freshmen are this year’s sophomores with a mere season of collegiate experience under their belt.But the 2013 Trojans were not as bad as their record indicates. Twelve (that’s a full third) of their losses came by just one or two runs. I cannot possibly recall how many times the Trojans hung with a team that was probably more talented for seven or eight innings before finally succumbing, or how many games they could have won with just one timely hit.In 2013, the Trojans developed a sense of resiliency that I had not seen in my previous two years covering other bad USC teams. But games aren’t won based on desire, and the fact of the matter was that USC couldn’t come through in the clutch.But so far this year, the Trojans are getting those timely hits. Sure, it took them 11 innings in their first game of the season and 15 in their second, but the Trojans are doing what they failed to do throughout the 2013 campaign. The resiliency that emerged last year is back, and this time it is generating results.Last Friday, USC scored two runs in the eighth inning and two in the ninth for a 4-3 win over North Dakota State. On Sunday, they completed a sweep of the Bison by scoring two to tie the game in the eighth and then won in the bottom of the 12th after surrendering a run in the top of the frame.That can’t happen every game, of course, and on Tuesday USC suffered its first loss of the season to Long Beach State in a tight 2-1 game.Still, the 7-1 start to USC’s 2014 campaign is obviously promising.In 2012, the Trojans visited No. 6 North Carolina after a 7-1 start to their season, and they dropped the first two games before salvaging a win on Sunday.This weekend, weather permitting, the Trojans will host the No. 17 Cal Poly Mustangs at Dedeaux Field. It’s still early, but we are going to find out soon how different these 2014 Trojans really are.last_img read more