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A âperfect stormâ smashes auction reserves
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Four in five properties changed hands at auction over the past week, as buyers proved more than a match for a growing pool of listings and bid strongly past reserve prices.
Sydneyâs preliminary clearance rate on the weekend bettered the previous weekâs, hitting 87.4 per cent. Melbourne was at 80.3 per cent, pegging level with a week earlier even as listing volumes more than doubled.
Nationally, the clearance rate was a strong 83.2 per cent, with a total of 2232 auctions listed on CoreLogicâs preliminary tally. The volume of auctions expanded significantly on the week earlier, when 1587 listings had delivered a preliminary clearance rate of 84.5 percent. That result was later revised down to 80 per cent nationally.
Time to get with the semi-professionals
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March 8, 2021 9.00pm
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“A house was sold this past weekend by ‘one of Australia’s leading real estate professionals’ (self-described),” writes Nino Pol of Randwick. “The vendor must have been delighted as the result was in their favour by 39 per cent above the auction guide. This perhaps raises questions about acceptable latitude in professional opinion and which occupations are right to describe their staff as ‘professionals’.”
George Zivkovic of Northmead notes: “Bunnings’ buildings retain the trademark device of three columns topped by coloured balls. Why? What is the significance of this instantly recognisable landmark?” Um, that it’s instantly recognisable?
Spiteful lack of empathy behind new âDobSeekerâ
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February 25, 2021 â 12.02am
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It appears the Prime Minister has an aversion to taking responsibility for his decisions (âJobSeeker rise an âall or nothingâ deal: Libsâ, February 24). Now it seems that âthe Australian peopleâ are to blame for the measly increase in JobSeeker. He is probably right if we are prepared to accept this and the draconian conditions imposed. To add insult to injury, we are also expected to grass up sneaky people trying to subsidise, unsurprisingly, the amount. Good luck to them with attending all those interviews and getting nowhere.