Auction numbers primed to rise despite softer clearance rates

first_imgAuction numbers are set to rise in 2017. Picture: Tara Croser.ONE analyst said despite last week’s softer auction clearance rate in Brisbane, the sale method will gain popularity this year.Corelogic’s most recent Auction Market Preview shows Brisbane had 102 Auctions scheduled for last week with 84 proceeding to an event.Of those offered under the hammer, 57.1 per cent sold compared to 63.0 per cent for the week before.Corelogic auction spokesman, Kevin Brogan, said the softer result is good compared to the city’s past performance.“The number of auctions this week at 117 is at the lower end of what might be considered normal but it’s a bit timely.“That’s quite a normal set of volume as we ramp up into the 2017 season, but last year you had a clearance rate sitting in the high 40 per cent to low 50 per cent – so when you say the clearance rate is maybe a bit lower, it actually sits within a certain per cent of what it was for last week – so it’s not a bad result for Brisbane at all.”More from newsMould, age, not enough to stop 17 bidders fighting for this home3 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor8 hours agoMr Brogan said Brisbane will continue to have lower auction numbers than Sydney and Melbourne.“There is an issue of, if I can call it, ‘cultural acceptance’.“In somewhere like Brisbane, and also in Adelaide, the properties that go to auction are those that are really where the agent identifies they’ve got a competitive edge in the market.”He said these are the more unusual listings that need be tested on the market.“So you tend not to see the sort of things that you might get in Melbourne, for example, where you get a regular sort of house going to auction.”Despite this, Mr Brogan said agents will continue to use auctions as an effective marketing tool.“Basically, listing a property for auction actually brings matters to a head because you’ve got the marketing campaign for an auction which is typically a fairly concentrated effort.“So an auction campaign in terms of marketing can be considered to be deemed to be successful even if the property hasn’t sold under the hammer, but rather prior or after.”last_img read more

NHL trade rumors 2020: Boston Bruins seek New York Rangers’ Chris Kreider as top deadline target

first_imgThe Rangers (23-21-4, 50 points) are 10 points out of the Eastern Conference through Tuesday’s standings, and are unlikely to make the playoffs — but general manager Jeff Gorton is still assessing his roster. As Sportsnet’s Elliotte Friedman noted on Wednesday, the Rangers have back-to-back games with the NHL-worst Detroit Red Wings after the All-Star break. An early February surge could persuade Gorton to hold on to Kreider, even if he does top TSN’s “Trade Bait” board.MORE: Five potential landing spots for Chris KreiderSay Gorton does decide he’s willing to move Kreider, though; how likely is he to land in Boston?The game-winner with :25 left, courtesy of Chris Kreider.#NYR #LGR #PlayLikeANewYorker— Rangers on MSG (@RangersMSGN) January 17, 2020The Bruins are seemingly in need of help on the wing every season; they have been linked to Kreider before. It symbolically helps that he grew up in Boxford, Mass., and played at Boston College; the team has a few Boston-area natives on the roster already. The Bruins have long had a top line of elite players in Patrice Bergeron, Brad Marchand and David Pastrnak. It’s the second-line wing positions that the club has sought help at consistently in recent years, and it’s where Kreider could fit right in. Chris Kreider is one of the top names floating around the NHL ahead of next month’s trade deadline, and for good reason. He is an effective scoring winger perhaps playing the best hockey of his career (17 goals, 15 assists in 48 games); his contract lasts through the 2020-21 season at a team-friendly $4.625 million salary cap hit.Plenty of teams that expect to contend both this spring and next season surely will check on Kreider’s availability over the next month, but the Boston Bruins reportedly view him as their top trade target over the next month. NBC Sports Boston’s Joe Haggerty cited anonymous hockey sources in his report, which also noted it remains possible that New York could hold on to Kreider for the rest of the season. Kreider has a reported 11-team no-trade clause in his contract, but Boston’s status as a clear Stanley Cup contender should render it a non-issue. Sweeney has the first-round draft pick that the Rangers reportedly want as a starting point for a Kreider deal; he has younger wingers, such as Anders Bjork, who could grow into the role Kreider may leave behind in Manhattan as well.Boston is right up against the salary cap ($566,824 in space on Jan. 22) which could make a trade difficult to complete, but it hasn’t stopped Sweeney and Gorton from dealing before: Boston acquired Rick Nash from the Rangers in a 2018 trade deadline deal in exchange for a package that included three players, two draft picks, and salary retained on Matt Beleskey’s contract to make it all work.The NHL’s trade deadline is on Feb. 24.last_img read more