Brisbane auctions draw mixed results

first_imgThe renovation at 21 Juster St, Annerley was beautiful.The home sits on a 607 square metre block and it’s leafy surround make it perfect for a family buyer.Marketing agent with Place Coorparoo, Jamal Naouri, said the suburb is drawing plenty of interest.“Annerley is a hub for busy working young families and we’re finding demand is high with many moving to the local area,” he said.“They’re wanting homes that are fully renovated as they don’t have time to do it themselves.”A crowd of 50 onlookers watched three bidders take the price from a $720,000 kick-off to eventually reach $1.05 million where it was declared, “Sold!”The buyer, Logan Drain, said couldn’t have been happier with the result. The Nundah site was bought by developers.IT WAS a cool and overcast Saturday in Brisbane but that didn’t stop auction spotters from rocking up to events.The morning kicked off at 43 Marvin St, Holland Park where a modest but well positioned three-bedroom, one-bathroom cottage on 749 square metres of land was on offer. 39 Sunny Ave, Wavell Heights had the agent and auctioneer running a marathon to secure a sale — but it was worth it in the end.The striking three-level, six-bedroom, four-bathroom home has a cracking southerly aspect taking in the lights of the CBD and views through to the Bunya Mountains.An opening bid of $1.3 million received no counter.This saw a flurry of activity as marketing agent from Southerby’s International Realty Ascot, Joseph Lordi, ran a marathon between the buyers and seller.Most of the 85-strong crowd waited around to see the offer raised to $1.61 million, and the property was declared “on the market.”With no other bids forthcoming, the buyers could celebrate their new digs.Nearby, developers were keen on the prospects for 79 Bage St, Nundah.More from newsMould, age, not enough to stop 17 bidders fighting for this home6 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor6 hours agoThe developer buyer of 79 Bage St, Nundah, is taking some time to consider his options.There were 23 registered bidders battling it out for the 1630 square metre site and its two-bedroom colonial home.The holding is a grouping of four separate titles and it’s flexible potential created hot competition according to marketing agent at Ray White Ascot, Damon Warat.“They are not making any more land and if you could find a bigger block of land with city views this close to the CBD then you should buy it,” he said.Come the fall of the hammer the property achieved $2.55 million — selling to a local developer who will land bank the holding while planning a project.A classic circa 1920s character home at 21 Juster St, Annerley that’s undergone an extensive renovation has seen the seller’s hard work pay off with a big auction result. 43 Marvin St, Holland Park West failed to sell but there’s still plenty of post-auction interest according to the agent.Selling agent with Place Bulimba, Shane Hicks, said interest had been good for the home which has a backstory.“The house itself was moved here in 1929,” he said.“It was moved from Kangaroo Point to make way for the story bridge, so it’s got a bit of a history to it.”Holland Park West is one of those go ahead suburbs — well established, wide leafy streets and plenty of character to appeal to a broad buyer demographic, said Mr Hicks.“We’ve had first homebuyers … we’ve had investor looking at it for the long-term growth of the land and we’ve has some developers who’d like to knock the house down — the house hasn’t always lived here … so you can actually take it down and end up with a magnificent block of land.”Unfortunately among the solid turnout of around 40 onlookers, there were no registered bidders and the event was over soon after it began.Mr Hicks said despite the outcome, there were buyers keen to put the property under conditional contract and he expects a sale will soon be finalised.One of the day’s property jewels was the event held at 39 Sunny Ave, Wavell Heights. Logan Drain and his family are “stoked” to be the new owners of 21 Juster St, Annerley. Photo supplied.“It’s the right size for us and we’re stoked,” Mr Drain said.“They’ve done a great job on the renovation.” 64 Robe St, Grange made its mark today too with auctioneer Haesley Cush very pleased to achieve a $935,000 result for the two-bedroom renovator on 617 square metres.“It was a cracking auction with agent Kim Ridings at Ray White Alderley registering four registered bidders in front of a big crowd,” Mr Cush said.“The opening bid came in light and low at $600,000 but the property was called on the market at $901,000 and sold for $935,000.”Mr Cush wasn’t resting on his laurels though. Two hours later he fronted up at 120 Harcourt St, New Farm where he secured $1.175 million for the modest but superbly located five-bedroom home on 498 square metres.last_img read more

Höegh Autoliners Faces Price Fixing Charges

first_imgThe Norwegian car shipping company Höegh Autoliners has been referred to the Competition Tribunal of South Africa for prosecution on seven charges relating to collusive tendering, price fixing and market division.The charges come on the back of a probe into widespread anti-competitive conduct in the market for the provision of transportation of motor vehicles, equipment and machinery by sea to and from South Africa, according to the country’s Competition Commission.Höegh Autoliners was accused of colluding with Japan’s Mitsui O.S.K Lines Ltd (MOL) from around 2009, when the two companies allegedly engaged in prohibited practices in that they agreed and/or engaged in concerted practices as competitors to fix prices, divide markets and tender collusively.The Commission said that the charges entail a number of collusive activities from 1997 to 2010 to ship motor vehicles from Thailand, Japan and India to South Africa, from South Africa to Europe, North Africa and North America, as well as to Europe.MOL previously approached the Commission in terms of its Corporate Leniency Policy and was subsequently granted leniency for its involvement in the cartel conduct in exchange for information and full cooperation in the matter.In referring the matter against Höegh to the Tribunal for adjudication, the Commission is seeking an order declaring that the company is liable for the payment of an administrative penalty equal to 10% of its annual turnover on each of the charges.last_img read more

Unstoppable Bell carries Petron closer to PSL Grand Prix crown

first_imgTruck driver killed in Davao del Sur road accident Green group flags ‘overkill’ use of plastic banderitas in Manila Sto. Niño feast Katherine Bell took matters into her own hands to push Petron past F2 Logistics, 23-25, 20-25, 25-15, 25-22, 15-9, in Game 1 of the 2018 Philippine Superliga Grand Prix Finals Tuesday night at Smart Araneta Coliseum.Bell played with reckless abandon, especially in the fifth set where she scored eight of the Blaze Spikers’ last nine points, including an emphatic kill from the back row.ADVERTISEMENT Petron also got a lift from Aiza Maizo-Pontillas and Mika Reyes, who tallied nine points apiece.MJ Perez and Kennedy Bryan posted 16 and 15 points, respectively for the Cargo Movers, who had no answers for Bell’s array of attacks.Sports Related Videospowered by AdSparcRead Next “She was just unstoppable. She did everything. She led the fight for us when we needed it most,” said Petron coach Shaq delos Santos in Filipino.“I told my players to forget what happened in the first two sets because we still have three more sets left. We just need to be patient and do what we worked on in practice,” he added. “The players accepted the challenge.”FEATURED STORIESSPORTSGinebra beats Meralco again to capture PBA Governors’ Cup titleSPORTSAfter winning title, time for LA Tenorio to give back to Batangas folkSPORTSTim Cone, Ginebra set their sights on elusive All-Filipino crownThe hard-hitting Bell erupted for 42 points off 36 kills while fellow American import Lindsay Stalzer added 17 points.Game 2 is on Thursday at Filoil Flying V Centre in San Juan with the Blaze Spikers looking to avoid a repeat of last year’s finals where the Cargo Movers won the last two games of the series to win the title. LATEST STORIES Don’t miss out on the latest news and information. Volcano watch: Island fissures steaming, lake water receding Jo Koy draws ire for cutting through Cebu City traffic with ‘wang-wang’ MOST READcenter_img Finally, unity in PH swimming In fight vs corruption, Duterte now points to Ayala, MVP companies as ‘big fish’ P16.5-M worth of aid provided for Taal Volcano eruption victims — NDRRMC Trending Articles PLAY LIST 00:50Trending Articles01:45Iran police shoot at those protesting plane shootdown05:05SEA Games 2019: Rubilen Amit finally beats Chezka Centeno for 9-ball gold (HIGHLIGHTS)02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player award Scientists seek rare species survivors amid Australia flames Lights inside SMX hall flicker as Duterte rants vs Ayala, Pangilinan anew ‘Stop romanticizing Pinoy resilience’ View commentslast_img read more