| | Canberra auction rates improve: AAMC
By Andrew Langford, Canberra Bureau chief
Last Friday the AAMC auctioned $10 million worth of property in the Greater Noosa region for an average bid of $10,921.30.
A price increase was due from the Australian Capital Territory in the summer, when auction rates began changing.
In the auction of the property on Thursday morning, the auctioneer reported that his staff had brought out a number of people to assist them.
These were auctioneer, chief executive, auction house, real estate brokers and sales agents.
The auction was due to close on Monday, and the staff had been in no doubt that a strong bid from the public, expected to increase the overall value of the property, would have helped them raise their bid.
AAP
And they would have increased it.
The AAMC released figures from auctioneer Kevin Pinder for its Greater Noosa region and the other two AEMOC regions.
Both parts of the AEMOC were down 2.6 per cent from their July 2015 lows and 2.3 per cent from July 2014 lows.
The lower prices in the AEMOC were expected.
Pinder was confident, however, that the property was a success due to the greater density and lower prices.
"At this point it's more likely than not that the auction sale will go to the higher end and you'll see a bid increase the day of," he said.
"That's how the auction works."
The AAMC chief executive said on the first day of the auction of some 200 property properties, the total price was up 20 per cent.
The auction of 500 properties was also up 20 per cent.
Pinder says if the high-density area in the AEMOC is a success he believes more areas would do well to keep up.
"A property would not be better or worse if the density was high or low and the price was stable," he said.
"At higher density then you would see significant increase and at lower density then you would see a decrease and the price would be stable."
The AAMC expects that the results of the auction could change, the auctioneer said, as the AEMOC's real estate agent work in the area to make sure the property price stayed in line.
"As you see a higher density and a property price increase then you might have other issues. That's why you should look at all the available evidence and get some real data before you make your choice," Pinder said.
Some of the properties will be for sale to the public.
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Melbourne men charged with terrorism offences
Police allege two Islamic State supporters were charged with terrorism offences and one was charged with making terrorist threats at a Melbourne public swimming pool on Tuesday.
Police allege a Melbourne man and a woman were at Sydney's Eden Square with a group on Wednesday.
The woman admitted to investigators a terrorist threat to the public swimming pool on Wednesday night. Police allege the man made that threat later at St. Patrick's Cathedral in Sydney.
The two men are charged with making and using information from material intended to impair the act of a specified person in a terrorism offence.
A warrant out of Melbourne was issued for the arrest of the man and woman on Sunday.
Police allege the two men made and used information from material which was "material and intended to impair the act of a specified person" in an terrorism offence in an incident that occurred in a public swimming pool in Sydney's Hyde Park on Tuesday.
Detective Senior Sergeant Brian Hart, from North Melbourne Community Security Unit, said the man and woman have links to Islamic State and were planning to target a Sydney public swimming pool.
The warrant issued for the arrests for the men was for the offence of making and using information from material intended to impair the act of a specified person.
The group had earlier been preparing to detonate a homemade bomb.
A female witness told police she saw a male in black clothing carrying a black backpack with a backpack containing a knife and the backpack was wrapped in black tape, and someone was sitting and wearing a hood, which had a hood and no lights.
The man was wearing black balaclavas when she saw him on the beach and that he appeared distressed.
The witness said he looked tired.
Topics: terrorism, law-crime-and-justice, sydney-2000, alp, sydney-2000-2132
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