You’ve got a good chance of being able to score a discount on a house in Milton, like this one for sale at 42 Haig Rd. Pic: realestate.com.auLISTEN up bargain homehunters.Even in the current market, it is possible to buy a home for less than its advertised price and get a good deal — you just need to know where to look.Heard of vendor discounting? It’s a term used to describe the average percentage difference between the original asking price of a property and the eventual sale price.Armed with this figure, savvy househunters have some serious bargaining power when it comes to buying a home.According to the latest CoreLogic figures, these are the suburbs in the greater Brisbane region where the highest vendor discounting has occurred.If you’re looking to buy and are happy to venture outside of Brisbane, it might be worth considering Park Ridge, about 19km south of the CBD. GET THE LATEST REAL ESTATE NEWS DIRECT TO YOUR INBOX HERE This house at 19 Wombat Crescent, Rochedale, is for sale. Rochedale has a high rate of vendor discounting. Pic: realestate.com.auAt the other end of the scale, if you’re selling your home, you’d be better off living in a suburb with a low average vendor discount.Kalinga, 7km north of the CBD, tops the list in Greater Brisbane.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 investor3 hours agoThis property at 72 Park Rd, Kalinga, is for sale. Kalinga has the lowest average vendor discount rate in Greater Brisbane. Pic: realestate.com.auIn the year to March 2017, not one vendor has had to reduce their asking price on a house in Kalinga.Nearby Nudgee, also on Brisbane’s northside, comes second with home sellers only missing out on getting their asking price by 1.7 per cent on average.Agent Dwight Colbert of Ray White Aspley said he wasn’t surprised Nudgee was near the top of the list. “I own property in the area and I’ve always said Nudgee and Banyo would be areas that would hold their value, and they do,” he said.“You’re not too far from the Brisbane CBD whilst being a hop, skip and jump to the airport. There are great schools there too.”Mr Colbert said the suburb had a community feel and friends of locals often bought into the area. You’ve got a good chance of being able to score a discount on a house in Milton, like this one for sale at 42 Haig Rd. Pic: realestate.com.auAnd closer to the city in Milton, they’re snapping up homes for 9.8 per cent less than their asking price.You might be surprised to hear the million-dollar median suburbs of Highgate Hill and Rochedale are also worth checking out, with average vendor discounts of 9.5 per cent and 9 per cent respectively. This house at 47 Annandale St, Keperra, is for sale. Keperra has one of the lowest average vendor discount rates in Greater Brisbane. Pic: realestate.com.auThe suburbs of Keperra and Fitzgibbon tie for third place, both with average vendor discounts of only 1.8 per cent.In the greater Brisbane region, Lawnton in Moreton Bay and South Ripley in Ipswich also made the list of top 10 suburbs, with vendors only having to reduce their asking prices by 2 per cent.The median house price in Lawnton is an affordable $379,000.BIGGEST DISCOUNT SUBURBS FOR HOUSES IN GREATER BRISBANESuburb Km to CBD No. sold (12 mths) Median house price Vendor discountPark Ridge 19 32 $555,000 13.9%Park Ridge South 29 25 $620,000 12.5% Mount Ommaney 13 34 $815,000 9.9% Milton 2 30 $965,000 9.8% East Ipswich 29 35 $269,000 9.7% Highgate Hill 2 45 $1,185,000 9.5% Rochedale 14 35 $1,045,000 9%Churchill 33 44 $262,500 8.7% Carbrook 32 22 $915,000 8.4% Blackstone 28 23 $290,000 8.3% (Source: CoreLogic) This house at 171-183 Merluna Rd, Park Ridge South, is for sale. Park Ridge has the highest vendor discount rates in greater Brisbane. Pic: realestate.com.auHome buyers are scoring discounts of nearly 14 per cent on average for a house in the Logan suburb.The median house price in Park Ridge is $555,000.In Mount Ommaney, in Brisbane’s west, househunters are getting nearly 10 per cent off the price of a house.
Faith Ward, Brunel Pension PartnershipDaniel Summerfield, co-head of responsible investment at USS Investment Management, the in-house manager for the £60bn (€68.1bn) Universities Superannuation Scheme;Faith Ward, chief responsible investment officer at the Brunel Pension Partnership, a £30bn local government pension scheme (LGPS) asset pool;Janice Turner, founding co-chair of the Association of Member-Nominated Trustees;Michael Marshall, director of responsible investment and engagement at LGPS Central, another of the new LGPS asset pools; andSimon Siu, deputy head of finance at the BT Pension Scheme.Asset managers are represented by:Amra Balic, managing director in BlackRock’s investment stewardship team for the Europe, Middle East and Africa region;Andrew Cave, head of governance and sustainability at Baillie Gifford;Ben Yeoh, senior portfolio manager of global equities at RBC Global Asset Management;David Gorman, head of research at Castlefield Partners, a Manchester-based investment group;Leon Kamhi, head of responsibility for Hermes Investment Management; andNatasha Landell-Mills, head of stewardship at Sarasin & Partners. The group is intended to serve several related purposes. The FRC said it would provide a regular forum for it to engage with representatives from across the investment chain on various issues, including its strategy, new policies and standards, on governance, stewardship, reporting and audit matters.The watchdog said the group would also help it “to better understand the investment community’s views of FRC effectiveness”.The establishment of the investor advisory group comes as the FRC faces a government-commissioned independent review following criticism of its role in the collapse of contractor Carillion. Some parties – including the Local Authority Pension Fund Forum – have called for the organisation to be shut down.The FRC is due to publish a revised version of the UK’s corporate governance code this summer. It is also reviewing the stewardship code, and a formal consultation on changes to this could be published later this year.Who’s who?The five pension fund representatives include public and private sector schemes: Carine Smith Ihenacho, Norges Bank Investment ManagementCarine Smith Ihenacho, chief corporate governance officer at Norges Bank Investment Manager, the manager of Norway’s sovereign wealth fund, has also been appointed to the group.The other members, from rating agencies, proxy advisory firms and the sell-side, are:Kazim Razvi, global head of accounting research and policy at Fitch Ratings;Laurie Fitzjohn-Sykes, corporate governance lead for HSBC’s global research;Paul Marsland, senior analyst in the environmental, social and corporate governance team at broker Kepler Chevreux;Nathan Leclercq, head of UK research at proxy advisory firm Institutional Shareholder Services; andMohammed Amin, representing retail investor associations UKSA and ShareSoc.The membership can be viewed here. The UK’s audit regulator has appointed a 17-strong committee of investors to help inform its future work on issues such as governance and stewardship.The Financial Reporting Council (FRC) initially intended to appoint 12 members, but expanded the size of the investor advisory group after receiving more than 30 applications.The FRC, which is also responsible for the UK’s corporate governance and stewardship codes, said it would use the group as “a formal way of understanding key areas of concern and emerging risks from the perspective of investors”. Its first meeting is next month.The advisory group includes representatives from five pension funds, six asset managers, and the corporate governance chief of Norway’s giant sovereign wealth fund.