The online auction market is hotting up in Australia with the launch today of a locally-developed online auction house, www.stuff.com.au.
Australian-owned and developed, stuff.com.au offers a person-to-person auction service that could expand to include the clearance of surplus stock from merchants, the company said.
Registering with the service is free whilst a "minimal" listing fee and a scaled commission (based on the highest bid), will apply. Upon registering each buyer or seller will be given a home page which can be used for highlighting their goods for sale or making bids on items.
All items are priced in Australian dollars and a secure environment for credit card transactions is provided, the company claims.www.stuff.com.au is the second online auction house to be launched in Australia this year, earlier this month Yahoo! Australia & NZ launched its own service, which does not carry listing or commission fees. US online auction house eBay is also expected to be launched in Australia in partnership with PBL Online.