Successful auctions across Brisbane

first_imgSellers at 11 Apple Blossom Pl, Eight Mile Plains, John and Grace Guarras were very pleased with the result. Photo: Supplied.“We’ve loved the house, the beautiful open house, but we’re at an age where we want to downsize,” said Mrs Guarras.“It has been a lovely home and we’ve always been very fussy with our homes, so the people who move in, they won’t have anything to do!”There’s also been a real buzz around the sale of 140 Kadumba St, Yeronga as a beautiful Hamptons-inspired design on a huge block of land went under the hammer. A stunning day of frenzied bidding, big crowds and brilliant results played out at auction events across Brisbane. Photo: Annette DewIt wasn’t a day for the feint hearted at the city’s auctions as crowd numbers, prices and heart rates all hit peaks.One of the biggest results was reserved for a home in the city’s southern suburbs.The property at 11 Apple Blossom Pl, Eight Mile Plains was always going to be hotly contested, but even the marketing agents were blown away by the final figure.A crowd of approximately 100 were there to witness 17 registered bidders compete for the title ¬ — freehold title, that is.While a bid of $700,000 started the ball rolling, the end price was always going to blitz it and when the hammer came down at $884,000, there were some very happy participants.“It’s a fantastic result,” declared Owen Chen, agent at Place Sunnybank.“It sold for much more than the reserve which was set at $850,000 so the owners are very happy. It was all about team work.”Mr Chen said the Japanese buyers had been to plenty of other auctions prior to today’s event.“They have been following my auctions for a long, long time but every time they have frustratingly lost to other parties, so this time I gave them a pep talk,” he said.Grace and John Guarras were very pleased to see the home sold, and are looking forward to something smaller. 4 Yeoman St, Chapel Hill was another successful sale for the day. Picture: supplied.“Everyone has their criteria when looking for a home, but this one really has it all,” said Josh Klemm, marketing agent at Ray White Metro West.He was proved right when four registered bidders fought it out to reach a sale price of $832,500 for the home.Further west and bargain of the week must surely go to 35/8 Rosegum Pl, Redbank Plains which sold for $160,000 under the hammer.The two-bedroom, lowset, brick unit has ready access to western corridor facilities, and at that price, should prove a canny investment.center_img 140 Kadumba Street, Yeronga sold for $1.91 million. Photo: supplied.More from newsMould, age, not enough to stop 17 bidders fighting for this home5 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor5 hours agoThere were only three registered bidders, but that’s all it took to make the sale.“We are thrilled to declare it sold to a young local family looking to upgrade in the area for $1.91 million,” said Judy Goodger, marketing agent at Place New Farm.“Yeronga is a gorgeous and convenient location for families and time-and-time again we’re seeing huge competition when homes like this come on the market.”Further out of town and 35 Noel St, Hendra had its time in the sun.Jon Finney, agent at Ray White Albion, had five bidders registered for the event and that’s all it took to see a great result.Ray White auctioneer Haesley Cush was very pleased to oversee the auction too.“The bidding bounced from $500,000 to $600,000 and then a couple from around the corner increased the price to $700,000 and it sold,” Mr Cush said.“It was a pretty good result, and once again highlights the market is strong for unrenovated properties. The owner’s had tried to sell it themselves previously, so this shows the power of a marketing campaign and auction that creates competition. It works,” he added.Out in the western suburbs and 4 Yeoman St, Chapel Hill also successfully sold.Set on 673 square metres, this five-bedroom, two-bathroom, two-level weatherboard cottage was pitched as a family home that would have wide appeal.last_img read more

Export deals help to fill order books

first_imgITALIAN builder Fiat Ferroviaria has added a two-car diesel trainset to its family of tilting Pendolino trains. Built speculatively at Fiat’s own cost, the train began trials in November 3, initially on the line between Savigliano, site of the Fiat factory, and Cuneo.Two years ago Italian State Railways planned to order a fleet of 52 diesel Pendolini from Fiat, but a decision to put the contract out to open tender has delayed progress. Fiat is meanwhile hoping that an initial tranche of 16 sets will be ordered shortly as FS has allocated the necessary funding.Routes on which FS envisages deploying diesel Pendolini include Firenze – Siena and Taranto – Reggio di Calabria. Another destination could be Sardinia where FS is conscious that there is a need to improve services following abandonment of 25 kV 50Hz electrification in 1993.Both cars of the diesel Pendolino have two horizontally-mounted automotive diesel engines supplied by Iveco, each delivering a UIC rating of 294 kW to a three-phase alternator. Electrical equipment is supplied by Parizzi, and for the first time, the design makes use of small, axle-mounted synchronous motors with permanent magnets and integrated final drives; all axles are powered. FS has yet to endorse this arrangement. Other equipment is based on the tried and tested designs used on other members of the Pendolino family.In the meantime Fiat has delivered the first three ETR480 trainsets to FS. These are designed to accept 25 kV 50Hz that will equip the Roma – Napoli and subsequent high speed lines, but the 25 kV equipment will not be installed in the trains until later.Contracts awaitedFiat’s biggest prize would be to scoop the order from Virgin Trains for more than 55 tilting trains for Britain’s West Coast main line. When tenders closed on November 24, Fiat and its partner GEC Alsthom faced a rival bid from Adtranz. Fiat’s Antonio Amoruso said in mid-November that this would be ’the most important tilting train contract of all time’. The situation is extraordinarily reminiscent of the mid-1970s when a fleet of APT tilting trains was envisaged for exactly the same route and services.Fiat has already signed heads of agreement for two 11-car sets for Great North Eastern Railway services between London King’s Cross and Edinburgh, with an option for six more. In practice, signing of the contract will have to await the outcome of the Virgin contract, as GNER stands to benefit from a cheaper price if the order can be tacked on to the West Coast build.Negotiations are also under way to convert the option for 23 Type S220 sets in a contract with Finnish State Railways to a firm order. In the meantime Fiat has received a letter of intent for three three-car units for 3 kV DC operation from Slovenian Railways to work services from Ljubljana to Maribor and Trieste. There is also an option for more sets with this contract. Still awaited is confirmation of an order for seven trains for Malaysian Railways, with an option for 15 more.Current production at Breda’s Pistoia plant includes TAF double-deck EMUs for FS and the Nord Milano Railway, metro cars for Roma Line A and, as part of the Trevi consortium, 3 kV DC 25 kV AC ETR500 power cars for FS. Pistoia is also building LRVs for Boston and San Francisco and metro cars for Los Angeles; to comply with Buy America legislation, Breda has facilities for final assembly in Harrison, New Jersey, and San Francisco.Apart from the Los Angeles metro cars, based on stainless steel bodyshells supplied by Adtranz Portugal (formerly Sorefame), most vehicles currently under construction at Pistoia feature aluminium construction. The TAF cars are assembled from welded and machined Alusuisse extrusions; two prototypes have been delivered to FS and the first unit for FNM was nearing completion on November 19, with delivery of the first production trainset scheduled for mid-January.Breda is building 10 three-car units for the extension of Roma metro Line A, and deliveries are now under way. With full-width inter-car gangways, the first trainsets with AC drives to be ordered by Roma have GTO inverters. Mer Mec is supplying an infrastructure recording vehicle to Jernbaneverket of Norway, which is expected to begin trials before the second half of 1998. Based on a 26m Breda ETR500 bodyshell and riding on Fiat bogies, the vehicle will be powered by two Cummins engines driving Voith hydraulic transmissions. Maximum speed when self-propelled will be 160 km/h, but the vehicle can be hauled at up to 200 km/h.Developed to Jernbaneverket specifications for operation at temperatures as low as -40?last_img read more