Strong auction turnout reflects big-block appeal

first_imgThe home at 3 Leanne St, Marsden sold for $353,000A STRONG crowd turned out for the auction of 3 Leanne St, Marsden, last weekend, despite the heat. LJ Hooker Browns Plains marketing agent Chris Noble said about 35 people gathered to watch the action on February 11. “We had five registered bidders on the day,” Mr Noble said. “The auction started at $290,000 and it was good consistent bidding that finished up at $353,000.“The vendors were happy to let it go at that price.“And the buyer is an owner-occupier looking forward to moving in as soon as they can.” More from newsCrowd expected as mega estate goes under the hammer7 Aug 2020Hard work, resourcefulness and $17k bring old Ipswich home back to life20 Apr 2020Mr Noble said interest in the home was strong throughout the marketing campaign. “A four-bedroom, quarter-acre property with pool in Marsden was always going to appeal to buyers,” he said. “And we saw consistent numbers week after week.”Mr Noble said the Marsden property market had been “pretty hot” for the past 18 months with buyers looking for family-style homes on good-sized blocks. “We’re getting owner-occupiers and mum-and-dad investors,” he said. “There are a couple of really good schools nearby and Marsden is close to shops and transport, so you do get a lot of families. “Marsden is also offering strong rental returns, so investors are looking at the net returns they can get. We have had good growth over the past 12 months and I can see that continuing for the time being.”According to CoreLogic data, the median house price in Marsden is $357,700.last_img read more

Iowa governor planning DC meeting over ‘short term crisis’ in ethanol industry

first_imgDES MOINES — Governor Kim Reynolds and Midwest governors are planning a trip to Washington, D.C. to talk with President Trump about unrest in farm country.“Let him know first-hand what’s happening on the ground,” Reynolds said Tuesday.The Trump Administration recently granted waivers to oil companies, so the federally-required amount of ethanol doesn’t have to be blended into gasoline.“We’re trying to give them some options…to really address the short-term crisis that we’re seeing with ethanol plants either shutting down or cutting production,” Reynolds said.A northwest Iowa plant shut down temporarily earlier this month and another company that owns six plants in Iowa has cut its company-wide ethanol output. The Iowa Corn Growers Association issued a statement this morning, saying farmers are “fed up” with President Trump’s “broken promises.” In addition to the ethanol situation, farmers have been up in arms about USDA harvest projections in mid-August that caused corn prices to nose dive.“This has been a rough, rough year between flooding, delaying plants, rosy crop reports,” Reynolds said. “We’ve got continued disruption in trade that we’re working through.”Reynolds is hoping the Trump Administration will embrace a compromise plan that would boost ethanol production by requiring additional ethanol use at oil refineries that did not get a waiver.“I understand he’s trying to balance refineries that are also saying they’re shutting down with ethanol plants that are also shutting down,” Reynolds said.Reynolds said Trump “is trying to do the right thing” by farmers, but the EPA continues to “undercut” the federal ethanol production mandate.“We can’t continue to lower the floor and expect the industry to survive and continue to grow,” Reynolds said.According to the Reuters wire service, Trump personally gave the go-ahead for the oil refinery waivers. Reynolds told reporters this morning she’s not sure Trump “fully understood the ramifications” of those waivers at the time, but the governor said Trump does now after lobbying by her and several other Iowa officials. Reynolds, who just signed on as Iowa co-chair of Trump’s reelection campaign, said “relationships matter” and she’s able to call Trump and his top administrators to discuss these issues.last_img read more