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

South West Trains places Juniper order

first_imgUK: Contracts were exchanged on May 9 for GEC Alsthom to supply Porterbrook Leasing Co with 30 four-car electric multiple-units for lease to South West Trains – both SWT and Porterbrook are Stagecoach subsidiaries. First delivery will be in September next year, and five sets will be available for the summer timetable in May 1999. All 30 should be in service by April 2000.Intended mainly for services between London Waterloo and Reading, the 160 km/h trains will be built to GEC Alsthom’s standard Juniper design and customised to Porterbrook-SWT specifications. Each set will have 266 standard and 24 first class seats, two wheelchair spaces, two toilets and racks for two bicycles. Power doors will be from Tebel or Faiveley, and SIG may supply the end-of-set retractable gangways. Roof-mounted air-conditioning packs using heat-pump technology will come from Soprano, part of the Alcatel group.The Onix 800 traction package for 750V DC third rail operation features IGBTs, three-phase motors powering one bogie on three of the cars, and rheostatic and regenerative braking, although Railtrack’s power supply infrastructure cannot yet accept this. Bodyshells of carbon steel will have mechanically fastened ends. Total order value is £100m, of which £10m is a seven-year contract for GEC Alsthom to supply materials to SWT, which will maintain the trains. oContract facts30 four-car trainsFirst delivered May 1999All in service by April 2000160 km/h266 standard/24 first seatsOnix 800 traction packageTotal value: £100m, (includes £10m spares supply deal)last_img read more