This house made $170,000 in 15 minutes

first_imgThe property is on a double block that could be subdivided.James said the experience was ‘a little’ nerve-racking but he was happy he stuck to his game plan.“I knew that the house was probably worth a bit more than what we could pay,” he said.“We’re going to go and check out one at Kalinga next. It’s open until noon.” The back deck where everyone gathered for the auction.Among them was Marilynn, keeping warm in a puffer vest, who had moved up from Melbourne and had been househunting for six months while renting in Clayfield with her partner.“It’s got that charm, do you know what I mean? It’s got that Queensland charm,” she said afterwards.“We’ve been looking for six months and we just walked in and felt that warmth.” MORE REAL ESTATE STORIES Six registered bidders could also see its potential and made themselves comfortable on the back deck on a drizzly Saturday morning with more than 30 onlookers. Auctioneer and Ray White Albion principal David Treloar coaxed an opening bid of $1 million from a young couple in the crowd, and the six interested parties reduced to three active bidders, who shot off nine bids in the first minute.“Great activity, good bidding,” Mr Treloar encouraged as bidding paused at $1.425 million.“Think about the capital growth.”There would be only four more bids from James and Marilynn before the auction paused at $1.46 million (with Marilynn in front) to seek instruction from the seller, Catherine Martyr.“We were relaxed,” said Ms Martyr, who was in the kitchen with her husband listening to the auction. The ultimate dream home of 2019 >>>FOLLOW THE COURIER-MAIL REAL ESTATE TEAM ON FACEBOOK<<<center_img SEE WHAT ELSE IS FOR SALE IN WOOLOOWIN How real estate helped Stranger Things stars This house at 17 Oliver St, Wooloowin sold at auction for $1.475 million.THE largest property to sell in Wooloowin in three years made $170,000 for the owners in 15 minutes.The 119-year-old Queenslander on 830sq m was last sold at auction four years ago for $1.305 million.But at auction in Brisbane on Saturday, it sold under the hammer for $1.475 million.There had been plans to extend 17 Oliver St, in Brisbane’s inner-north, but the owners had instead built a new house in nearby Clayfield and were reluctantly selling. Plenty of warmth from this fireplace in the lounge of 17 Oliver St, Wooloowin.And there was James bidding at his first auction, with a one-month-old baby girl strapped to his front.He had recently moved up from Sydney and was renting in Paddington while he looked for a home for his young family.“We’ve got a buyer’s agent in Sydney. He talked me through how I should go about it,” James said after the auction.“He said when it gets down to two people left, and if you start hitting $1000 increments, go to the next $5000, and if they do another $1000, go to the next $5000.”In this auction, nobody would bid less than $5000.More from newsParks and wildlife the new lust-haves post coronavirus12 hours agoNoosa’s best beachfront penthouse is about to hit the market12 hours ago From this kitchen, owner Catherine Martyr and her husband could hear the auction on the back deck.“It was in good hands,” her husband Rob said.Ray White Ascot agent Nick Kouparitsas had led the five week campaign, taking the property to auction on one of the quietest auction days of the year, in the middle of school holidays.“We knew it was going to be a popular home. I sold it four years ago, and it was the same back then,” Mr Kouparitsas said afterwards.Behind-the-scenes negotiating upped Marilynn’s bid to $1.475 million and the auctioneer returned to announce the property was on the market.With no further bids, Marilynn Ross became the new owner of 17 Oliver St, Wooloowin and the crowd applauded.“We wouldn’t subdivide it,” Ms Ross said.“It’s grand and we want to keep it grand.“We’ll redo the pool area and lift the house and maybe put a couple of bedrooms in downstairs.”last_img read more

Atchison County’s Tag Team Challenge now April 17

first_imgATCHISON, Kan. ­– The Tag Team Challenge special, newly-sanctioned Atchison County Race­way’s first event for Xtreme Motor Sports IMCA Modifieds and IMCA Sunoco Stock Cars, will be held Sunday, April 17.IMCA Modifieds race for $1,000 to win in their Fast Shafts All-Star Invitational ballot qualifier while IMCA Stock Cars have a top check of $750.Extra money – $1,000 for the Modifieds and $500 for the Stock Cars – will be paid to the two-car teams with top point totals determined from qualifying and main event finishes.IMCA Speedway Motors Weekly Racing National, regional and Allstar Performance State points, but not local track points, will be awarded.Pit gates and the grandstand open at 4 p.m. Hot laps are 6:30 p.m. and racing is at 7 p.m. There is no entry fee and pit passes are $30.Grandstand admission is $12 for adults, $10 for seniors and military, $6 for kids ages 6-11 and free for ages five and under.More information about the Tag Team Challenge, postponed from this weekend because of cool temperatures, is available by calling 913 370-2520.First local track points will be given at Atchison on Friday, April 29.last_img read more

Spelinspektionen collaborates with authorities on anti-money laundering initiatives

first_img Soft2Bet continues new market drive with Irokobet launch August 26, 2020 Related Articles Share Share Submit StumbleUpon Global Gaming adds sportsbook extension to Ninja property August 25, 2020 Winning Post: Swedish regulator pushes back on ‘Storebror’ approach to deposit limits August 24, 2020 Sweden’s Spelinspektionen has strengthened its fight against money laundering and terrorist financing after agreeing to team up with sixteen of the country’s authorities to introduce new protocols to combat corruption.Arising from the results of a new national risk assessment to identify and assess Swedish authorities’ challenges in the area, it has since been emphasised by the authorities that it must be clarified what roles apply to individuals, and that increased cooperation is needed to strengthen the ability to prevent and manage the challenges that exist.Fredrik Lindquist, who works with supervision and money laundering issues at the regulator, added: “We are currently procuring a service for verifying information on license applicants [and] licensees’ group structure, company information and ownership image. “By constructing complex and cross-border structures with legal entities in different jurisdictions, one can hide the real principals and the origin of the money.”Three key areas have been highlighted by the authorities which look at fighting corruption in the industry. The first states that the new multi-pronged partnership is to act as an information exchange and knowledge transfer between the participating organisations.Participants must continue to identify, map and analyse risks and methods for money laundering and terrorist financing, as well as developing and compiling national risk assessments pertaining to the issues.Finally, information must be provided to operators to contribute to their work against money laundering and terrorist financing.The Spelinspektionen, which is to prioritise the prevention of money laundering and financing terrorism within the gaming sector, wrote in a media release: “A gaming company could be used as a criminal tool. Therefore, in our licensing, it is important to find out who are the real principals of the gaming company that holds or applies for a license.“A gaming company must also have good customer knowledge in order to counteract the use of gambling activities for money laundering or terrorist financing.”last_img read more

Schwarzenegger vows to declare ‘fiscal emergency’ in new year

first_imgSACRAMENTO – Gov. Arnold Schwarzenegger says he will declare a “fiscal emergency” in January to give him and the Legislature more power to deal with the state’s growing deficit. Schwarzenegger made the announcement Friday after meeting with lawmakers and interest groups this week to tell them California’s budget deficit is far worse than economists predicted just a few weeks ago. The shortfall is no longer expected to be $10billion, but more than $14billion – a 40percent jump that would put it in orbit with some of the state’s worst fiscal crises, those who have met with him said. Schwarzenegger said Friday that the state could be “anywhere between $10(billion) and $14billion in the hole.” AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREWhicker: Clemson demonstrates that it’s tough to knock out the champThe low end of that estimate represents a gap larger than California’s entire budget for its 172,000-inmate prison system. The high end is equivalent to what the state spends on both prisons and all the state’s University of California campuses in one year. Declaring a fiscal emergency would trigger a special session and force lawmakers and the governor to begin addressing the shortfall within 45 days. “What we have to do is fix the budget system. The system itself needs to be fixed, and I think that this is a good year, this coming year, to fix it,” Schwarzenegger said in Long Beach, where he was promoting his plan for health-care reform. California is struggling with shrinking state tax revenue from the meltdown of the subprime-mortgage market and the credit crunch on Wall Street. State spending also has increased by more than 40percent since Schwarzenegger took office after the 2003 recall of then-Gov. Gray Davis. Schwarzenegger in August signed a $145.5billion budget that increased spending 11percent due largely to the increased cost of bond repayments and special funds. General fund spending for day-to-day operations increased less than 1percent, from $101.7billion to $102.3billion for the budget year that began July 1. In August, Schwarzenegger’s office projected that the state would end its current budget year with a $4.1billion reserve. Last month, the state’s nonpartisan legislative analyst reported that the state would instead end the year in the red, and was on pace to rack up a staggering $10billion deficit over the next 18 months. Schwarzenegger and his top aides this week have privately told lawmakers and interest groups that the gap could top $14billion and warned cities, counties and health and welfare agencies to expect cuts. The governor already has ordered agency leaders to draft plans for an across-the-board cut as high as 10percent. Schwarzenegger would make the declaration under Proposition 58, the 2004 ballot measure he successfully campaigned for to restrict state borrowing and create a reserve fund. The measure contained a little-known provision authorizing the governor to declare a fiscal emergency if revenue and expenditures fall substantially out of line. The declaration triggers a constitutional mandate to reopen the current budget and begin cutting costs or finding ways to increase revenue to close the gap. Democratic and Republican leaders said an emergency declaration would be a serious step, but apparently a necessary one, given the state’s growing fiscal problem. “We gave the governor the authority to do that when we wrote the measure and we will take it seriously and respond to it when it happens,” said Alicia Trost, a spokeswoman for Senate President Pro Tem Don Perata, D-Oakland. Perata said Thursday that the deficit had overtaken lawmakers’ ambitions to pass a universal health care deal. He said he would not ask fellow senators to vote on a health deal until he knows the extent of Schwarzenegger’s plans to cut the budget. But Schwarzenegger, a Republican, and Democratic Assembly Speaker Fabian Nu ez remained optimistic Friday about reaching a deal to expand health-care coverage before the end of the year. The Assembly is expected to vote on a health-care bill Monday. Assemblyman Roger Niello, R-Sacramento, vice chairman of the Assembly Budget Committee, said the planned health-care vote was foolhardy given the state’s deficit. “As the old saying goes, the first thing you should do when you find yourself in a hole is stop digging,” Niello said in a statement. “Our state simply cannot afford the massive government-run health-care program that will be voted upon next week.” If Schwarzenegger declares a fiscal emergency in January, he’s required under the law to introduce a plan to correct the problem and to call the Legislature into special session to act on his recommendations. If legislators don’t pass a budget bill within 45 days, lawmakers would be prohibited from acting on any other legislation or adjourning until they reach agreement. A special session also could allow the Legislature’s Democratic majority to make most decisions about where to make spending cuts. Unlike the state’s normal budget bill, which requires a two-thirds majority to pass, only a majority vote is needed to enact cuts within 90 days. A tax increase would still need a two-thirds majority, which would require Republican support.160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!last_img read more