There is a home to suit every buyer at auctions across Brisbane’s outer suburbs this weekend

first_img132 Ernest Street, Manly“At this stage, I’ve got one registered bidder and two others that will possibly register on the day.”On the lower level, there is a cellar and workshop, two bedrooms as well as a theatre room and family area that opens onto a deck. 8 Ernest Street, Morningside“In the last two to three years… people have been responding to them well,” Mr Tolley said.“You can do a bit to them – everyone likes to add their own little personal touch.”More from newsParks and wildlife the new lust-haves post coronavirus21 hours agoNoosa’s best beachfront penthouse is about to hit the market21 hours ago 8 Ernest Street, MorningsidePlace Bulimba agent Dion Tolley said there were a few keen buyers interested in the three-bedroom home at 8 Ernest St, which was built in 1920.“(I’m) in the process now of getting a few registered (to bid) on the day,” Mr Tolley said.“It’s quite special given the character of the home.” 132 Ernest Street, Manly“There’s lots of interest because people are looking for a property with views and it’s also surrounded by multimillion-dollar properties,” Mr Sorrentino said.“In the last three weeks, we’ve had about 100 groups through. 132 Ernest Street, ManlyThe ground floor is dedicated to an open kitchen, dining and living area that flows onto a balcony and also has the master bedroom with ensuite.Two extra bedrooms are on the upper level with a deck. 8 Ernest Street, MorningsideIt sits on a 405sq m block and has an open kitchen and dining room that flows onto a covered outdoor deck as well as a separate lounge room.The feature front door, timber floors, VJ walls and ornate ceilings give it a classic charm.Mr Tolley said homes with character were becoming more attractive to buyers. 26 Whitehead Road, The GapIt has a combined family and meals area that flows through to the kitchen and into a combined dining and sitting room on the first floor.There is also a separate study and lounge room.All the bedrooms are upstairs. 26 Whitehead Road, The GapFROM older homes with classic charm to luxury, modern mansions – a property to suit every buyer will go under the hammer this weekend.A pre-war character home in Morningside will be one of the first to go to auction on Saturday, February 24, at 9am. 132 Ernest Street, ManlyIn Manly, a three-storey luxury home with views of the bay and marina will go to auction on Sunday, February 25, at 11am.Place Manly principal Marc Sorrentino said the property at 132 Ernest St had attracted a lot of interested buyers. 26 Whitehead Road, The GapAnother character home at The Gap will go to auction at 12 noon.Harcourts Solutions agent Stephen Dangerfield said the renovated and well maintained Tudor-style property at 26 Whitehead Rd was one in a handful in the area. 26 Whitehead Road, The Gap“It’s quite a unique style of home,” Mr Dangerfield said.The two-storey house sits on a 977sq m block and has four bedrooms.last_img read more

Tata plans closure of UK’s British Steel pension fund

first_imgThe British Steel Pension Scheme (BSPS) is to close to new accrual, Tata Steel has told union representatives.Union GMB called Tata’s plan to close the fund “unnecessary and profoundly disappointing”, and said it was preparing a strike ballot.According to the union, the fund had £13.6bn (€17bn) in assets at the end of November last year, up from £12.6bn at the end of March. David Hulse, GMB national officer, said the union did not expect to find itself discussing closure to new accrual, following months of negotiations that got underway in November. “Throughout a long process, we have acted in good faith and negotiated constructively in trying to reach an agreement that addresses what we acknowledge to be a significant deficit in the scheme,” Hulse added.According to the fund’s most recent annual report from 2013-14, BSPS had a £1.1bn deficit in March 2013 when measured on an on-going basis.Hulse was critical of Tata’s plans to close the fund to new accrual.“We have made every effort to compromise with the company, even discussing the possibility of meeting the deficit through changes to member benefits, despite the fact the company is legally obliged to pay for the deficit and has always done so in the past,” Hulse said.“Sadly, the company rejected this offer out of hand. It appears they are hell-bent on closing the scheme and are not prepared to compromise.”He said the management of parent company Tata Steel Europe should “seriously consider their positions” after what he deemed a breakdown in trust between the scheme’s sponsor and its workforce.A spokesman for Tata said the company put forward changes to the defined benefits (DB) fund that would have balanced any changes across the entire workforce.“We believe the trade unions’ proposals to change member benefits would have unfairly disadvantaged younger scheme members, who would have had to bear most of the impact of the changes.He added: “We have been unable to come to an agreement that would have enabled defined benefit provision to continue and we will be consulting employees on a proposal to close the defined benefit scheme to future accrual.It is proposed that future pension provision will be on a defined contribution basis.BTPS is a DB scheme, with a standalone defined contribution arrangement launched in 2014.The DB section returned 1.6% over the course of the 2013-14 financial year, and 7.8% over the three years to 2014.last_img read more