Close call on tough negotiations

first_imgAuctioneer and agent Alistair Macmillan works the crowd to try and secure a sale. Photo: Mark Cranitch.Mr Macmillan said the sellers were interstate and found it too hard to buy in Melbourne in 2008.Their solution was to instead get a piece of Brisbane, and take advantage of the equity gain when the time was ripe.One potential buyer, Sydney Milton, was hoping to become a first-time homeowner in the area.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 agoHe’s looking for an entry level holding that’s north of the river and close to the CBD, but they’re not easy to find.“It is hard work. I’ve done a lot of research and there’s just not much around so you’ve got to be patient,” Mr Milton said. Tough negotiation skills were on display at the auction of 28 Grove St, Albion today. Photo: Mark Cranitch.It’s been advertised as a magnificent opportunity in an inner-city suburb, but all parties stood their ground at today’s auction of 28 Grove St, Albion.The house has all the makings of a great entry-level prospect in a blue-chip position.It’s a 405 square metre lot improved with a mid-set, timber-and-tin workers cottage — a classic design for the suburb. The home is comfortable enough to live in straight away, but there’s heaps of opportunity to renovate and gain more equity.Before the event, agent and auctioneer Alistair Macmillan of Ray White Wilston was excited by the interest.“We had over 70 inspections of the property in four weeks,” he said.“If you’re a buyer and you want to get close to the city in a house on a block of land sub-$850,000, they’re few and far between.” The audience is raring to go at 28 Grove St, Albion. Photo: Mark Cranitch.The crowd of approximately 30 filled the front yard with nine registered bidders all ready to go.An opening offer of $500,000 wasn’t going to last long and with bids at $50,000 increments, it only took a moment for three very active parties to reach the $750,000 mark.Things started to slow and once the price reached $800,000, Mr Macmillan was on the phone to the out-of-town owner to seek instructions.A bit of to-and-fro ensued and the auction was reopened with highest bidder, Patrick Daniels, raising his offer to $805,000.It still wasn’t enough and the home was declared ‘passed in’.Mr Daniels said he’s keen on the area at the right price, although house hunting isn’t his favourite was to spend his days off.“A bit painful to be honest. Giving up your weekends to come and do this isn’t my idea of fun.”Mr Daniels said if he did eventually buy the home, he’d happily live in it while considering options for adding value in the future.As at the time of publication, the property has been relisted on for $839,000.last_img read more

PRO-6, PDEA back death penalty revival

first_imgILOILO City – The Police Regional Office 6 (PRO-6) and Philippine Drug Enforcement Agency (PDEA) in Western Visayas support the proposed re-imposition of the death penalty. In December 2016 a bill to revive capital punishment for certain heinous offenses swiftly passed in the committee level in the House of Representatives; it passed the full House of Representatives in February 2017. Tougher penalties will send a clear message and force drug traffickers to have second thoughts about peddling illegal drugs, stressed Villanueva. But he stressed heinous crimes and illegal drugs destroy lives and society in general, thus these must be stopped, and the death penalty is a deterrent. Foreign and local drug offenders, including drug protectors found guilty of manufacturing, trafficking, and pushing dangerous drug, warrant capital punishment, according to the PDEA chief. “The PRO-6 will always be committed to implement laws, most especially those that protect life, property and ensure peace and order,” said Gorero. PDEA Region 6 director Edgar Apalla said his office, too, supports the revival of the death penalty and echoed the position of PDEA director general Wilkins Villanueva that capital punishment on drug traffickers should depend on the volume of illegal drugs traded and the subjects’ role in the drug trafficking chain. The absence of capital punishment is favorable to drug peddlers who continue their nefarious activities despite being in detention, he lamented. The last convict to have been executed by lethal injection – during the administration of President Joseph Estrada – was Leo Echegaray, a rapist. After the fall of Marcos in 1986 there was a moratorium on capital punishment from 1987 to 1999, followed by a resumption in executions from 1999 to 2006 that was followed by a law ending the practice.center_img Capital punishment in the Philippines was legal after independence in 1946 and increased in use under the Ferdinand Marcos regime. Gorero assured Western Visayans that policemen respect human rights, especially the right to life and constitutional freedoms. “We have intercepted drug transactions perpetrated by convicted high-profile inmates while inside the national penitentiary. They have found ways to communicate with the outside world and give orders to their people,” he revealed. President Rodrigo Duterte urged Congress during his State of the Nation Address on Monday to revive capital punishment via lethal injection with the goal of stopping drug trafficking and heinous crimes caused by illegal drugs. During the 2016 election campaign, then presidential candidate and frontrunner Davao City mayor Rodrigo Duterte campaigned to restore the death penalty. “Execution by lethal injection is for big-time drug traffickers and not for the street-level pushers. I strongly suggest that seized drugs weighing one kilogram or more should be the threshold volume,” Villanueva said. Despite the police’s campaign, illegal drugs remain rampant in Western Visayas and some people still venture into drug trafficking, said PRO-6 spokesperson Police Colonel Gilbert Gorero. However, the proposed measure stalled in the Senate in April 2017 where it did not have enough votes to pass./PNlast_img read more