“Renovator’s delights’’ the new in demand property type

first_imgIt needed a fair bit of renovation work, but 184 Annie St, New Farm still attracted a big price. Picture: realestate.com.auThere were 19 registered bidders and according to marketing agent Scott Darwon of Ray White, the highest offer before auction was $1 million.“There was a bidding war between two parties and it sold for $1,340,000,’’ he said.The four-bedroom home was described in its listing as a “diamond in the rough’’.More from newsMould, age, not enough to stop 17 bidders fighting for this home4 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor4 hours agoNew Farm is a popular inner city suburb with a median house price of $1.605 million and renovated properties often achieve record sale prices.It was the first time in more than 20 years that the home had been offered for sale. It was on a 354sq m block and had original VJ walls, high ceilings and timber flooring. At 3 Mitta St, Everton Park, the wooden floors are hidden under carpet in the four-bedroom home. 35 Macgregor Tce, Bardon, is described as “full of promise”. Picture: realestate.com.auThe three-bedroom home is said to be “full of promise’’.The original 1930s Queenslander is untouched and original throughout. It has original period features including high ceilings and VJ walls.It could potentially be built-in underneath subject to council approval. The kitchen could do with a bit of modernising at 3 Mitta St, Everton Park. Picture: realestate.com.auIt’s described by its listing agent, Gary Watling, of Harcourts Solutions, as a “new project to call home’’. The house has been held by the same family for 45 years and has not been updated during that time.It sits on 607sq m of land and has high ceilings with wide plaster cornices and double doors which lead from the lounge area to the patio.At Bardon, a home at 35 Macgregor Tce is listed for auction on June 10 through Peter D’Arcy of D’Arcy Estate Agents.center_img 184 Annie St, New Farm sold under the hammer for $1.34 million. Picture: realestate.com.auFancy yourself pretty handy with a hammer?Reckon you could give those contestants on The Block a run for their money?Then maybe your property search should be focusing on a “renovator’s delight’’. ALMOST $1 MILLION FOR THIS RENOVATOR’S DELIGHT There are plenty of properties advertised for sale that need either a little TLC or a massive makeover to transform them.In popular New Farm, a cottage at 184 Annie St attracted strong interest when it went to auction this week.last_img read more

Kenya’s Central bank governor turns down government ‘goodies’

first_imgDr Njoroge’s style brings to the Kenyan public service a rare quality of humility The latest Rangerover, a big house in a posh neighborhood, a big security detail you name it , things that come with being senior in Government, these are the things that one can only dream of.But certainly not Kenya’s newest senior government official who is by the way entitled to.He is the first senior government official to turn down these lavish things that come with his big post.Dr Patrick Ngugi Njoroge, who took over as Central Bank of Kenya governor last week, will instead be housed in communal accommodation.An estate where he and his fellow members of Opus Dei (Latin Work of God), an institution of the Catholic church live.He  says his faith does not allow him to live lavishly when he is a servant of the people.The institution teaches that everyone is called to holiness and that ordinary life is a path to sanctity.Most of  the members of the Opus Dei  are lay people, with secular priests under a bishop.Dr Njoroge, who has sent many Kenyans talking,  is turning out to be a man of exemplary modesty.He has also turned down an office-issued high end smart phone, a bevy of security guards and three cars.Central Bank governors have at their disposal a Range Rover, Mercedes Benz and a VW Passat.Kenya,is  a country where appointment to public office is associated with opulence, demand for higher pay and motorcades. But Dr Njoroge’s decision to pass up a chance to live in a house on two acres located in the city’s most exclusive suburb is a rare one.Dr Njoroge’s style brings to the Kenyan public service a rare quality of humility and an aversion to trappings of power and opulence.In Kenya, the practice is that when you are appointed to high office, you demand big  fuel-guzzling cars and expensive Turkish carpets.What is the practice in your country? Do you have government officers whose agenda is the public first self later? Share your thoughts with us.last_img read more