Almost $1 million for this ‘renovator’s delight’

first_imgThe agent fielded eight written offers before the auction.On auction day, 15 registered bidders looked to make it theirs, but it was a Brisbane buyer who landed the home at the near $1-million-price tag.According to Mr Murray the buyer has experience with renovations.“We’ve got a happy buyer and a happy seller — but it exceeded expectations for sure.“I think there’s still a lot of growth. I think we’re just at the point where the pin is about to drop and were about to see a lot more of these big sales — especially in unrenovated, well positioned, well marketed property.”Mr Murray says although the sale was to a local purchaser, interstate interest in Brisbane is growing.“People coming up from the southern states looking to buy something that close to the city on a 405sq m for under a million dollars is unheard of down there, whereas they come up here and you could almost buy two for the price of one.” This Brisbane ‘renovator’s delight’ has sold at auction for $970,000.Buyers are fronting up big dollars for fixer-upper homes in some of Brisbane’s best suburbs — and it could be just the beginning if the $970,000 sale of 10 Bernhard St, Paddington is any indication. The agent believes demand for unrenovated property in Paddington is only just ramping up.center_img 10 Bernhard St Paddington will require some work to unearth its full potential.The three-bedroom, one-bathroom renovator’s delight sits on an elevated 405sq m allotment close to cool cafe’s and boutique retail, but it will take quite a bit of work to unearth a grand residence from the modest home.While at this stage the property only has ‘city glimpses’, there is potential to take things up a notch, according to Andrew Murray, sales agent at Ray White Paddington.Mr Murray said he was able to leverage off previous selling campaigns and brings an extraordinary level of competition to Bernhard St.“I had a couple of properties recently that I sold — unrenovated cottages in Paddington.”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 agoMr Murray said the property had a great sales campaign with 93 groups at open homes, 25 private inspections and eight written offers before auction.“Given the amount of work we put in, it didn’t surprise me,” he said.last_img read more

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Johnson & Johnson fined $1.1bn in latest Risperdal case

first_img Share HealthInternationalLifestylePrint Johnson & Johnson fined $1.1bn in latest Risperdal case by: – April 11, 2012 Sharing is caring! Johnson & Johnson is appealing fines handed down by other US statesDrugs giant Johnson & Johnson (J&J) has been ordered by a US judge to pay $1.1bn (£690m) for downplaying the risks involved in taking its anti-psychotic drug Risperdal.The state of Arkansas sued J&J and its subsidiary Janssen Pharmaceuticals over its marketing of the drug in 2007.A number of US states have already found the firms guilty of similar charges and fined them accordingly.Janssen said it was “disappointed” with the judge’s decision.The company added that if its motion for a retrial was denied, it would appeal the fine.“During the nearly three-week trial, Janssen presented abundant evidence showing the company acted responsibly and fully complied with all laws and regulations regarding Risperdal,” it said in a written statement.AppealIn January, J&J agreed to pay $158m to settle allegations of illegal marketing of Risperdal in Texas.Last year, a South Carolina judge ruled the company must pay a $327m penalty after a jury found it guilty of similar charges, while in 2010, a Louisiana jury found the company violated the state’s Medicaid fraud act.These two verdicts are currently under appeal.Medicaid is a government-backed US public heath programme for low-income citizens.BBC News 12 Views   no discussionscenter_img Share Tweet Sharelast_img read more

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Beck try double sets up Ospreys win

first_img In a see-saw battle Ospreys came from behind once more as Beck went over for the second try to begin a sequence of 17 unanswered points. After Dan Biggar landed a penalty skipper Alun Wyn Jones went over by the posts as the Ospreys opened up a 24-8 lead. But on the stroke of half time prop Denis Buckley was on the end of a driven line-out to claim Connacht’s second try. Seven minutes into the second half Beck went over to secure the bonus point. And there were further tries for prop Nicky Smith and Dan Baker as Ospreys emerged six tries to three winners. Flanker Conor Gilsenan went over for Connacht’s third try. Just before the close Alun Wyn Jones received a yellow card – his second in consecutive games. Press Association Centre Ashley Beck crossed for two tries as the Ospreys signed off their Pro12 season with a consolation bonus point win over Connacht. Ian Evans was playing his final match for the Ospreys before moving to Toulon in the summer. And Justin Tipuric was playing his final game before undergoing shoulder surgery which will sideline him for Wales’ tour of South Africa next month. Despite the defeat to Zebre Ospreys made only two changes with wing Jeff Hassler and flanker Sam Lewis coming into the side for Aisea Natoga and James King respectively. Connacht coach Pat Lam made four changes from last weekend’s 22-15 home defeat by Cardiff Blues with hooker Dave Heffernan handed his first start of the season. Connacht started the brighter and earned a penalty from a scrum on the 22 which Miah Nikora kicked to give the Irishmen the lead after four minutes. The Ospreys squandered a try chance on 10 minutes in a mix-up between Tipuric and Hassler. But Hassler more than made up for the error three minutes last when he picked up a loose ball in his own half and ran in breaking through a last-ditch tackle to go over for his team’s first score. But Connacht were back in the lead five minutes later when wing Danie Poolman latched onto Nikora’s neat cross kick and he put full-back Darragh Leader in. The match had become all but irrelevant after the Ospreys’ disastrous 30-27 defeat to Zebre. But the Ospreys still managed to dig deep for a performance to score six tries to Connacht’s three. last_img read more

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