How $50 turned retired grandparents into property moguls

first_imgThe RSL Art Union raffle prize on Jefferson Lane at Palm Beach worth $4.1 million.“We’ve been coming up here for the winter for many years and we’d have a look at homes, but think we’re just dreaming,” said Mr Sanders, who calls Bendigo, Victoria, home.“Usually we would book in February to come and holiday here, but this year we won’t have to.”The couple have bought entries in the RSL’s draws across Queensland for the past 35 years.More from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach Northless than 1 hour ago02:37International architect Desmond Brooks selling luxury beach villa20 hours ago“Jenny and I are still going through the emotions, we’d never looked like winning anything, and here we are,” said Mr Sanders. What to do with an entire apartment block? Ray and Jenny inside their new penthouse. Picture Glenn Hampson“Down the track, what a great future it’s going to be for our daughters, son-in-laws and eight grandchildren.”The newly-built complex at Bluebird’s Rest features a two-storey penthouse with ocean views, four two-bedroom, two-bathroom apartments, a pool, 10-car garage, barbecue area and $304,000 worth of furniture.The Sanders also won $80,000 of gold bullion. Ray and Jenny Sanders are the winners of the RSL’s largest prize home — a $4.1 million apartment complex at Palm Beach. Picture Glenn HampsonTHE GOLD Coast’s newest property moguls are thrilled with the future they can provide their grandchildren after winning an entire apartment block worth $4.1 million.Retirees Ray and Jenny Sanders bought a $50 ticket in the RSL Art Union’s biggest prize home draw — five apartments in Palm Beach — during their annual holiday to Burleigh Heads. The couple has the option to rent out or sell the apartments.“We’ll probably be living in the penthouse for a good six months of the year to start with and then the family can come and go whenever it suits them,” Mr Sanders said..“With the four other apartments, our financial adviser will assist us with them, we might sell a couple, we might keep the four, we don’t know yet.”The RSL raises funds for ex-servicemen and women, including services like crisis accommodation and rehabilitation support.The next prize will see a $5 ticket land a lucky prize winner a $2.3 million package of three apartments, including a luxury Southport unit and one on the Sunshine Coast and Brisbane.last_img read more

Intelligence

first_imgCAPTION: Metrolink operator Southern California Regional Rail Authority has been running a series of trials around Los Angeles with a Siemens-built RegioSprinter. On January 18 the lightweight articulated railcar made demonstration runs on a freight line between Arcadia (above) and Claremont in the San Gabriel valleyCAPTION: French National Railways ran a demonstration special on February 16 as part of a two-month trial with an Italian ETR460 tilting trainset on the Paris – Orléans – Limoges – Toulouse main line; a 1992 plan to upgrade the classic route to TGV standards has been dropped, and SNCF is now looking at the scope for 220 km/h operation of tilting trains to cut Paris – Limoges journey times from 3h to 21??2 hlast_img read more

Platt follows Mancini out of City

first_imgManchester City assistant manager David Platt has left the club just a day after Roberto Mancini was sacked. Mancini paid the price for a poor season which saw the club beaten by Wigan in Saturday’s FA Cup final at Wembley after surrendering the Barclays Premier League title to arch-rivals Manchester United. Platt was offered the chance to stay on at the club which he joined in 2010 but decided to join Mancini in leaving. Press Associationcenter_img The club released a statement which read: “With regret Manchester City announce that David Platt has this afternoon left his role as Assistant Manager at the Club. “David was offered the opportunity to continue his work with us but has declined the invitation. He has decided to leave his role with his close friend Roberto Mancini. “David has made a significant contribution to the Club’s success since joining in 2010 and we wish him well with his career wherever that now takes him.” Platt was part of Mancini’s backroom staff at the club, winning the FA Cup and then last season pipping United to the Premier League title on the final day. last_img read more