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first_imgA wise use of storage spaceSales agent at Calibre Real Estate, Marlene Baker, said the size, convenience, outlook and livability of the penthouse combine to make it a very attractive proposition.The sellers bought the penthouse in 2009 so they could take full advantage of their retirement.“They used to live in Clayfield and were looking for something easy and low maintenance that they could basically lock up and go cruising.”Of course if you decide to stay home instead, you’ll probably feel like you’re on holiday anyway.“The balcony looks directly to the city and up and down the river — it’s spectacular there in the evenings,” Ms Baker said. Secure lift access and Christmas gift storage areaWhile your average apartment can feel cloistered, you’ll have no such concerns here.The main bedroom is its own retreat with a study, dressing room, ensuite and balcony ensuring there’s a getaway for the new buyer. Your private main-bedroom suiteThe layout and four private car spaces would even suit a modern family, said Ms Baker.“I have a family (interested) … they have three teenage kids.“They thought the teenage kids don’t need as much outdoor yard space. It’s convenient for them and there’s enough parking for all of their cars.”If entertaining is your style, then guests won’t have pay to park either.“At Portside there’s parking underground which you’d ordinarily have to pay for, but if you have a large party of guests then each of them can get a pass to go down and park in there in Portside as well — that’s part of the Penthouse deal.”Ms Baker said she’s enjoyed having the chance to sell the apartment, and it seems the owner’s lifestyle is influencing her as well.“The owners do love their cruises so whenever we talk, we’re always talking about where they’re thinking of going next. I said to my own kids, ‘When we sell it, we’ll book a cruise.’”The penthouse is for sale now by private treaty through Calibre Real Estate Brisbane. Not a bad view for your dinner each eveningMore from newsMould, age, not enough to stop 17 bidders fighting for this home2 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor7 hours agoThe lush decoration and printed wall paper may strike some online viewers as busy, but Ms Baker said once you’re in the apartment, you’ll understand what the owners have achieved.“They had a stylist come up from Adelaide who did help them with the decoration.“With the heights of the ceilings and light from outside, it all works in together.”One of the central pieces is also used very effectively by the owners each year.“That tree that’s in the atrium they end up decorating at Christmas time, then put all the Christmas presents in there and the grandchildren can’t touch them because it’s all glassed (in).” The penthouse is opulent and hugeWith almost 600sq m of living, you’ll forget this Portside sky mansion is part of an apartment block.But you’ll need around $5.5 million to secure the dream.The penthouse of Infinity Apartments located at 132/37 Harbour Road Hamilton has hit the market and it’s every bit as opulent as you’d imagine.Built in 2005, you enter the four-bedroom, three-bathroom home directly out of the secure lift.Take a couple of right-hand turns and you’re walking through the home theatre and into a 2000 bottle wine cellar — a handy detour to make before bee lining to the monster balcony and its city view.last_img read more

first_imgThe run-up to UK’s general election on 8 June may very well be dominated by one topic – Brexit – but that has not stopped the country’s pension funds from listing their preferred priorities for the next government.The Pensions and Lifetime Savings Association (PLSA) has called for political parties to include six pension-related topics in their manifestos, including helping defined benefit (DB) schemes to merge, increasing the minimum contribution for auto-enrolment schemes, and simplifying the state pension.Graham Vidler, director of external affairs at the PLSA, said: “The next government needs to consolidate the growth of workplace pensions, increasing the reach of automatic enrolment and setting out a plan to raise contribution rates. It also needs to make it easier for schemes to make DB pensions sustainable.“Above all, it needs to build public confidence in the system, helping the industry fight scams and deliver the retirement choices savers want, while resisting the temptation for further raids on the pensions tax relief piggybank.” The UK’s first-pillar pension system has already hit headlines since prime minister Theresa May called the election two weeks ago.Of particular focus is the so-called ‘triple lock’, which promises an increase every year based on inflation, average earnings growth, or 2.5%, whichever is highest. Recent reports have suggested that this could be changed to reduce the financial burden of the state pension.A government-commissioned report by John Cridland, former director general of the Confederation of British Industry, recommended that the triple lock be scrapped and the state pension age increased to 68. It is due to rise to 67 by 2028 under current legislation.The PLSA said the state pension was “affordable without further increases to the state pension age” but agreed that the triple lock should be replaced with “a simpler, fairer, and more affordable uprating mechanism” linked to average earnings growth.Consultancy firm Mercer also backed calls for parties contesting the general election to be explicit in their plans for the state pension. Tony Wood, UK leader of Mercer’s health and benefits business, said John Cridland’s review “goes to the heart of many of the core issues raised in the current election campaign”.“However there appears to be a distinct lack of commitment to the recommendations,” he added. “People need to plan well in advance, to be able to make the most of living and working longer, and it is imperative that all the recommendations of this review are addressed by those forming our new government and not kicked into the long grass.”The government was due to discuss the state pension next week, but parliament has been dissolved ahead of the 8 June poll and no more policy work will take place until the next government is formed.The PLSA listed five more areas of focus, including DB scheme consolidation. The trade body is a vocal advocate of schemes working closer together to reduce costs and improve governance, and has proposed the creation of “superfunds”.It said: “The government should bring forward legislation to reduce burdens and enable pension schemes to share services or to merge, delivering better returns, saving money, and improving governance. This will mean a greater chance of members receiving their benefits. It will free employers to focus on corporate growth and it will return public confidence to the system.”On auto-enrolment, the PLSA called for overall minimum contributions to be increased to “at least 12% of salary” by 2030, as well as extending the policy so it applies to workers aged between 18 and 21, self-employed people, and people in multiple jobs.The trade body also recommended an authorisation regime for pension funds to reduce the risk of members transferring into fraudulent schemes. It called for improved help for members at retirement, and for the next government to review the pension tax relief system to ensure it is sustainable and incentivises saving.last_img read more