Riverfront mansion on almost an acre

first_imgJust your everyday outlook from this Chelmer homePrincipal of Adcock Prestige, Jason Adcock, said since the home’s listing just days ago, there’s been a mountain of interest.More from newsMould, age, not enough to stop 17 bidders fighting for this homeless than 1 hour agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor7 hours ago“It’s probably the most significant riverfront property to hit the market in Chelmer in the last seven years,” he said.The Knowlman McDonald home has two levels of living with five bedrooms, five bathrooms, media room, study, library, gym and wine cellar.Finishes include polished timber floors and marble kitchen benchtops. The kitchen is a stunner at 127 Laurel Ave ChelmerIf you’re a motor enthusiast, then secure garaging for four vehicles ensures all your collectables need never cop a hailstone at home.Fancy a spot of tennis and dip? Both are on hand here for you to enjoy before you relax under the patio and watch the rest of Brisbane sail by in envy.“You’re just drawn to the outside with that massive lawn tennis court that meanders from one part of the lawn and down to the jetty,” Mr Adcock said.“Actually every part of the block is usable from front to back which is very unusual for a riverfront block.”This is seriously desirable real estate which Mr Adcock said will suit a family buyer.The property is listed as available for sale by negotiation. 127 Laurel Ave Chelmer offers plenty for family buyers looking for a riverfront home.Give me land, lots of land … and a prestige house too. Oh, and pop it next to the river in one of Brisbane’s most beautiful suburbs while you’re at it. 127 Laurel Ave, Chelmer hit the market this week and will have deep-pocketed buyers fishing around for extra change.The land is a massive 3122sq m site — that’s three quarters of an acre in old-world speak — with 40 metres of direct frontage to the Brisbane River and a timber jetty from which to launch your runabout.last_img read more

​Big investors at crossroads in ‘man vs machine’ shift, survey shows

first_imgFidelity also found that institutional investors around the world expected markets and decision-making to become faster, accurate and more efficient as new technologies took hold.Nearly two thirds (62%) of respondents said they believed trading algorithms and sophisticated quantitative models would make markets more efficient, and 80% thought blockchain and similar technologies would fundamentally change the industry.Most investors said they expected to rely on AI in the near future for certain business functions: 69% of respondents said they expected to rely on AI for optimising asset allocation in the near future, while 67% foresaw themselves relying on the technology for monitoring and evaluating manager and portfolio performance and risk.Nearly 40% said they expected to use it to make custom portfolios without the help of asset managers.However, only 10% respondents told the researchers that they had already fully integrated the technology into investment processes.Paras Anand, head of asset management, Asia Pacific, at Fidelity International, warned that following new data sources or algorithms should not be done blindly.“AI is not capable of making investment decisions alone and more data can simply give way to the risk of mistaking mere noise for valuable insight,” he said. “But if carefully considered investors can embrace AI to enhance their process.”The survey respondents included pension funds, insurance companies and financial institutions with a collective $29trn (€25trn) of assets under management. Most institutional investors believe technological advances such as artificial intelligence (AI) and blockchain will transform the investment industry in the next seven years – but few have used them yet.After polling 905 investors from 25 countries, Fidelity Institutional Asset Management said its research suggested that institutional investors “appear to be at a crossroads in their understanding of how man versus machine will play out”.Its Global Institutional Investor Survey reported that 53% institutional investors believed technology would replace traditional investment roles.However, many said the human connection would continue to be important, with 60% believing AI would augment jobs rather than replace them.last_img read more

Melbourne Cup 2018: waning local participation opens door to foreign raiders

first_img Support The Guardian Read more The Recap: sign up for the best of the Guardian’s sport coverage Cue complaints from local trainers rueing the foreign takeover of the great race and the wholesale lifting of “our prize money”. The trainer in question, Richard Freedman, has his 70-1 honest stager Auvray in the field. It is owned by the China Horse Club and began its career in France. Nostalgia for the good old days when the race was contested by slow Aussie-bred pluggers, also forgets that the trophy back then was typically lifted by Kiwis or New Zealand-bred horses.This year local hopes rest best on four-year-old mare Youngstar, trained by Winx’s mentor Chris Waller, with Gai Waterhouse’s front runner Runaway rated a top 10 hope. But it’s the Brits who have a stranglehold on the race. Confidence is soaring in the Magic Circle camp, the second favourite. Trainer Ian Williams says his Chester Cup winner “looks magnificent” and has thrived since arriving in Melbourne.Saeed Bin Suroor is also confident Best Solution can bring the one prize that has eluded a man who can buy anything, Shiekh Mohammed. It may be the forgotten horse but Best Solution has the class credentials to take the next step to greatness, shooting for its fourth Group 1 win in succession on Tuesday.Thirtysomething Newmarket trainer Charlie Fellowes has won hearts and minds as his handsome six-year-old A Prince of Arun forced its way into the field with a strong victory in Saturday’s Hotham Handicap. Its win franks the form of Cup favourite Yucatan, which beat A Prince of Arun easing down at Caulfield. The buzz around Yukatan is fueled by the Midas touch of its connections, five-time Cup winner Lloyd Williams and the all-conquering Aiden O’Brien – all conquering except for the Melbourne Cup. Yucatan however must overcome a wide barrier and the weight of hype – his Irish and English form had not shown anything worthy of the attention he has attracted since arriving in Australia. Share on Facebook Share on Messenger Share on LinkedIn Share on Pinterest … we have a small favour to ask. More people, like you, are reading and supporting the Guardian’s independent, investigative journalism than ever before. And unlike many news organisations, we made the choice to keep our reporting open for all, regardless of where they live or what they can afford to pay. Whether we are up close or further away, the Guardian brings our readers a global perspective on the most critical issues of our lifetimes – from the escalating climate catastrophe to widespread inequality to the influence of big tech on our lives. We believe complex stories need context in order for us to truly understand them. At a time when factual information is a necessity, we believe that each of us, around the world, deserves access to accurate reporting with integrity at its heart.Our editorial independence means we set our own agenda and voice our own opinions. Guardian journalism is free from commercial and political bias and not influenced by billionaire owners or shareholders. This means we can give a voice to those less heard, explore where others turn away, and rigorously challenge those in power.We hope you will consider supporting us today. We need your support to keep delivering quality journalism that’s open and independent. Every reader contribution, however big or small, is so valuable. Support The Guardian from as little as $1 – and it only takes a minute. Thank you. A roll call of racing’s global elite and a bevy of exceptional thoroughbred talent will collect on Tuesday to cap a vintage year with the 158th running of the $7.3m Melbourne Cup. After another winter of discontent, spring has sprung in all its glory, supercharged again by wonder mare Winx, and so a skittish nation turns its eyes and smartphones to Flemington. While “community attitudes” to horse racing are polarising in the social media era, Cup Day, a public holiday in Victoria since 1873, still signals party time in Australia, an end of year imperative to down tools, gather in groups, overindulge, and “get on the punt” in the best antipodean tradition.We are reminded each November that this is “the race that stops the nation” – but this tiring 20th century tagline now fails to capture the Cup’s growing international status this century – and its waning local participation. Eleven of the 24 runners this year are trained in the northern hemisphere and the foreign raiders have already won a swag of key Cup lead-up races this spring, including race favourite Yucatan’s jaw dropping Herbert Power win, and that of Godolphin’s Best Solution in the Caulfield Cup, the race that is still statistically the best guide to the big one in the new millennium. Horse racing Melbourne Cup Since you’re here… Australia sport features Frankie Dettori wins Breeders’ Cup Turf on Enable to complete dream double Read more Topics Share on Twitter John Gosden’s Ebor winner Muntahaa with his regular jockey Jim Crowley to ride looks a more likely prospect. And last year’s beaten favorite Marmelo is back, with trainer Hughie Morrison engaging Winx’s jockey Hugh Bowman.The mood this spring is buoyant but the bravado hides nagging worries. “Gamble responsibly” is becoming the turf equivalent of “thoughts and prayers” as punters have opened their shoulders this spring to record wagering turnover. But while the crowds and turnover are up, racing is at a crossroads struggling for relevance in the broader population. The turf remains a durable if fraying social institution, still enjoyed by a subcultural mass, but it is increasingly bagged by “neighsayers” who want it shut down immediately, those who may have once brooded in silence but now organise online.This dichotomy has been a tale of two cities this spring. The hype and loathing of Sydney’s $13m Everest – suddenly the world’s richest race, and thanks to a shock jock, the only horse race in the city’s history to mobilise a mass protest. And this year’s epic, emotional Cox Plate in Melbourne; riven by the power and poise of champion mare, Winx, the first horse and likely only horse to win Australia’s best horse race four times.And so it was the money or the horse. Sydney or Melbourne. Marketing hype or the real deal. Winx provided the perfect answer to the punishers and straighteners demanding racing begone. But its a temporary victory. Any publicity is good publicity? If all you’ve got is public relations, the public will find you out. Good punting and may we all find the Best Solution for all. Share on WhatsApp Share via Email Reuse this contentlast_img read more