The Brisbane home offered a glimpse of luxury from a bygone era.IF you’re in the market for an once-in-a-lifetime project, then 68 Molonga Terrace, Graceville could be you dream venture.68 Molonga Terrace, Graceville present a unique opportunity.The estate is the former family home of property industry identity Peter “Burt” Peterson and wife, Melda who was a keen art and antiques collector.The residence sits upon 6532sq m of riverfront land described across two titles.The agent’s indicative outline of this extraordinary block.More from newsParks and wildlife the new lust-haves post coronavirus1 day agoNoosa’s best beachfront penthouse is about to hit the market1 day agoDixon Family Estate Agent director, Jack Dixon, said the home’s been held in the Peterson Family for 70 years and this is the first time it’s been taken to market.Mr Dixons said the three-level, five-bedroom, seven-bathroom house is grand and the site has redevelopment or subdivision potential.“It’s a perfectly liveable, quite charming and very well kept home, but someone will likely update it,” Mr Dixons said.“You could restore it to its former glory but someone might move it across, rebuild — there are lots of different options with this one,” he said.“People walk in there on inspection and they’ll see it’s definitely from a different era.”Other features include the marble fireplace, self-contained living area with kitchenette, a cellar, undercover pool and lawn tennis court.An undercover pool was the height of luxury.Mr Dixon said although the listing had hit the market just days ago, he was already fielding strong inquiry which was likely to ramp up as the auction approached.“There’s always really strong interest in these types of properties because you only get these opportunities comes up once or twice a year in the Brisbane market,” Mr Dixon said.The home is being taken to auction at on Saturday November 25 at 1pm.Follow Kieran Clair on Twitter at @kieranclair
JOHNSTON — Sending $1,200 checks to most every American is part of the stimulus package Congress has devised and Creighton University economist Ernie Goss says those checks will help the overall economy.“It’s a good idea in the sense of stimulating demand and that’s what we’re talking about here,” Goss says. “…Ultimately, it we will get a spring back in the economy and that would be part of it.”Goss does have concerns about the ballooning federal deficit, but he is predicting the U.S. economy will bounce back once the coronavirus-caused closures are lifted. Iowa State University economist Peter Orazem says given economic conditions, policymakers should have been reducing the deficit over the past few years.“But once you get to this particular state where a bunch of firms and a lot of people do not have savings to withstand that problem, I think doing some sort of government transfer payment program to try to help out the population is a very good idea,” Orazem says.According to Orazem, about 22% of the jobs in Iowa are in the service sector — in restaurants, bars, and other hospitality industry businesses.“A lot of firms that are mom-and-pop establishments,” Orazem says. “It’s hard for them to get by with one or two months of no revenue.”Orazem says some other sectors of the economy can easily shift to a work-from-home format and keep people employed. Goss, from Creighton, regularly surveys rural bank managers in the Midwest. He compared the most recent results with surveys taken during the Great Recession in 2008 and 2009.“This is a far bigger hit, but I expect the duration to be shorter,” Goss says. “But I expect the duration to be shorter. We are, in my judgment, likely to see a rebound — perhaps rebound is too strong a word, but see things improve in the third quarter of this year.”Goss says the current economic disruption will have some positive, long-term consequences.“For example, universities are going to begin offering more and more online,” Goss says. “We’ll become cost-effective, which we need to do”And Goss says a shift to online instruction is likely to help rural K-through-12 school districts that are financially-strapped and sparsely-populated.The two economists made their comments on the “Iowa Press” program on Iowa PBS.
Photo showing what the $18,000 in gift cards purchased over the last two weeks looks like. All giftcards have been drained. Photo example of the text communication between victim and prey. MASON CITY — Authorities are warning about a scam that cost a local resident about $18,000. The Mason City Police Department’s Mike McKelvey says a north-central Iowan who banks in Mason City purchased about $18,000 of gift cards in the last two weeks after an unknown subject contacted the resident through text messages and emails. The victim claims he never talked to the person directly or over the phone, but the person wrote that she wanted to be his girlfriend and lives in Nigeria. The resident gave the unknown person his personal bank account information, with the person initiating Automated Clearing House electronic payments to his account. He would then quickly withdraw money before the pending ACH cleared, go purchase gift cards, scratch off the access code information and send photos of the access code information back to the unknown person, who would then drain the cards quickly. McKelvey says many recent victims have seen several thousands of dollars of losses after being contacted through social media and online dating sites.