With two swimming pools and a tennis court, living in this home is like living in a resort

first_img58 Primley St, Pullenvale.“When we moved in our youngest was only nine, so they were in various stages of development, and it has just been a perfect family home for us.’’With only one of their children remaining at home, it is now time for the couple to downsize.More dream homes…Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:38Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:38 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Trackdefault, selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenDream Home: Carlton North01:38 Related videos 01:38Dream Home: Carlton North02:10Dream Home: Manly00:45Dream Architecture: Mandalay House02:17Dream Home: Box Hill North02:08Dream Home: Buderim00:27Masterpiece home The layout was a big selling point for Mrs Thomas, but the thing which really clinched the deal was the view from the kitchen window.“To be honest with you when I walked into this home for the first time and I went to the kitchen, and it has got a fabulous view to the city, I thought I am going to spend a lot of time in here looking after my children’s meals and my friends’ meals and that view is really just unsurpassed,” she said. Helen and Peter Thomas at their Pullenvale home. Picture: Annette DewHelen and Peter Thomas bought their home at Pullenvale in 2003, but Mrs Thomas still remembers what attracted her to it in the first place.“The layout was perfect; we literally walked in the front door, the kids went down the kids’ wing and we went up to our private area at the other end of the house and we thought, ‘yes’,’’ she said.“It has been a fabulous house for them (her four children) to grow up in. 58 Primley St, Pullenvale.More from newsDigital inspection tool proves a property boon for REA website3 Apr 2020The Camira homestead where kids roamed free28 May 2019The couple built an infinity edge pool and it is over this water that Mrs Thomas looks at the city view from the kitchen.“I just love water around me, so the combination was perfect,’’ she said.Mrs Thomas said the size and layout of the house was perfect for a large family or even for multi-generational living.Each of the bedrooms has its own entrance and exit to the carport.The home is on the ridge of the D’aguilar Range and has not one but two swimming pools – a 15m infinity edge pool and a second, fully tiled swimming pool with spa. There is also a tennis court.center_img 58 Primley St, Pullenvale.The single-level home has a cathedral style rooftop with terracotta tiles and expansive glass facades.Inside the double-door entry is a foyer which separates into two distinct wings – a casual zone to the left and the more formal living areas to the right. In the casual zone is a large billiards or games room with a wall of floor-to-ceiling windows and doors that open outside.Next to this is a media room with a bar, rear projector system and access to the covered rear courtyard. This area is serviced by a separate external bathroom.Four of the five bedrooms are in this wing, with one having a separate living room, kitchenette and ensuite attached.In the other wing of the house is a formal lounge with city views and an open fireplace. The main bedroom is in a private wing with garden and mountain views.DETAILS 58 Primley St, Pullenvale5 bed7 bath2 pools1 tennis courtAgent: Rachael Spinks. Spinks & Co Residential.last_img read more

EIOPA flags PEPP viability thumbs-down in letter to Commission

first_imgThe EU occupational pensions supervisor has highlighted to the European Commission industry representatives’ verdict about the implications for the pan-European personal pension product (PEPP) of including the initial cost of advice in the charge cap.On Friday EIOPA delivered to the EU executive its proposed legal instruments and advice on delegated acts to implement the framework for the PEPP.In a letter to Commission vice-president Valdis Dombrovksis, EIOPA chair Gabriel Bernardino said the supervisory authority’s proposals had found support from a wide range of stakeholders, but that he wanted to highlight that “industry representatives stressed their negative assessment of the PEPP business proposition’s viability in light of the Basic PEPP’s cap on costs and fees namely due to the initial cost of advice”.“Factually, the level of maximum costs per annum of the Basic PEPP can be observed in current, well-established markets and cannot necessarily – over the long-term – be regarded as excessively low,” Bernardino continued. “However, it is important for us to bring to your attention that the cost cap’s reference to the accumulated capital may lead to a situation where the providers’ expenses cannot be matched in the initial phase of a contract and in the advanced stages of the contract, the costs to the consumer can be relatively high.”Bernardino also said EIOPA believed that the provision of advice to consumers “may deserve further consideration and guidance to allow for an advice process that is fitted to the specificities of the PEPP and to the opportunities of digitalisation and online distribution”.The challenges involved in gathering all the relevant information to understand a consumer’s sources of future retirement income underlined the need for a European pension tracking system, he added. Gabriel Bernardino, EIOPA’s chairAll-inclusiveThe final PEPP regulation stipulated a cost cap for the so-called Basic PEPP, the default option, of 1% of accumulated capital per annum, and a requirement for PEPP providers or distributors to provide advice, including a personalised recommendation, to customers.Part of EIOPA’s job was to draft rules specifying the types of costs and fees that should be included under the cost cap for the Basic PEPP.It has proposed an “all-inclusive” approach, with as narrow as possible a list of exemptions from this approach. The cost of providing a capital guarantee is excluded, although it must be expressly disclosed.A spokesperson for EIOPA said: ”As there are two types of Basic PEPPs (one with the ambition to recoup the capital and one with a guarantee to receive the capital), the costs for the additional layer of protection for the capital guarantee is taken out of the cost cap. Otherwise we would not have a level playing field between the two types of Basic PEPPs and the corresponding PEPP providers.” According to EIOPA’s proposal, costs incurred by providers for the initial advice could be amortised in the cost cap.In addition to covering the cost cap of the basic PEPP, the draft regulatory technical standards cover two mandatory consumer information documents, and risk-mitigation techniques.The draft implementing technical standards set out the procedures, processes and templates for annual supervisory reporting requirements for PEPP providers and cooperation and exchange of information between national competent authorities and EIOPA.Bernardino said: ”With the delivery of EIOPA’s proposed implementing measures specifying the PEPP Regulation, EIOPA has fulfilled its objective to design the PEPP as a simple, safe and reliable retirement savings option for the European citizens and to provide a powerful tool to close the pension savings gap.”To read the digital edition of IPE’s latest magazine click here.last_img read more