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News.com.au
2 days ago
- Business
- News.com.au
Mill Park: $200k auction bonus in Melbourne's north
Six enthusiastic bidders competed for a house in Melbourne's north that surged hundreds of thousands above price hopes on the weekend. The three-bedroom home at 8 Gaze Court, Mill Park, fetched $918,000 – a sum more than $200,000 above the $650,000-$715,000 listed range's upper end. Ray White Mill Park's Robert Stambolziev said the abode, featuring two bathrooms and a shed, was called on the market within the low-$700,000s. 'It started off slow but picked up as we had online bidders and a lot of first-home buyers too,' he said. 'I think with interest rates coming down it has brought a lot of buyers into the market and with more rate cuts expected, it's encouraging more people to buy now.' Mr Stambolziev added that Mill Park itself was in demand with buyers including those from Sydney, where prices are much higher. He credited the area's infrastructure such as schools, public transport and the North East Link that's currently under construction for its popularity. The house's owners, Vicki Blade and Andrew Donald, bought two decades ago when they moved from New Zealand to Australia. 'We're selling to move back to New Zealand so as we get older we can be closer to family,' Ms Blade said. 'We had been here in Australia for three years when we bought the home, Australia has been very good to us.' About 20km away, a house at 34 Beresford Cres, Gladstone Park, also sold under the hammer on Saturday. The three-bedroom pad was snapped up for $770,000. Ray White Gladstone Park's Malek Younan said the owner's reserve was $700,000. Bidding started at $650,000 with four sets of buyers hoping to secure the keys. 'A young couple who are pregnant were the successful bidders,' Mr Younan said. The pair had been looking to buy for about five months. Mr Younan said there was not much other stock on the market at a similar price point in the suburb, which had contributed to the number of bidders competing for it. The owner's daughter, who was helping her mother to downsize, tuned into the auction from overseas. 'She was absolutely thrilled for her mum,' Mr Younan said. 'It was a very emotional day for the seller as well.'
Yahoo
29-05-2025
- Business
- Yahoo
SIPP Americas LLC Secures Exclusive Canada, United States and Mexico Distribution Rights for Resiline® Spray-in-Place Pipe Rehabilitation Solutions from Resimac Ltd
DALLAS, May 29, 2025 (GLOBE NEWSWIRE) -- SIPP Americas LLC, an infrastructure solutions company based in Dallas, is pleased to announce that it has secured exclusive distribution rights for the Resiline® product line in Canada, the United States, and Mexico. Developed by Resimac Ltd., a company based in the United Kingdom, this agreement represents a significant advancement in expanding advanced Spray-in-Place Pipe (SIPP) pressure pipe rehabilitation technologies throughout North America. Resiline® products were created by industry-leading specialists and have undergone extensive testing to ensure fit for purpose for the SIPP rehabilitation of aging and deteriorating potable and non-potable pressure pipelines including potable water, force mains, fire mains, and industrial pipelines. These products are designed for quick curing, durability, efficiency, minimal service disruption, and compliance with stringent international standards. 'We are excited to partner with Resimac Ltd to bring the Resiline® product line to the North American market,' said Giacomo (Jack) Conte, CEO of SIPP Americas LLC. 'Municipalities, utilities, and facilities across North America are encountering increasing difficulties in maintaining aging and deteriorating critical pressure pipelines. Resiline® offers a high-performance, cost-effective trenchless pipeline rehabilitation solution that minimizes downtime and restores pipeline integrity with minimal impact on the public, businesses, and the environment.' Resimac Ltd, a global leader in high-performance polymeric coating technologies, has developed Resiline® to meet the increasing need for sustainable, non-invasive pressure pipe rehabilitation solutions. Under this exclusive partnership, SIPP Americas will oversee product distribution, certification, and support for utilities, engineers, and contractors implementing the Resiline® system. Andrew Donald, Global Business Development Manager at Resimac Ltd, stated, "The agreement with SIPP Americas LLC represents a strategic advancement in extending the global reach of the Resiline® product line. We are assured that the expertise and market presence of SIPP Americas will effectively deliver the Resiline® solution to a region where infrastructure renewal holds significant importance." SIPP Americas will begin commercial operations of Resiline® distribution and support services in Q3 of 2025, with training and certification programs available for contractors, engineers and technicians. For more information about SIPP Americas LLC and the Resiline® product line, please visit Media Contact:Dr. Mark KnightChief Technical OfficerSIPP Americas LLCEmail: (519) 581-8835Website:
