The property at 9A Narelle Ct, Plainland overlooks the stunning infinity pool.A home at Plainland is being offered for sale with a feature rarely seen in the suburb.A stunning saltwater infinity swimming pool is part of the three-bedroom, two-bathroom home at 9A Narelle Ct.The home has been designed and built by the current owners who are downsizing to a smaller home. 9A Narelle Ct, Plainland. 9A Narelle Ct, Plainland is being sold for $685,000.More from newsDigital inspection tool proves a property boon for REA website3 Apr 2020The Camira homestead where kids roamed free28 May 2019 Could you live here?The property, on 2.43ha, is being sold by Elders Real Estate Laidley agent Darryl Muckert, for $685,000.Mr Muckert said it was very unique to find an infinity pool in Plainland.“The house, the land and pool, combined in one package is so rare to find in this area,” he said.The central section of the home includes the living areas, a powder room, laundry, office and a wine cellar. 9A Narelle Ct, Plainland.A central feature in this area is the 3m high running waterfall over a split-brick faced wall along with the high raked timber ceilings and the polished hardwood floors. The northern wing of the home is connected by a enclosed walkway which has some glass flooring in place to look through to the purpose built fish/water pond that wraps through and around the home.The southern wing is also connected by a enclosed walkway and has two bedrooms.
The Central Bank of Iceland has revealed that the country’s pension funds used only 77% of the latest allowance it gave them to invest abroad, as parliament passed a landmark bill to start lifting the capital controls imposed after the 2008 crisis.The bill amending the Foreign Exchange Act of 1992 centred on liberalising capital controls on individuals and firms and was passed on Tuesday by Iceland’s parliament (Althing) by all 47 members who were present, of the 63 members in total.The legislation means people and companies are now allowed to invest up to ISK30m (€238,000) abroad before the end of this year, at which point the authorisation amount will rise to ISK100m.From the end of this year, they will also be allowed to transfer deposit balances from accounts with domestic banks to accounts with foreign banks. The bill does not change the situation for pension funds, however, which are being permitted through separate action to increase their foreign investment, which was effectively frozen in terms of its absolute size when capital controls were put in place eight years ago.This action has taken the form of tranches of authorisation from the central bank for the funds to invest a certain overall amount – divided between the pension funds according to a varying formula – which have been granted in four stages between mid-2015 up to the latest allowance period, which ended on 30 September.The first three allowances totalled ISK40bn, and the most recent allowance for the period between July and September amounted to another ISK40bn.Figures released by the central bank this week show the pension funds only made use of ISK30.8bn of this, or 77% of the total authorisation.This follows an 87% use of the previous combined amounts, totalling ISK40bn, or ISK34.7bn in absolute terms.The figures suggest the allowances are placing little restriction on the pace at which Icelandic pension funds would like to move assets back into foreign markets – on an average level across pension funds, at least.At the end of June, the pension funds’ foreign assets totalled ISK709bn, according to the central bank’s stability report published yesterday, equating to about 21.3% of total assets.This was 0.8 percentage points lower than the end of last year and down by about 2.1 percentage points since the end of June 2015.The Icelandic króna has appreciated strongly against a basket of currencies in 2016.Pension funds in Iceland report that their ideal allocation to foreign assets is between 30% and 50%, but some are prepared to wait up to 10 years before they achieve this level of diversification to minimise the risk of the investment shift.The central bank said in its stability report that, when the capital controls are liberalised, capital outflows can be expected because of an increase in firms’ foreign direct investment and to firms and individuals’ attempts to diversify risk in their asset portfolios. It added: “A wide interest rate differential with abroad and largely favourable conditions in Iceland – together with sizeable foreign currency inflows due to services trade and the associated appreciation of the króna – reduces the risk of large-scale net outflows.”
Stephen Strasburg has earned north of $86 million in cash through 11 seasons with the Nationals. Under the terms of the contract the pitcher recently signed to remain in Washington for at least seven more years, he will earn another $80 million from 2027 to 2029 not for striking out batters, but simply for existing as a human being.Such a contract deferral is part of the reason Strasburg gladly re-signed with the Nationals in December after opting out of his previous Washington contract a month prior. It, of course, helps that Washington is the reigning World Series champion on the strength of its ace pitcher’s World Series MVP effort. MORE: Stars, storylines and stuff to watch in the 2020 MLB seasonWith a seven-year contract worth $245 million, Strasburg was the highest-paid pitcher ever in terms of average annual salary ($35 million) for about a day. The Yankees signed Garrit Cole to a record contract worth $36 million per year right after the Nats re-signed Strasburg, but the 32-year-old Washington pitcher is still in great shape with his deal.Hypothetically, if Strasburg were to play out the rest of his current contract with the Nationals — he has a full no-trade clause — the right-hander’s career earnings would be a few dollars shy of $351 million, and potentially more if he hits incentives. That includes the three years of deferred money he will earn even if he doesn’t touch a baseball after the 2026 season.Below are the details of the contract Strasburg signed with the Nationals shortly after he helped them win the World Series. (All contract figures courtesy of Spotrac.)Stephen Strasburg contractIn typical Nationals fashion, the team deferred $80 million of Strasburg’s $245 million contract in an effort to preserve payroll flexibility in the short term. So while his base salary is $35 million in each of the next seven years, that deferral is reflected in the actual amount of cash he will earn each season.Below is the cash flow in Strasburg’s current contract. (His 2020 figure represents his prorated salary as MLB returns to play on a condensed schedule.)YearBase/payroll salaryAdjusted salary/Yearly cash2020$35 million$8,730,1592021$35 million$23,571,4292022$35 million$23,571,4292023$35 million$23,571,4292024$35 million$23,571,4292025$35 million$23,571,4292026$35 million$23,571,429Because Strasburg’s 2020 salary has been prorated, his total contract value is now $228.95 million.Strasburg also had some deferred money on his previous contract with the Nationals, which was signed in 2016. When he opted out of that deal, he reduced the deferred money to $30 million over the next three years.Including the deferred money in Strasburg’s new contract, below is a year-by-year breakdown of his upcoming deferred contracts with Washington. (The 2029 figure includes $3.9 million of interest payout.) YearDeferred salary2020$10 million2021$10 million2022$10 million2027$26,666,6662028$26,666,6662029$30,666,642Strasburg also has multiple incentives built into his contract. Below is the extra money he can earn if he continues at his elite level of pitching.Cy Young or MVP award: $500,000 ($250,000 for 2nd, $150,000 for 3rd, $100,000 for 4th, $75,000 for 5th)World Series MVP: $250,000All-Star selection: $100,000Gold Glove: $100,000Silver Slugger: $100,000Strasburg, who is managing a 3.17 ERA and a 33.5 WAR in 239 career games (all starts), is coming off a championship year in which he threw a National League-leading 209 innings during the regular season.There’s little reason to believe he won’t be able to make up some of the lost 2020 salary by hitting at least a couple of those incentives.