A family fun day has been planned around the House for Life auction of 19 Laurel Drive, Helensvale with up to 800 people expected from 10am with the auction kicking off at noon. Construction workers who volunteered to build the double storey Plantation Home on land donated by Villawood Properties. Pictured are Trades and Suppliers Oliver Brett, Taylor Clarke, Brad Box, Steve Comley and Aaron Weston. Picture: Glenn Hampson.And in a charity auction first, the four-bedroom, four-bathroom house at 19 Laurel Drive, Helensvale, will be open to interstate buyers.“At the last charity house, they had no preregistered bidders and then a buyer turned up on the day and bought it (for $692,500 in 2017),” Mr Clarke said.“This one is their biggest house yet, and has had the most interest.” FOLLOW DEBRA BELA ON TWITTER The House for Life Plantation home at 19 Laurel Drive, Helensvale that will be auctioned for charity on Sunday.CELEBRITY auctioneer Damien Cooley is flying to Queensland this weekend to lead the charity auction of the year.Hundreds of thousands of dollars will be donated to Mater Little Miracles on Sunday when all proceeds from the auction of this Helensvale Plantation Home are given to the charity. Prepare now for fires, storms The alfresco, sun deck and resort swimming pool at 19 Laurel Drive, Helensvale.The auction already has seven pre-registered bidders with more expected on the day.All money raised will go to supporting the 250 researchers who are looking for better treatments for the 2000 sick and premature babies being cared for by Mater Mothers’ Hospitals around the clock. MORE REAL ESTATE STORIES Sydney auctioneer Damien Cooley is donating his time to auction the Helensvale property. Picture: David Swift.“I’ve been really honoured to be part of this event,” LJ Hooker agent Brad Clarke said. “It’s for a fantastic charity and going to sick kids.”Response to the no reserve auction campaign has been huge with 250 groups going through the house in six weeks.More from newsParks and wildlife the new lust-haves post coronavirus11 hours agoNoosa’s best beachfront penthouse is about to hit the market11 hours agoAn ensuite for each bedroom is a popular feature at 19 Laurel Drive, Helensvale.“Generally we’d get 20-30 through a sales auction campaign,” he said.The House for Life charity auction is a partnership between the Mater Foundation and Plantation Homes that began 10 years ago and has raised over $3 million with six houses auctioned so far.Everyone involved in the build, promotion and sale of the homes donate their time and materials, including land partner Villawood Properties. Why the trend towards ‘spools’ is heating up
Offshore Energy Today StaffSpotted a typo? Have something more to add to the story? Maybe a nice photo? Contact our editorial team via email.Also, if you’re interested in showcasing your company, product, or technology on Offshore Energy Today, please contact us via our advertising form, where you can also see our media kit. Oversupply of offshore vessels in the market is overstated, and the market is tightening, Australian OSV player MMA said Thursday. The company also expects an increase in demand for its services in its key regions of operations.Illustration: MMA Pinnacle; Source: MMA OffshoreIn a statement prepared for its AGM of shareholders, MMA said its returns on assets, while significantly below the company’s historical average, are gradually improving. The company is seeing higher utilization and increasing charter rates, particularly in the multi-purpose and platform supply vessel segments.In its FY 2019 highlights, the company reported a 50 percent increase in EBITDA which was $27.8 million, and 72% vessel utilization (up from 68% pct last year), with higher weighting to larger vessels.“These trends support our view that the offshore vessel market is in the early stages of a recovery,“ MMA said.“On the supply side, our view is that the market is tightening and that the oversupply of vessels is overstated, with many vessels which have been laid up during the downturn facing prohibitive reactivation costs and lower demand due to their age and condition. Industry experts predict that a large portion of the laid-up fleet will not return to service,” MMA said.According to MMA, which owns 30+ offshore support vessels, the company is seeing signs of the market improving with increased tendering activity and longer contract durations, fewer available vessels, and improved rates in some regions and vessel segments.“At a macro level, the fundamentals for a continued recovery remain positive. We are seeing a significant number of oil and gas projects being sanctioned globally, with this trend expected to continue. Importantly, a large number of projects are scheduled for development in our key regions of operation, which will translate into increased demand for offshore services and vessels in our markets,” MMA said.MMA Offshore’s Key Regions / Source: MMA OffshoreAlso, the company has been working to grow return on assets, with its growth strategy based on expansion higher-margin services offering such as specialized offshore services, Subsea, and Project Logistics. For this reason, MMA has recently acquired Neptune Marine Services.Related: MMA cheers Neptune takeover as key step in subsea expansion strategy“The recent acquisition of the business of Neptune Marine Services, which completed earlier this month, is a key platform in our strategy to expand our subsea business. The acquisition will enable us to package a range of subsea services on the back of our vessels, enabling us to capture additional margin as we move up the value chain,” MMA said.According to MMA, the acquisition is expected to deliver a number of strategic benefits including an improved service offering to both Neptune’s and MMA’s clients, increased asset utilization, increased return on assets as well as revenue and cost synergies associated with combining the two businesses.“With the acquisition undertaken at a low point in the cycle, we expect the combined business to benefit from increased offshore and subsea investment as the market continues to improve. With the acquisition now complete, our focus is on integrating the two businesses to ensure that we gain the maximum benefit from the acquisition,” MMA said.In related MMA Offshore news, the company last Friday said it had been awarded three contracts for its vessels, with the total revenue across the contracts estimated at $38 million for the firm contract periods only. Read more on that MMA Offshore’s new contracts here.