Paul Castran » Archive of 'Jul, 2009'

Paul Castran - My brothers lucky escape in NZ

My brother John has had a lucky escape after being buried under over 1m of snow in an avalanche in New Zealand over the weekend. John is ok, although he has a black eye to show for it.

Here is an extract from the Herald Sun Story:

AT FIRST the Melbourne multi-millionaire John Castran thought he had escaped the avalanche unscathed, unaware that metres away his Sydney skiing companion was dead.

Buried under more than 1.8 metres of snow on a New Zealand mountain range, Mr Castran, 53, could still move his arms and legs. But then the snow shifted and he was crushed.

Pinned beneath the overwhelming weight of what moments earlier had been featherweight powder snow, Mr Castran realised he did not have enough oxygen to yell for help.

The real estate agent survived the avalanche at Ragged Range, near Methven, west of Christchurch, yesterday, but a NSW businessman, 61, whose name has not been made public, was killed.

As Mr Castran ran out of air, he too thought he would perish under the ice. "You choke with the snow, you can’t breathe, you’re suffocating … it’s like being poured into plaster of Paris. The only thing I could move was my tongue, to push the snow away from in front of my mouth.

Here is a link to the full story: http://www.smh.com.au/world/avalanche-victim-shut-himself-down-to-survive-20090724-dw62.html

What GFC?

Sometimes its hard to believe that we’re in the middle of a Global Financial Crisis, especially when you read articles like the one in the Herald Sun, here is an extract (http://www.news.com.au/heraldsun/story/0,21985,25703449-5013926,00.html):

HOME hunters locked in bidding frenzies are pushing the prices of some properties through the roof.

Four bidders went hammer and tongs for a house in King St, Richmond, at the weekend, pushing the sale to almost $100,000 above its asking price of $620,000.

Eventually it went for $718,000. The price for the imitation Edwardian was touted in the $550,000-plus range during the campaign.

Even more spectacular results were achieved across the suburbs with even bigger margins.

Staggering results and a record price for the suburb saw do-or-die bidders vying for a parcel of land in Brunswick, which sent it almost $1 million over its reserve.

Quoted at $1.6 million, the block sold on Saturday for $2.58 million. Edwardian "Illoura" in Kew, advertised in the $750,000 plus range, changed hands for $915,000.

The weekend clearance rate of 86 per cent kept the overall clearance figures above 80 per cent for the seventh week in a row.

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