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06Oct/20

Miami homeowners the big winners of Gold Coast property boom

first_imgTamara and Johan Johnson in their newly built Miami villa. Photo: Steve HollandHOMEOWNERS in Miami are the big winners of the Gold Coast property boom, enjoying a 65 per cent increase in houses prices since 2012.The latest figures from CoreLogic show the suburb’s median house price has jumped from $455,000 to $752,500 in the past five years.Broadbeach Waters (up 60 per cent), Clear Island Waters (54.5 per cent), Bilinga (52 per cent), Tugun (46 per cent), Southport (42 per cent), Benowa (40 per cent) and Mermaid Waters and Hope Island (both 38 per cent) also experienced significant growth.Corelogic said 56 properties sold in Miami this year — among them a 1950s fibro shack at 58 Marine Pde for $3 million and a glitzy three-level mansion at 114 Marine Pde for $3.025 million.Tamara and Joe Johnson were lured to Miami from Palm Beach and have just completed two luxury villas at Sunshine Pde.“We are still trying to work out why it is such an underrated suburb,” Mrs Johnson said. “It’s flying under the radar when it comes to expensive beachfront property.” We originally lived at Palm Beach because we noticed it was one of those up-and-coming markets. Mermaid Beach was another hot suburb and right next to it was Miami, which was also becoming a bit of a trendy place to live.“We couldn’t work out why it wasn’t overpriced and why there were affordable blocks of beachside land. Seeing a great opportunity, we decided to jump at moving there.”Miami beach lifeREIQ Market Monitor editor Felicity Moore said the Miami price hike came on the back of factors such as the light rail, demand for beachfront property and the flow-on effect from Mermaid Beach.More from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach North6 hours ago02:37International architect Desmond Brooks selling luxury beach villa1 day ago“Proximity to the recently renovated Pacific Fair Shopping Centre, Bond University campus and Mermaid Beach, which is the Gold Coast’s most expensive suburb, make this suburb very attractive for owner-occupiers looking for high quality living,” Ms Moore said.“The future stage of the light rail project is forecast to include an extension to the Coolangatta airport providing direct access to Miami.”John Henderson Professional Mermaid Beach principal Andrew Henderson said the supply of homes available in Miami was limited.The couple love their bright and breezy luxury villa. Miami villa. Photo: Steve Holland“During the March quarter, only 19 homes changed hands in Miami,’’ said Mr Henderson. “Vendors are resisting the temptation to put homes on the market while prices are rising so strongly.“I would suggest this is exactly the time they should consider selling because the demand will not last forever.”Mr Henderson said he was not surprised Miami was city’s best performing suburbs over five years.“Five years ago Miami would have been considered one of the great underrated suburbs of the Gold Coast’’ he said.“It sits on the beachfront in the heart of the city, right beside Mermaid Beach, one of the most prestigious suburbs on the Coast and yet many people overlooked it as a potential suburb to call their home. This perception is has certainly changed.”last_img read more

21Sep/20

Gill to step down

first_img In a statement released on the club’s official website, the 55-year-old said his summer departure would allow United to “refresh themselves with new management and ideas”. It was also confirmed that executive vice chairman Ed Woodward would replace Gill as chief executive. Gill joined United as their finance director in February 1997 and assumed the role of chief executive in September 2003. He is to remain as a club director. Press Association “It has been the greatest privilege to serve Manchester United for 16 wonderful years – the last 10 of which as its chief executive,” Gill said. “I have worked alongside the finest manager in the history of the game and been part of what I consider to be the best club in the best sport in the world. “It has been a very hard decision because I love this club and, as the fans’ banner says, it is, ‘more than a religion’. I’ve experienced some incredible highs, such as the Treble in 1999 and the League and Champions League double in 2008, and lows, like losing the title with the last kick of the season last year. But that is what makes this club and this sport so compelling. “However, I have always been conscious of the fact that, as a member of staff, I was always just a temporary custodian of this marvellous institution. I am also of the view that all businesses need to refresh themselves with new management and ideas and after 10 years in charge I believe it is appropriate for someone new to pick up the baton.” Gill has enjoyed a fruitful working relationship with manager Sir Alex Ferguson and last year sanctioned the naming of a stand after him. The Scot paid tribute to the outgoing Gill, who remains as the vice chairman of the Football Association and a nominee for the UEFA Executive Committee. He admitted he had tried to persuade Gill to change his mind, saying: “I have been at United for over 26 years and for 23 of those years my boss has been one of only two men: Martin Edwards, who brought me to the club, and David Gill. I have enjoyed working with both. “David has been a magnificent chief executive. Of course, we have had a million arguments, but I have always enjoyed them because I know that David has two great qualities: he is straight and he always puts Manchester United first. No disagreement is ever personal with him. He always wants the best for United, whether it’s the players, the training ground or the staff. “Him stepping down is a big loss to me but the fact that he is staying on the board encourages me that the reason for his departure is heartfelt, that he believes it is time for the club to move on. If I could have found a way of persuading him to stay I would love to have done that. But he has made his decision and I respect him for it.” center_img David Gill has announced he is to stand down as Manchester United’s chief executive on June 30.last_img read more

19Sep/20

Update on the latest in sports:

first_img— The Pittsburgh Steelers are holding onto Bud Dupree. The team placed the franchise tag on the outside linebacker Dupree could make around $16 million in 2020 if he signs the tag. That number would likely change if he reaches an agreement with the Steelers on a long-term deal by July 15. Dupree collected a career-high 11 1/2 sacks in 2019.— Longtime Pittsburgh Steelers offensive lineman Ramon Foster is retiring. The 11-year veteran made the announcement on Instagram.— The Atlanta Falcons will dramatically boost their financial flexibility by releasing three high-priced veterans — running back Devonta Freeman, cornerback Desmond Trufant and offensive tackle Ty Sambrailo.— A person with knowledge of the decision says the Minnesota Vikings have placed the franchise tag on safety Anthony Harris.— Ben Watson is hanging up his cleats for the second time. The 39-year-old tight end announced his retirement in a message on Twitter on Monday, marking the end of a 15-year NFL career that included two stints in New England, as well as stops in Cleveland, New Orleans and Baltimore.,Tampa Bay Lightning advance to face Dallas Stars in Stanley Cup finals, beating New York Islanders 2-1 in OT in Game 6 March 16, 2020 Baseball Commissioner Rob Manfred made the announcement following a conference call with executives of the 30 teams.In a statement, the commissioner’s office said, “The clubs remain committed to playing as many games as possible when the season begins.”VIRUS OUTBREAK-NHLPlayers can return home, self-isolateUNDATED (AP) — NHL players have been told they can return home and self-isolate there until the end of March while hockey is on hold amid the coronavirus pandemic. Cousins was entering the final season of the fully guaranteed, three-year, $84 million contract he signed as a free agent in 2018. He was scheduled to carry a $31 million charge to Minnesota’s salary cap in 2020.NFL-FREE AGENCYFlurry of trades, tags from NFL teamsUNDATED (AP) — The San Francisco 49ers have traded star defensive tackle DeForest Buckner to the Indianapolis Colts for the No. 13 pick in this year’s draft. A person familiar with the deal said Buckner will receive a new contract worth $21 million a year from the Colts. The trade of Buckner came almost immediately after the 49ers announced a deal to keep defensive lineman Arik Armstead with a five-year contract worth up to $85 million before he hit the open market.In other NFL developments: — A second team has withdrawn from the Kontinental Hockey League playoffs because of the coronavirus outbreak. The KHL is widely considered to be the strongest hockey league outside the NHL and is one of the few major sports organizations still operating in Europe. There are now six teams remaining in an eight-club conference semifinal bracket. Finnish club Jokerit withdrew Saturday citing concern for the health of its players and staff. Now Barys Astana says it is withdrawing after authorities in Kazakhstan banned sports events and restricted entry to the country.— McLaren says the team member who tested positive for coronavirus at the Australian Grand Prix “is recovering well” and that his “symptoms have gone.” The British team pulled out of the season-opening Formula One race on Thursday because of the positive test. The race was canceled on Friday. With the first four races postponed, the F1 season will not resume until May at the earliest.NFL-VIKINGS-COUSINSVikings reach extension deal with CousinsMINNEAPOLIS (AP) — The Minnesota Vikings and quarterback Kirk Cousins have agreed to a two-year contract extension. Cousins’ agent Mike McCartney made the announcement on his verified Twitter account. Terms were not immediately available. This signals a significant update on the league’s potential timeline to resume the season. Commissioner Gary Bettman announced last week the season was on pause and did not provide more specifics. Players had previously been told to remain in their team’s city and await further direction.The new directive comes in the aftermath of the CDC’s recommendation the U.S. not hold gatherings of 50 or more people for the next eight weeks.VIRUS OUTBREAK-NFL DRAFTNo public events for NFL draftNEW YORK (AP) — The NFL will proceed with its draft but without public events next month in Las Vegas. It’s not yet clear, however, if the draft itself will be held in the city.  Commissioner Roger Goodell said Monday the draft will take place April 23-25 as scheduled but under a modified format still being developed.The draft will be televised regardless of its venue or format. SPORTS-VIRUS OUTBREAKSpeedway officials take wait-and-see approachUNDATED — Indianapolis Motor Speedway officials say they are holding off on postponing the month of May activities that conclude with the Indianapolis 500 on Memorial Day weekend. Share This StoryFacebookTwitteremailPrintLinkedinRedditVIRUS OUTBREAK-MLBBaseball season won’t start until mid-May, at the earliestNEW YORK (AP) — Major League Baseball has pushed back opening day until mid-May at the earliest because of the new coronavirus after the federal government recommended restricting events of more than 50 people for the next eight weeks. — The Arizona Cardinals have added one of the NFL’s top receivers to join an intriguing young team aiming to make a big move in the NFC West. The Cardinals acquired three-time All-Pro receiver DeAndre Hopkins in a trade that will send running back David Johnson and draft picks to the Houston Texans. That’s according to a person familiar with the situation.— The Dallas Cowboys have placed their exclusive franchise tag on Dak Prescott. They’re securing the rights to their star quarterback for an estimated $31.5 million while the sides continue working on a long-term deal.— The Cowboys are moving forward with their plan to replace record-setting tight end Jason Witten. The Cowboys have re-signed Blake Jarwin, giving their fourth-year player a $24 million, three-year contract with $9 million guaranteed.— A person familiar with the negotiations says defensive end Shaq Lawson has agreed to a $30 million, three-year contract with the Miami Dolphins.— According to a person familiar with the deal, free agent linebacker Nick Kwiatkoski has agreed to a contract with the Las Vegas Raiders. Kwiatkoski can’t officially sign the deal until the new league year starts on Wednesday. — The Bengals used their franchise tag on A.J. Green. That gives them time to try to work out a long-term deal with the star who is one of the most accomplished receivers in franchise history and would be a vital part of breaking in a new quarterback.— The Kansas City Chiefs have placed the nonexclusive franchise tag on Chris Jones, raising the possibility that the Pro Bowl defensive tackle will remain with the Super Bowl champions for at least one more season.— The Tampa Bay Buccaneers have placed their franchise tag on linebacker Shaquil Barrett, who led the NFL in sacks last season.— The Patriots have placed a franchise tag on left guard Joe Thuney.— The New York Giants have placed a non-exclusive franchise tag on defensive tackle Leonard Williams. The Indy 500 draws crowds in excess of 300,000.In a statement Monday morning, the speedway said, “We are aware of the CDC’s interim guidance suggesting the postponement of events involving more than 50 people over the next eight weeks.”The speedway says it wants to do its part in protecting public health while also allowing the race to proceed as scheduled. The statement adds, “This continues to be a dynamic situation which we are monitoring constantly in coordination with federal, state, local and public health officials.”In other sports developments related to the coronavirus:— The women’s professional tennis tour has suspended all competition until May 2 because of the coronavirus outbreak. The WTA says it is calling off clay-court tournaments in Stuttgart, Istanbul and Prague, adding those to a list of events previously canceled. Each of those three tournaments was scheduled to begin in April. The tour says a decision will be made “in the week ahead” about the rest of the European clay-court circuit. The next Grand Slam tournament is the French Open, which is scheduled to begin in Paris on May 24. — Offensive lineman Ereck Flowers has agreed to terms on a $30 million, three-year contract with the Miami Dolphins. The deal was confirmed by Flowers’ agent, who said $19.95 million is guaranteed.— The Buffalo Bills have announced re-signing offensive lineman Quinton Spain to a three-year contract.— The Indianapolis Colts have released defensive tackle Margus Hunt and will re-sign receiver Daurice Fountain.— The Tennessee Titans have tagged Derrick Henry as their franchise player, making sure they keep the NFL rushing leader around for at least this season.— The Arizona Cardinals have placed the transition tag on running back Kenyan Drake, which allows the team to match any offer he receives from another team during free agency. — The leader of the IOC’s coordination commission for the Tokyo Olympics says there is no May deadline to cancel the games and he remains confident the event will go ahead despite sports coming to a virtual standstill globally amid the coronavirus outbreak. John Coates told the Sydney Morning Herald newspaper: “It’s all proceeding to start on the 24th of July.” Former IOC vice president Dick Pound said in an interview with The Associated Press last month that the end of May loomed as a possible deadline for the IOC to make a call on the Tokyo Olympics.— The Penn Relays, one of the oldest and largest track meets in the nation, has been canceled in response to the coronavirus pandemic. The Penn Relays were scheduled for April 23-25 and had been held uninterrupted since 1895. The event celebrated its 125th consecutive running last year. The Philadelphia-based University of Pennsylvania says it will attempt to host a substitute track meet at a later date in late May or early June.— Keeneland race track in Kentucky has canceled its spring meet because of COVID-19. The meet was scheduled for April 2-24, with the $1 million Blue Grass Stakes awarding 170 points toward the Kentucky Derby, the highlight of the opening weekend.— The third regional Olympic boxing qualification tournament has been suspended after three days of competition. The 11-day London event was suspended Monday night after a day of fan-free competition. The IOC Boxing Task Force also suspended the remaining two Olympic qualification tournaments, scheduled for Buenos Aires later this month and for Paris in May.— The Greek Olympic committee says the Olympic flame handover ceremony for the Tokyo Games will take place without spectators in an effort to contain the coronavirus outbreak. The committee canceled the remainder of the Olympic torch relay last week after crowds gathered in southern Greece to watch part of the torch relay in Sparta, where the torch was carried by actor Gerard Butler. Update on the latest in sports: Associated Press last_img read more