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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

30Aug/20

Sun Bets signs deal to sponsor Stayers’ Hurdle at Cheltenham

first_img Submit Tim Reynolds, Sun BetsSun Bets has signed a three-year deal to sponsor the Grade One Stayers’ Hurdle at the Cheltenham Festival. The 2017 race will take place on the third day of the festival (March 16), which is also St Patrick’s Day.First run with its current race conditions in 1972, the Sun Bets Stayers’ Hurdle will revert to its original title after being named the World Hurdle since 2004.To celebrate the announcement, Sun Bets will be top price on every runner in the race from 8.00 am on December 20 until midnight.The three-mile hurdling championship event has been won by most of the great staying hurdlers, such as the Paul Nicholls-trained Big Buck’s, who landed a record four consecutive renewals between 2009 and 2012. The Colin Tizzard trained Thistlecrack gained victory in scintillating fashion in 2016.Tim Reynolds, Sun Bets Head of PR, said: “As an Authorised Betting Partner, we are delighted to welcome the opportunity to be associated with the Cheltenham Festival and sponsor a race as prestigious as the Stayers’ Hurdle.“We look forward to a long and successful partnership with Cheltenham, which further cements our commitment to British racing.”Ian Renton, Regional Director, Cheltenham & The South West, The Jockey Club, said: “I am delighted to welcome Sun Bets to Cheltenham.“As one of the two feature races on the third day of The Festival, St Patrick’s Thursday, I am sure that Sun Bets will find sponsorship of the Stayers’ Hurdle hugely rewarding.“The race title reverts to its original handle, the ‘Stayers’ Hurdle’. We look forward to many successful runnings under the Sun Bets’ banner.” StumbleUpon ITV secures three-year British racing broadcast deal August 5, 2020 Related Articles Coral relaunches cinematic campaign for racing’s return June 5, 2020 Share Matt Hancock publicly defends Cheltenham Festival decision April 29, 2020 Sharelast_img read more