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New suburb steps up to the million-dollar club

first_img RELATED: Top 20 Gold Coast streets revealed 23 Sunshine Boulevard, Broadbeach Waters sold for $2.2 million in April.Bundall held its position in the top 10 with a median sale price of $1.035m.Honorary membership goes to Main Beach where the median sale price was $1.675m, based on just 10 sales, while the southern hotspot of Bilinga recorded a median of $1.25 million based on 11 sales only.The latest marketing trends from realestate.com.au show Gold Coast real estate has held its own over the past three months, with house prices rising by 1.6 per cent and units by 2.4 per cent. Nerida Conisbee, realestate.com.au’s chief economist, said the premium property market has been one of the most stable property market during the COVID-19 pandemic.“The property market is currently being supported by high levels of stimulus, a stable banking system, mortgage payment freezes and relative confidence among buyers,” she said.“As a result, pricing has remained stable, despite being in a recession.” 41 Teemangum St, Currumbin goes to auction on August 22.The Kollosche agent set a suburb record in March with the $6.5m sale of 14 Darwalla Ave, Currumbin.There were 17 houses sold for $1 million-plus in the suburb since July 2019. Currumbin is one of 10 Gold Coast suburbs to break the $1 million threshold in fiscal 2020.Surfers Paradise, which includes the elite enclaves of Paradise Waters, Isle of Capri and Chevron Island, retains the million-dollar crown, recording a median price of $1.73125m across 80 sales. Is this mega mansion in the wrong suburb? Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 2:31Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -2:31 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels540p540p360p360p270p270pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenIs it a good time to list?02:31The Gold Coast’s million-dollar club has a new member with the laid-back southern suburb of Currumbin stepping up to the premium property podium.Latest data from realestate.com.au shows key sales in the past 12 months propelled house prices in Currumbin to a median of $1.054259 million.Over the past year, house prices in Currumbin rose by 25.4 per cent and a whopping 40.6 per cent in three years.Southern Gold Coast real estate specialist Troy Dowker said a limited supply of low density housing made Currumbin real estate a niche commodity. “With the rapid development of neighbouring suburbs, Currumbin’s low rise living environment and village ambience is appealing,” he said. “You’ve also got surf, trees, beach and the estuary, so there’s a lot of natural beauty in the area.” Broadbeach Waters new build with star appeal 113 Commodore Drive, Paradise Waters sold for $5.5 million in June.Mermaid Beach, renowned for its so-called Millionaire’s Row, recorded the Gold Coast’s second highest median house price of $1.6m.Tallebudgera Valley was the only hinterland suburb to make the cut, with a median house sale price of $1.2135m, ahead of Clear Island Waters ($1.238m) and Broadbeach Waters ($1.1825m).More from news02:37International architect Desmond Brooks selling luxury beach villa7 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag1 day agoUp the northern end of town, Runaway Bay and Paradise Point retained million-membership each with a median sale price of $1.05m.last_img read more


BGC backs Treasury measures to protect UK business

first_imgShare UK gambling adopts toughest online advertising code to protect underage audiences August 27, 2020 BGC lauds success of whistle to whistle ban August 21, 2020 UK gambling trade body, the Betting and Gaming Council (BGC), has welcomed Chancellor Rishi Sunak’s economic package, which provides struggling businesses with access to a £330 billion government-backed fund providing loans to overcome COVID-19 disruptions. Yesterday afternoon, Sunak pledged that the UK Treasury would ‘do whatever it takes’, providing a total of £350 billion in economic support to help UK businesses of all sizes. The Chancellor’s headline proposals included: Providing SMEs with expanded access to £5 million in business loansDeveloping a Bank of England-insured credit facility made available to large-scale enterprisesGuaranteeing all insurance claims related to leisure, entertainment and hospitality businessesRemoving all ‘rateable value’ (location-based) costs for UK leisure and retail businesses, set to a £51,000 capProviding small ‘uninsured businesses’ with a £25,000 emergency cash grant bridging any cash flow impactsThe BGC was among several UK trade bodies urging the government to form an action-plan to protect UK retail, hospitality and leisure businesses.However, despite loan support, the BGC detailed disappointment that the Treasury failed to sanction measures to help SMEs counter day-to-day employment costs, including a suspension of Pay As You Earn (PAYE) and National Insurance Contributions (NIC) liabilities.Issuing a response this afternoon, the BGC detailed: “We welcome the Chancellor’s package of support for businesses in the leisure and hospitality industry which helps address some of our concerns, but we will study the details and will be seeking urgent clarity on the measures. “We are however disappointed that there is no direct support for employment costs and remain concerned about the devastating impact on our members and their colleagues. We will continue to work with DCMS and HMT to ensure the financial viability of our members.” Share Related Articles ASA monitoring sweep marks gambling as the worst underage advertising offender August 26, 2020 StumbleUpon Submitlast_img read more