33 Hampton Court Paradise Point.“It is an enormous effort for people who want to build their own luxury homes, because they have to find the location, the right builder and spend 18 months building the home.“More people are happy to buy an existing property and we are seeing locals picking up these luxury homes because they know the area well and still class it as affordable in comparison to Sydney or Melbourne.“The locals know that now is a good time as any to get their hands on their dream Gold Coast home, especially with Sydney markets cooling off.” 41 The Promenade, Surfers Paradise. Photo: suppliedGOLD Coasters have overtaken foreign investors in the city’s elite property market, shelling out $100m on waterfront mansions in the past few weeks.And the reason? Locals are upgrading their homes for mansions.In January, the Bulletin reported a Chinese crusade at the top end of the market, with five $10 million-plus homes snapped up in 10 months.Ray White Surfers Paradise Group chief executive Andrew Bell said more than 300 properties were bought by Chinese buyers on the Gold Coast in 2016. 33 Hampton Court Paradise Point.Mr Mian said he recently negotiated the sale of 19 Queen Anne Court, for $6.5 million, 3 Queen Anne Court ($2.4 million), 33 Hampton Crt (just under $5 million). Another eight mansions were under contract. “It is the busiest I have seen it in a long time and in last few weeks alone over $50 million in sales has been negotiated on the Sovereign Islands. “Land is really expensive now and as a result houses have gone up in price on the Island. 16-18 Lamb St, Broadbeach WatersMore from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach North8 hours ago02:37International architect Desmond Brooks selling luxury beach villa1 day ago“It is generally the top end market that is picking up but we are getting more and more buyers who are predominantly from the Gold Coast and want to upgrade their home,” he said. “Our luxury waterfront buyers are predominantly 90 per cent Gold Coast locals and have been on the Gold Coast for much of their lives.”Mr Kollosche said waterfront included riverfront, canal and beachfront and described luxury waterfront as an in-demand property trend.REIQ Gold Coast Zone chair John Newlands said luxury property was a niche market, but one that was growing exponentially. “It was very are to see a house on the market for $5 million a few years ago but now multi-million price tags are common and we see them almost weekly,” Mr Newlands said. 19-21 Queen Anne Court, Sovereign Islands. 123 ALBATROSS AVE, MERMAID BEACH — $5.5 MILLION 75-77 Monaco Street, Broadbeach Waters. 16-18 LAMB ST, BROADBEACH WATERS- $3.8 MILLION 19 Queen Anne Ct, Sovereign Islands. Coasters behind $100m upgrade to waterfront homes 75-77 MONACO ST, BROADBEACH WATERS — $9 MILLION 16-18 Lamb St, Broadbeach Waters. 41 THE PROMENADE, SURFERS PARADISE — $6.95 MILLION 19-21 Queen Anne Court, Sovereign Islands.“Quite a few sales are because people are moving from up from southern parts of the Gold Coast and there have been a handful of Sydney buyers.”Kollosche Prestige Agents principal, Michael Kollosche said he had negotiated more than $60 million in sales in seven weeks.“There is a strong inquiry for larger riverfront and beachfront blocks. I’m finding a lot of buyers searching for their next home in the $3 million to the $7 million bracket.“Mermaid Beach is very tightly held as is much of the Gold Coast beachfront, but areas like Carrara and especially around Monaco St and Sorrento are attracting buyers who want high-end homes and to have a large lifestyle. 33 Hampton Court, Paradise Point 19 QUEEN ANNE CRT, SOVEREIGN ISLANDS — $6.5 MILLION 41 The Promenade, Surfers Paradise. 33 HAMPTON CRT, SOVEREIGN ISLANDS — $4.9 MILLION 33 Hampton Court Paradise Point.But that has changed since March, with mega sales including the $3.8 million paid for a five bedroom-home at 16-18 Lamb St, Broadbeach Waters; $9 million for 75-77 Monaco St, Broadbeach Waters; $6.95 million for 41 The Promenade, Surfers Paradise; and $5.5 million for 123 Albatross Ave, Mermaid Beach. Prestige Property Agents principal Amir Mian said there had been a spike in the number of sales on the Sovereign Islands in the past few weeks.
For all the Latest Sports News News, ICC World Cup News, Download News Nation Android and iOS Mobile Apps. Chennai: World Cup-winning captain Kapil Dev on Friday said the India are a far better side than Pakistan and he doesn’t see Virat Kohli’s team losing to the arch-rivals in their World Cup clash on Sunday. “The India-Pakistan match I have to keep my fingers crossed about it… I hope the players don’t keep their fingers crossed… (laughs).. Just keep on playing. Looking at both the teams the Indian team is definitely far better. I am not saying because I am Indian,” said Kapil here. “But I feel when I was playing the Pakistan team was much better than us. Today I can say that if they play 10 matches, India will win 7. India are far better than Pakistan… What happens that day God knows.” On the rise of Indian fast bowling over the years, Kapil said if an Indian (Jasprit Bumrah) is the number one fast bowler in the world, it shows that “we have come a long, long way”.”When you don’t have something and you get it, you feel proud about that. That is what has happened to the Indian team in the last 15 years, bowlers started coming up. Often all cricketers say bowlers win matches.” The pace legend from Haryana hailed Bumrah.”When I saw him (Bumrah) first time I thought that he will not have such ability. I changed my word and I say God, he is really fantastic. From such a short run-up he can produce from such an awkward run-up so much pace. I just want him to be fit for the next five years.”Asked to compare his captaincy with that of the current skipper Virat Kohli, he said: “Virat Kohli… He is too good. I don’t thnk I can compare myself with him. He is really good. He is the no.1 player in the world.” Queried if he felt the catch of Viv Richards in the 1983 World Cup final against the West Indies was the best he had taken, he said: “I don’t think so. I can say important catch, not the best. It was very important according to the situation. The impprtant catch was that of Clive Lloyd the next wicket because we started believing that we could win after that dismissal,” Dev said. Kapil also backed former captain Mahendra Singh Dhoni following the controversy over his gloves which had an Army insignia embossed on them. The ICC turned down BCCI’s request to let Dhoni wear the same gloves, saying it was against its regulations. “It is not a controversy and he showed a feeling within him to put a logo there and we have to go with the system. I don’t think he realised that it is going to be such a big thing…. you have to go through the system or the law.”I respect Dhoni and he showed passion and love for his country and Army people and that is nothing wrong.”