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New beachside suburb in the running to become the Gold Coast’s most expensive

first_img [email protected] MORE NEWS: New home hot spots revealed REIQ Gold Coast zone chairman Andrew Henderson.He said the suburb’s proximity to the Gold Coast Airport and popular surf breaks made it particularly appealing.The median house prices are based on 66 sales in Mermaid Beach over the past year and 16 in Bilinga, which suggested a few million-dollar sales were skewing the figures.Mr Henderson believed that once the data to the start of April was revealed, it would paint a different picture as there had been a number of million-dollar sales at Mermaid Beach during that period.Ray White Mermaid Beach agent Troy Dowker, who has sold several multimillion-dollar properties at Bilinga over the past year, backed Mr Henderson’s comments.He said when Bilinga’s prestige market dried up, the median would drop back.DJ Stringer Property Services principal David Stringer said houses in the area were already highly sought-after while five to seven-storey height limits meant new boutique beachfront developments were also on offer. Bilinga’s median house price is catching up to Mermaid Beach’s following several multimillion-dollar sales in the past year.Mermaid Beach’s median soared to $1.5 million last year, which marked a record for the Gold Coast, but it has since gradually declined to $1.385 million while Bilinga’s has rocketed to $1.3 million.REIQ Gold Coast zone chairman Andrew Henderson (pictured) believed Mermaid Beach would always reign supreme but said there was merit in Bilinga’s increased popularity.“It’s obviously heating up the competition between the two but whether it will pass (Mermaid Beach), I can’t see that happening,” he said.“But as new houses get built and more people appeal to the area … I think that (Bilinga) could be held in high esteem.More from news02:37International architect Desmond Brooks selling luxury beach villa11 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days ago“Bilinga for a long time was probably under valued.” MORE NEWS: Imagine owning a castlecenter_img Another Gold Coast suburb is in the running to take Mermaid Beach’s title as the city’s most expensive.MERMAID Beach has long held the title as the Gold Coast’s most expensive suburb, but a new contender is hot on its heels.Bilinga joined the Coast’s million-dollar club in November and has been close to surpassing Mermaid Beach’s median house price for months.CoreLogic data to December showed there was only a $50,000 difference between the two, which stretched to $85,000 in January. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:58Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:58 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD576p576p360p360p216p216pAutoA, 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 Rate1xFullscreenWhy location is everything in real estate01:59last_img read more

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Sports Sponsorship: What Nigerian Brands can Learn from South African Brands……

first_imgS outh Africa is arguably the most modern country in Africa and it stands out on the continent when it comes to private sector investments in sports. Their approach is one that the rest of Africa, and especially Nigeria, must emulate. The North Africans also invest heavily in sports relative to their poorer cousins south of the Sahara, and again maybe there is a correlation between this and the level of progress in the regions.Sport is big business in the more dynamic societies. A recent PwC report estimated that in 2015 global sports sponsorship reached $45b – out of which Africa contributed less than $2b – with South Africa shelling out the lion share. A different report by Repucom estimates that global sponsorship could reach $62m by 2017. South African companies would again play a leading role in Africa after investing about 9m rands (N243b) in sponsoring sports in 2016. Nigerian companies must realise that when they invest in local sports they do themselves a world of good. Sponsoring domestic sports must be seen as a business imperative; a means of survival, and not merely corporate social responsibility. In the most progressive countries both the public and private sectors invest heavily in sports because of their unique power to engage populations: create jobs, inspire achievement, engender camaraderie and unity, ingrain a culture of healthy living, reduce crime, and arouse national pride on the international stage. Rather than invest in building our domestic sports, big Nigerian brands pump billions into foreign sports. Our utter devotion to the English Premier League tells the story best. Every year Nigerians burn about N50b in TV rights and subscriptions, tourism, merchandising, etc, to feed this EPL fetish. Business leaders, who should have sleepless nights over the resulting shrinking of disposable income and how it negatively impacts their own bottom-lines, are the ones at the forefront of the EPL craze. Top political leaders, who should be mindful of creating jobs for their electorate locally, fly themselves to England in private planes to watch football games.One big Nigerian company is however playing a different game. The Aiteo group’s recent N2.5b sponsorship of the Nigerian Federation (FA) Cup is an exception. Most big Nigerian brands act too sexy for things “local”, while some point to the corruption and incompetence in the industry as a major turn off. While no one can argue that domestic sports need more professional and transparent management, weakening the local economy by sponsoring Arsenal, Manchester United or Chelsea instead of Rangers, Enyimba or Plateau United would neither make our society richer nor better.Just months ago, few knew about the existence of Aiteo, but today they have great visibility, talkability and goodwill. More than anything else however, they have put many Nigerians to work by this act. The Aiteo Cup (FA Cup) is being played smoothly and getting great coverage, while the company has very sensibly demanded that standards be raised, which is as it should be. Put you money down first, then demand better standards.Even if one advocates that the top 20 companies in Nigeria invest one or two billion naira each in our sports annually that would still leave us quite some distance behind the South Africans. Big businesses like Dangote Group, Globacom, MTN, Airtel, First Bank, UBA, Ecobank, GT Bank, Zenith Bank, Union Bank, Shell, Mobil, Chevron, Forte Oil, Oando, Chi Group, Nestle, NB Plc, Shoprite, DSTV, Startimes, Julius Berger, should be able to put down a couple of billions every year, while public behemoths like NNPC, NIMASA and NPA can be tasked with putting in N5b and more.This is more a business strategy for self-preservation than an appeal for corporate social responsibility. It would ensure a much wealthier society, and ultimately, increased business for these companies and brands. The guys in South Africa cannot be stupid, these guys know their investment in sports opens up opportunities in almost every sector from sports to tourism, construction, medicine, retailing, road and air travels, media, agriculture, food and beverages; the list goes on.I am personally involved in a great sports initiative called the Nigerian Tennis Majors that we believe can transform the domestic sports industry. Our plan is to organize four high-stakes tennis opens in four cities across Nigeria every year. With a few hundred million we can have regular top class tournaments that will create a new generation of deserving local heroes who can then go and take on the world. This would also open up business opportunities in several industries, especially in the host cities. With our youth population exploding almost unchecked, initiatives like this are imperative to keep our young on the straight and narrow. Throwing money at the EPL won’t do that.They understand this logic in South Africa better than we do in Nigeria. The SA Rugby body, for instance, has over 20 big local sponsors. Here are some: FNB bank, Southern Palace Group of Companies, MTN, Supersport, Asics, Steinhoff, OutSurance, Castle Lager, Land Rover, Tsogo Sun, Energade, Nashua, Coca Cola, Vodacom, Direct Axis, Powerade, BSN Medical, Fly Safair, Springboks Atlas, Virgin Active, Bidvest Car Rental, RAM, Rhino, Gilbert.Their football league (The PSL) has its own fair share of big local backers like banking giants ABSA, who have signed a new deal this year to continue their ten-year long sponsorship for another five years. All over the world, banks play a leading role in sports sponsorship and our banks must wake up to this for their own good. Other PSL sponsors include Nedbank, MTN, Telkom, Multichoice, Carling Black Label of SAB Miller and hospitality giants Tsogo Sun.By far the most popular sport in Nigeria is football, yet only one big local sponsor – Star lager – is behind the football league. Other sports are virtually comatose because our big brands would rather throw money at foreign sports. That only puts people to work overseas, not in Nigeria where unemployment figures are staggering. We need to learn from the South Africans. We will be richer and more progressive for it.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

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Clippers new kings of the mountain in L.A. sports landscape

first_imgMeanwhile, the new Clippers coach is exceptionally ready to box out the Lakers on center stage to create more room for his club.These might seem small illustrations of the changing times on the Los Angeles hoops scene, but they represent significant landmarks in the evolution of the Lakers and Clippers.When has Kobe Bryant not been ready?And when have the Clippers ever been so secure in their own skin they’d rather attention be directed at them than the Lakers?The answer is right now.And from that jumping-off point, the Lakers and Clippers fade into two very different opening scenes this week.For the Lakers it’s about uncertainty and insecurity, the state of Bryant’s Achilles one of many questions facing a team for which the draft lottery isn’t out of the question. A coaching change wouldn’t be a shock as the end of an era looms ominously close.Can Mike D’Antoni survive this transition period or at least get his players to buy into his scheme deeply enough to give it a chance to succeed?Is Pau Gasol assured any life with the Lakers beyond this season, and will his partnership with new big man Chris Kaman create the sort of chemistry that eluded him with Dwight Howard last season?Can the late-model BMW that is Steve Nash steer clear of the garage long enough to impact D’Antoni’s offense?Are the young legs and shooting abilities of Nick Young, Wesley Johnson, Jordan Farmar and Xavier Henry sufficient enough to push the up-tempo style of play?And finally, while there is confidence Bryant is closing in on a return date from the Achilles’ tendon injury he suffered last April, what level of Bryant will the Lakers welcome back?Close to the same player who nearly single-handedly lifted them into the playoffs last year, or a significantly diminished one?Taken individually, there are strong cases to be made each question can fall in the favor of the Lakers.But collectively, it’s hard to imagine every one of them going their way.And with their margin of error so incredibly thin in a stacked Western Conference, it’s almost impossible to imagine them securing enough wins to avoid the lottery with anything less than 100 percent positive outcomes on their various questions.For a franchise so accustomed to certainty, that is too many if’s for my taste.In stark contrast the Clippers are poised to take bold step forward, the coup of bringing in Rivers as their coach potentially the last piece in a championship puzzle.A coach as skillful and respected as Rivers could have written his ticket any number of places. That he chose the Clippers is a telling sign of their emergence as an elite NBA team.And really, what is not to like?Chris Paul, an MVP candidate point guard, is locked up through 2018 and seems enamored with what Rivers is preaching.Blake Griffin always seemed skeptical of what former coach Vinny Del Negro asked of him, but Rivers is on another level and it’s hard to imagine Griffin not buying in. If so, and if he sincerely works to develop a mid-range, face-to-the-basket jumper, he’ll become a multi-faceted offensive threat rather than the one-dimensional player he’s been.The ripple effect is he will meld better with Paul in the running game and in the half court and that will make the duo more dangerous. Especially in the playoffs, when tempo slows down and late-game execution is so critical.The same goes for center DeAndre Jordan, who would be wise to buy into Rivers’ insistence on becoming a premier low-post defender and rebounder.Rivers has the cache to not only make these demands of Griffin and Jordan but also the savvy to present it to them in a way that makes it sensible for them to embrace it.Around them, Jared Dudley, J.J. Redick, Jamal Crawford, Matt Barnes, Darren Collison, Willie Green and Ryan Hollins form a dependable, versatile supporting cast.All the pieces are in place. So is the right coach.The Clippers are poised to take that next step.Meanwhile, the Lakers just face uncertainty.It’s a different time in Los Angeles, for [email protected] @DailyNewsVinny on Twitter While Kobe Bryant talked about scaling back this week, Doc Rivers was talking about covering up.The apprehension of pushing his surgically repaired Achilles tendon too far too soon motivated Bryant into being more patient with his comeback.For Rivers, sitting on top of a young, deep, talented Clippers team inspired him to insure Staples Center reflected loyalty to his team and his team only — at least on game days.Reaching higher than Dikembe Mutombo ever dreamed possible, Rivers swatted away all those Lakers championship banners and retired numbers hanging proudly at Staples Center. From now on, they’ll be covered up by murals of Clippers players during Clippers home games.#Hashtag: #MajorSwaggerFor Bryant it was about uncertainty.For Rivers it was about confidence.The Lakers’ star isn’t yet ready put the weight of an entire franchise back on his left leg.center_img Newsroom GuidelinesNews TipsContact UsReport an Errorlast_img read more

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