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Mayor makes huge profit on property sale
Mayor makes huge profit on property sale

Courier-Mail

timea day ago

  • Business
  • Courier-Mail

Mayor makes huge profit on property sale

Gold Coast mayor Tom Tate and his wife Ruth have sold their luxury Surfers Paradise home for $5.4m, making themselves a tidy $1.15m profit in less than two years. It is the latest deal in the high-profile couple's multimillion dollar real estate portfolio which has seen them bank more than $25m from luxury property sales since 2020. The sale, which recently settled, was handled by Russell and Bob Rollington of Surfers Paradise First National, who declined to comment when contacted by this publication. Property records reveal the Tates bought the home at 17 Seafarer Court, Paradise Waters for $4.25m in 2023. MORE NEWS: Business listed for sale complete with a camel called Sandy Party pad that has hosted celebs and sports stars hits the market The property was listed with a $6m price tag in November, 2024, before officially selling in March. 'East to wide water just off the main channel and offering breathtaking Surfers Paradise and Main Beach city skyline views, this extraordinary four-bedroom family home exudes quality and luxury,' the listing states. 'Effortlessly fusing elegant surrounds with easy living and entertaining, this architecturally designed residence is the epitome of an entertainers dream offering an ideal layout for a large extended family.' Photos show minor cosmetic works however no major renovations or improvements were made to the house during their ownership. It was the 10th property the Tates had sold in the suburb over the past 30 years. The couple's recent Gold Coast sales include 36 Buccaneer Court, Paradise Waters, which sold for $3.675m in 2021, and 23 Maryland Ave, which traded for $5.8m in 2023. PropTrack data shows the median house price in Surfers Paradise is $4m, up 33.3 per cent.

Paradise nearly lost: The Bahamas facing existential rising ocean levels
Paradise nearly lost: The Bahamas facing existential rising ocean levels

ITV News

time08-06-2025

  • ITV News

Paradise nearly lost: The Bahamas facing existential rising ocean levels

As a journalist, there aren't many assignments more welcome than a trip to the Bahamas. I came here expecting to find paradise and in many ways I did. We have watched turtles and lemon sharks basking in turquoise waters, admired the elegance of yellow-crowned night herons and shrunk from the huge turkey vultures swooping across the landscape. But there is no escaping what this ocean nation has lost. Don a snorkel and you will still see iridescent fish flashing between the coral. But the rainbow colours of the reef are gone. Rising sea temperatures, the direct result of climate change, have bleached the coral, making it more susceptible to disease. The reefs are a vital habitat for many fish species so it's not surprising that the islands' fishing community is being hard hit. We meet Shervin Tate and his son Shervin Junior who come from generations of fisherman. They tell us how the warming ocean has forced them to head much further out to sea. 'You can see the decline - because you're not seeing a bunch of fish running up along the coast anymore. You got to go far out,' says Shervin Senior. 'And it costs you twice as much, because where you were going to spend $100 for fuel, now you spend it $200.' He explains how the coral reefs, along with the mangroves that line the shore, are nature's own barrier against extreme weather events like storms and hurricanes. But when Hurricane Dorian hit in 2019, the strongest ever witnessed here, it destroyed more than a third of the mangrove forests on his island of Grand Bahama. The forests are vital nurseries for young fish; so the Tates, like a number of environmentally-minded islanders we meet, give up their own time to restore them by planting new ones. When we launch our drone camera over the shoreline and see the vast empty mudflats where the mangroves once were, their backbreaking work looks like a drop in the ocean. It would be easy to feel overwhelmed by the damage, which isn't limited to the ocean. The flood waters that rushed inland after Hurricane Dorian destroyed almost all of the island's pine forests. Thousands of trees that weren't blown over sat in seawater for days, killing their foliage. Now there are just bare trunks, reaching up to the clouds like tall black matchsticks - it's almost apocalyptic. Reassuringly, nature is fighting back and the forest is beginning to recover. But the flooding may return before it can. Because the more frequent storms, caused by warming seas, aren't the only threat from the ocean. Melting glacier ice, a world away from here in the Antarctic, is contributing to global sea levels rising and the Bahamas are one of the countries predicted to be hit hardest. The islands are so flat they remind me of Holland - almost a third of the land lies less than half a metre above sea level and that's where a quarter of its population lives. Over the next 25 years that level is predicted to rise by 32cm and by a whopping 82cm by the end of the century. But if these islands are vulnerable, its people refuse to be. At Coral Vita, the world's first land based commercial coral farm, they are restoring the islands' damaged reefs. We watch scientists divide tiny fragments of coral, accelerating its growth by 50 times normal rates, finding strains more resilient to warming seas. But the reality is this is not just about sustainability but survival. Abigail Alain is one of the young workers here and I ask her whether she can plan a future in the Bahamas, given the predictions around its future. She takes a long breath before answering. 'I don't think so' she tells me. 'I'm willing to stay to the end but at the same time I'm not waiting to be killed.' I'm impressed by how much more interested many islanders are in trying to generate solutions rather than sympathy - but if paradise is not quite lost here it's already on the edge.

Lawyer says Tate brothers will return to UK to face rape and trafficking charges
Lawyer says Tate brothers will return to UK to face rape and trafficking charges

Boston Globe

time30-05-2025

  • Boston Globe

Lawyer says Tate brothers will return to UK to face rape and trafficking charges

'These are historic allegations and our clients are not even being told who the supposed victims are,' the Holborn Adams law firm said in a statement. 'This ... demonstrates a different approach on the basis of the profile of our clients.' The former professional kickboxers have millions of followers on social media. Andrew has drawn a much larger following with self-professed misogyny that has drawn boys and young men to the luxurious lifestyle he projects. Andrew Tate, 38, faces 10 charges related to three women that include rape, actual bodily harm, human trafficking and controlling prostitution for gain, prosecutors said. Tristan Tate, 36, faces 11 charges related to one woman that include rape, human trafficking and actual bodily harm. Advertisement The allegations from Bedfordshire, a county north of London where the brothers grew up, date back to between 2012 to 2015. The Tates were arrested in Romania in late 2022 and formally indicted last year on charges that they participated in a criminal ring there that lured women who were allegedly sexually exploited. Andrew Tate was also charged with rape. Advertisement The siblings have denied all the allegations in Romania, and an appeals court there said in December that a human trafficking case could not proceed because of legal and procedural irregularities. Romanian courts have issued an order to extradite the two to the U.K. once their court case is concluded in there, British prosecutors said. Lawyers for the Tates said they may have information that could undermine the allegations, but police and prosecutors won't speak with them. They said the Tates would return to England when their cases in Romania conclude, and that they will be aggressively defended.

Lawyer says Tate brothers will return to UK to face rape and trafficking charges
Lawyer says Tate brothers will return to UK to face rape and trafficking charges

Japan Today

time29-05-2025

  • Japan Today

Lawyer says Tate brothers will return to UK to face rape and trafficking charges

FILE - Andrew Tate, left, and his brother Tristan arrive at the Bucharest Tribunal in Bucharest, Romania, Feb. 1, 2024. (AP Photo/Vadim Ghirda, File) By BRIAN MELLEY Influencer brothers Andrew and Tristan Tate will return to Britain to defend themselves against rape, trafficking and other charges, their lawyers said Thursday. Prosecutors authorized charges in January 2024 against the Tates, dual U.S. and British citizens who moved to Romania in 2016. But the Crown Prosecution Service did not announce the charges involving several women until Wednesday. Lawyers said the brothers, who are currently facing charges in Romania, are at a disadvantage because British prosecutors have not shared any information with them about the charges. 'These are historic allegations and our clients are not even being told who the supposed victims are,' the Holborn Adams law firm said in a statement. 'This ... demonstrates a different approach on the basis of the profile of our clients.' The former professional kickboxers have millions of followers on social media. Andrew has drawn a much larger following with self-professed misogyny that has drawn boys and young men to the luxurious lifestyle he projects. Andrew Tate, 38, faces 10 charges related to three women that include rape, actual bodily harm, human trafficking and controlling prostitution for gain, prosecutors said. Tristan Tate, 36, faces 11 charges related to one woman that include rape, human trafficking and actual bodily harm. The allegations from Bedfordshire, a county north of London where the brothers grew up, date back to between 2012 to 2015. The Tates were arrested in Romania in late 2022 and formally indicted last year on charges that they participated in a criminal ring there that lured women who were allegedly sexually exploited. Andrew Tate was also charged with rape. The siblings have denied all the allegations in Romania, and an appeals court there said in December that a human trafficking case could not proceed because of legal and procedural irregularities. Romanian courts have issued an order to extradite the two to the UK once their court case is concluded in there, British prosecutors said. Lawyers for the Tates said they may have information that could undermine the allegations, but police and prosecutors won't speak with them. They said the Tates would return to England when their cases in Romania conclude, and that they will be aggressively defended. © Copyright 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

Lawyer says Tate brothers will return to UK to face rape and trafficking charges

time29-05-2025

Lawyer says Tate brothers will return to UK to face rape and trafficking charges

LONDON -- Influencer brothers Andrew and Tristan Tate will return to Britain to defend themselves against rape, trafficking and other charges, their lawyers said Thursday. Prosecutors authorized charges in January 2024 against the Tates, dual U.S. and British citizens who moved to Romania in 2016. But the Crown Prosecution Service did not announce the charges involving several women until Wednesday. Lawyers said the brothers, who are currently facing charges in Romania, are at a disadvantage because British prosecutors have not shared any information with them about the charges. 'These are historic allegations and our clients are not even being told who the supposed victims are,' the Holborn Adams law firm said in a statement. 'This ... demonstrates a different approach on the basis of the profile of our clients.' The former professional kickboxers have millions of followers on social media. Andrew has drawn a much larger following with self-professed misogyny that has drawn boys and young men to the luxurious lifestyle he projects. Andrew Tate, 38, faces 10 charges related to three women that include rape, actual bodily harm, human trafficking and controlling prostitution for gain, prosecutors said. Tristan Tate, 36, faces 11 charges related to one woman that include rape, human trafficking and actual bodily harm. The allegations from Bedfordshire, a county north of London where the brothers grew up, date back to between 2012 to 2015. The Tates were arrested in Romania in late 2022 and formally indicted last year on charges that they participated in a criminal ring there that lured women who were allegedly sexually exploited. Andrew Tate was also charged with rape. The siblings have denied all the allegations in Romania, and an appeals court there said in December that a human trafficking case could not proceed because of legal and procedural irregularities. Romanian courts have issued an order to extradite the two to the U.K. once their court case is concluded in there, British prosecutors said. Lawyers for the Tates said they may have information that could undermine the allegations, but police and prosecutors won't speak with them. They said the Tates would return to England when their cases in Romania conclude, and that they will be aggressively defended.

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