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first_imgBarca apartments in Bulimba.More from newsMould, age, not enough to stop 17 bidders fighting for this home5 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor5 hours ago“Moving forward — during the next phase of the inner Brisbane apartment market cycle — we see the current trends towards lower project yields and larger apartments increasing,” Mr Matusik said.“There is a need to build more owner-resident oriented housing stock across inner Brisbane that is largely fuelled by residents looking to downsize and, importantly, stay in their area.“There are very few new apartment projects that adequately fulfil this market segment’s wish list, which includes a small project; well-proportioned and designed; and in a prime position, such as on the Brisbane River.”Bulimba is identified in the report as a suburb with rising demand from downsizers.The report shows a fall in recent months in the number of dwellings available for resale and rent in Bulimba, and very limited new housing choices in the area, with just three months’ supply in the pipeline and very few potential development sites.Mr Matusik points to just a handful of boutique projects on Bulimba’s riverfront that will deliver apartments to suit discerning downsizers. Amara Residences in Bulimba.Representing a combined total of 87 new residences, they are: Amara Residences, with 13 two and three-bedroom apartments; Barca, with 31 units; 29-31 Byron Street with 16 apartments; and 27 units in The Boatyard.“This strongly suggests that, unlike other locales across inner Brisbane, the Bulimba area is undersupplied with appropriate housing choice,” Mr Matusik said.“There is a large local baby boomer population, many of whom are potentially looking to downsize into an apartment in the same area.“We believe there is considerable local pent-up demand, as most locals cannot find the appropriate product to downsize to.” The Boatyard Bulimba is one of only a few boutique apartment complexes in Bulimba where demand is going to outstrip supply.LARGE apartments in boutique complexes in the inner-city are hot property as the latest research report shows demand for these apartments will soon outstrip supply.The latest Matusik Property Insights report finds that while Brisbane’s wider unit market is entering a downturn, large apartments in small inner-city projects are holding firm with demand from downsizing owner occupiers on the rise.The report finds that boutique apartments stack up financially with small projects in prime positions — on the river, in high-street locations or with uninterrupted views of the CBD — delivering better gains in 2016 (3.9 per cent) than other inner city apartments (-1 per cent).It also shows that larger apartments are the ones to buy with better resell value than their smaller counterparts, with three-bedroom apartments across inner Brisbane averaging gains of 9.6 per cent per annum over the past decade, more than double the average of 4.6 per cent. Report author Michael Matusik said inner city locals looking to downsize locally, more couples without children staying in or returning to the inner-city and fewer people living alone were contributing to the growing demand for boutique apartment living in the city.He said the inner-city apartment market was going through a quick self correction with 40 per cent of scheduled projects shelved over the past 12 months, and what he predicts will be a rise in boutique-style apartment development.last_img read more

first_img Travis Jankowski injury update: Padres outfielder (broken wrist) expected to have surgery The Mets are hiring ESPN’s Sunday Night Baseball lead analyst Jessica Mendoza.Mendoza will assume a role in the Mets’ front office in player evaluation. She will also focus on roster construction, technological advancement and health and performance. Mendoza has an extensive background in baseball and softball dating back to high school when she was named Los Angeles’ Player of the Year in 1998.She went on to play softball at Stanford,where she was named an All-American in all four years with the program. She then won a gold medal with the U.S. women’s softball team in Athens in 2004 and a silver medal in Beijing in 2008.She also played softball professionally in 2005 and then again from 2010-2012. Mendoza, 38, joins Haley Alvarez, who is the Athletics’ scouting coordinator, and Kim Ng, the senior vice president of baseball operations for MLB, as women working prominently at the highest levels of baseball.Mendoza has served as ESPN’s lead analyst on Sunday Night Baseball since 2016. She was the first female analyst in the booth for ESPN’s College World Series coverage in 2015.Later that year, she became the first female to commentate a major league game in the history of ESPN when she called a Cardinals-Diamondbacks game in August. From the release: pic.twitter.com/P5sEycWfa5— Tim Britton (@TimBritton) March 5, 2019She will continue her work on Sunday Night Baseball.”Jessica is incredibly well respected throughout the industry and we are excited to bring her into the organization,” Mets general manager Brodie Van Wagenen said in a release. “She is a world-class athlete and experienced television analyst with an extremely high baseball IQ. We are confident that she will help us in our efforts to win now and in the future.” Related Newslast_img read more