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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_imgUpdate (May 3 @ 7:07 a.m.)The voluntary boil advisory has been lifted as of 7 a.m. SaturdayFirst Report (May 1 @ 12:45 p.m.)Several Hoosier Hills Water customers are being notified that a voluntary boil advisory has been issued following a water main break.According to the water company, the main broke while contractors were working near State Road 350.A voluntary boil advisory has been issued for customers on S.R. 350 from Pierceville to Laughery Creek. It is also in effect for customers on County Road 100 East and County Road 225 East.Water companies are mandated by law to issue an advisory when dealing with a water main break.“We are required by the State meaning the Indiana Department of Environmental Management, that we have to notify the customers that are involved,” said administrative office assistance Barbara Wittich at Hoosier Hills Regional Water District.“This is strictly voluntary on their part if they want to boil their drinking and cooking water. It is entirely up to them but we are required to tell them that.”Wittich said the voluntary boil advisory could last through the weekend.last_img read more