Barca 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.
Press Association “What professional move doesn’t have risk with it?” Lampard added. “It’s not a risk. It’s a challenge. I can be in the middle of that challenge. “I want to make New York City a team that New Yorkers are proud of. And I will do my best to do that.” Lampard made 649 appearances for Chelsea, scoring a club record 211 goals, since signing from West Ham in 2001. He signed a one-year contract extension with the Blues in May 2013 after mulling over a move to Los Angeles Galaxy, who he will now play in opposition from next spring. Lampard, who won every club trophy on offer with Chelsea, added: “Why not choose New York City? It’s a very exciting challenge for me in life terms. “I’ve seen the vision, a real long-term plan and I wanted to be part of that. I want to test myself, I want to carry on challenging myself, I want to be that leader, and not just on the pitch, but someone off the pitch. “I had a fantastic 13 years at Chelsea, I can look back at that with immense pride. “(But) it was a good time for myself and Chelsea that I moved on.” “I’ve had a bit of time after the World Cup, which was obviously a huge disappointment,” Lampard said at his unveiling in Brooklyn. “I now need to think about England and think about what I want to do with that. “I haven’t got a complete answer, but now I know where I’ll be playing my football next year I can make that decision.” Lampard had no hesitation in moving to Major League Soccer, but with the season not beginning until next spring he may make a temporary move in the meantime. David Villa, the franchise’s other marquee signing, has joined Melbourne City FC on loan and Lampard could also switch to Australia. He added: “I’m going to keep fit, that’s the main thing. How I do that is not clear yet. “I’m going to sit round with people at the club and sort that out.” Lampard became the fourth player to sign for New York City FC, the MLS’ 20th expansion franchise, and insisted the switch was not a gamble despite joining a new club in a still-emerging league. Frank Lampard will make a decision over his England future after completing his move to New York City FC on a two-year deal. The 36-year-old midfielder prioritised his club future after leaving Chelsea following a 13-year stint in June. Lampard has made 106 England appearances, scoring 29 goals, and was in Roy Hodgson’s 23-man World Cup squad in Brazil.
German winger Thomas Muller scored two sublime goals as Bayern Munich capitalised on a fast start to edge Chelsea 3-2 in the opening match of the International Champions Cup Singapore friendly tournament on Tuesday.Bayern manager Carlo Ancelotti had implored his side to show improvement following a 4-0 drubbing by AC Milan in Shenzhen last week and his players answered the call with a scintillating opening spell as they raced to a 3-0 lead in 26 minutes.Chelsea adopted the 3-4-3 formation that had served them well on their way to the Premier League title in May but new Bayern signing James Rodriguez, Muller and Franck Ribery were able to unlock the English champions’ defence with alarming regularity.After a fairly pedestrian opening, Bayern full back Rafinha struck for the German champions in the sixth minute, cutting in from the right wing and drilling home a low drive into the opposite corner past a sprawling Thibaut Courtois.Bayern were looking irresistible and doubled the lead six minutes later when Ribery skipped past Cesar Azpilicueta on the left side of the penalty area, then dinked over an inviting cross for Muller to volley home his first goal from close range.Rodriguez appeared comfortable in a roaming role behind striker Robert Lewandowski and although the Colombian spurned several chances to extend Bayern’s lead, Ancelotti would have been pleased with what he saw of his new recruit.Muller then made it 3-0 with a spectacular long-range effort after 26 minutes when the German international strolled forward from halfway towards a passive Chelsea defence and unleashed a curling shot past Courtois from 25 metres.advertisement”It was a really nice reaction by the side after the result against Milan so we are very happy and everything is going good,” Muller said in a pitchside interview.Chelsea had been completely outclassed but managed to haul themselves back into the contest on the stroke of halftime when left back Marcos Alonso latched on to Victor Moses’ low cross from the right and beat Tom Starke with a low, crisp shot.Both sides made regular substitutions in the second half with Chelsea replacement David Luiz going closest after the break with a deflected long-range shot that hit the base of the post in the 72nd minute.Michy Batshuayi then stabbed home from close range following a corner in the 86th minute to set up an exciting finale but Bayern held on for victory in front of 48,500 fans packed into the Singapore National Stadium.Inter Milan are the other team involved in the tournament and they will play Bayern on Thursday before rounding out the competition against Chelsea on Saturday.