Empty nesters feel they are stuck in their oversized homes

first_imgLondon Residences at West End is tapping into the empty nest market that many developers are overlooking.A LACK of suitable alternative homes in local communities is causing empty nesters to baton down the hatches and stay in their oversized properties.Despite recent Federal Government initiatives to encourage older Australians out of their large homes to make way for young families, many are choosing to stay where they are.The Grattan Institute’s Brendan Coates and John Daley have suggested a key reason many seniors have opted to ‘age in place’ was that they were unable to find suitable alternative housing in their local communities — often established suburbs with a limited number of smaller dwellings. Ray White’s director of projects and investment sales Elisa McMahon said that it wasunderstandable that older Australians wanted to maintain family and community links intotheir retirement. Ray White’s director of projects and investment sales Elisa McMahon.“As a developer, it is important to understand what drives our communities and potentialbuyers — from location to layout,” she said.“Consequently, Brisbane developers are now actively looking at our more established suburbsas perfect locations for classically designed apartments.”Ms McMahon, who has spent two decades working in the property industry, noted that inaddition to finding the right location, potential downsizers were often concerned that theywould lose their ‘room to move’ in an apartment. London Residences at West End giving lifestyle to the empty nesters.London Residences architect Frank Ferro said that in addition to boasting house-sizedapartments, with separate dedicated storage rooms of up to 18sq m, his development reflectedthe true essence of one of Brisbane’s oldest suburbs.“We have combined innovative design with functional living to achieve spacious andenvironmentally integrated homes that reflect West End’s unique character and relaxedlifestyle,” Mr Ferro said.“The London Residences is proof that you can downsize without compromising on your space orcommunity.”center_img London Residences at West End is tapping into the empty nest market.More from newsMould, age, not enough to stop 17 bidders fighting for this home3 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor3 hours ago“There is a misconception in the market that apartment living must always equate to smallspaces and limited storage,” she said.“While this can sometimes be the case, there are many developers who understand thatdownsizing does not have to mean cramming!”Ms McMahon is involved in a number of new Brisbane projects that she said feature‘oversized’ apartments, perfect for the retiring empty nester, for example, London Residences in West End, with three-bedroom apartments up to 208sq m.last_img read more

Mariners Move on to NAC Semifinals with 12-5 Win Over Thomas

first_imgThis is placeholder textThis is placeholder text admin Latest posts by admin (see all) Latest Posts The ball squirts out during a face off between MMA’s Philip McNerney (13) and Mitch Bickford (8) of the Terriers.—MIKE OLESCastine — Freshman attacker Brian Corain (Berwick, ME) had a 6 point afternoon as the Maine Maritime Academy Mariners beat the Thomas College Terriers 12-5 in a North Atlantic Conference Quarterfinal men’s lacrosse game played Saturday afternoon at Ritchie Field.Devin Cooper (24) of the Mariners hammers Thomas attacker Jeremy Parmely (18) during MMA’s NAC quarterfinal win over the Terriers.—MIKE OLESWith the victory, MMA improves to 8-3 while Thomas ends their season at 4-7. MMA will move on and play at Mount Ida on Wednesday.MMA (8-3,7-2 NAC) got 4 goals from sophomore Chris Keiley and 3 goals from senior Garrett Lake. Brian Corain collected 2 goals to go along with his 4 assists while Nick Lund added 2 goals and an assist. The Mariners had 11 assists in their 12 goals. Daniel Redmond (Westbrook, ME) made 20 saves for the Mariners on 45 Thomas shots picking up his school record 8th win of the year. Peter Betti (Upper Saddle River, NJ) led the Mariners with 9 ground balls in the game. For more sports stories, pick up a copy of The Ellsworth American. State budget vs. job creation – January 22, 2015 Hancock County Court News Nov. 3 thorugh Dec. 11 – January 22, 2015 Bio House fire in Winter Harbor – October 27, 2014last_img read more