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Paul wasn't ready to downsize. Until he found the perfect next move
Paul wasn't ready to downsize. Until he found the perfect next move

Sydney Morning Herald

time11-05-2025

  • Business
  • Sydney Morning Herald

Paul wasn't ready to downsize. Until he found the perfect next move

The desire to downsize felt a long way off for Paul and Susie Burgess – until they spotted a luxury, oversized three-bedroom apartment for sale off the plan in the Sydney suburb of Cronulla. They'd intended to search for an investment property to buy, but when they saw what the apartment might look like upon completion next year, they now think it could be the perfect next move for themselves. 'We recognise, at some point, we'll need to downsize,' says Paul, 62, who, with Suzie, 57, bought the apartment for about $3.2 million in the VUE building. 'This was initially an investment, but it's become a legitimate downsizing opportunity for us. 'It looks so good. You have to go for these when they come up as there's not an awful lot of large, luxury apartments around that would be suitable, especially when you're moving out of a really lovely house. You don't want a shift to be a downgrade.' But there is a painful shortage of quality downsizer apartment stock across Australia, just as demand soars. In the country's biggest market, Sydney, 2021 census results show that less than 16 per cent of the new apartment supply had three or more bedrooms, compared to 60 per cent with two bedrooms. This contrasts sharply with houses, where those with three or more account for 90.2 per cent nationally. No wonder downsizing can feel like a downgrade. Loading According to Will Mitchell, the sales and marketing director of the Melbourne-based Pace Development Group, a primary reason for the scarcity is that it's hard to design bigger apartments with luxury finishes and still make the figures add up. 'The real challenge is that downsizers are moving into their final forever homes, and they're wanting everything – somewhere sophisticated and good quality that they can lock up and leave, with proximity to amenities and often with an outlook too,' Mitchell says. He says he's fielding strong downsizer demand for under-construction projects in Melbourne, such as The Archer in Flemington and Fabbrica in Fitzroy. 'The properties have to tick all their boxes,' he says, 'so you have to find the right sites and go through all the red tape to create something special and bespoke that they're willing to pay for. They really want to enjoy those years.'

Paul wasn't ready to downsize. Until he found the perfect next move
Paul wasn't ready to downsize. Until he found the perfect next move

The Age

time11-05-2025

  • Business
  • The Age

Paul wasn't ready to downsize. Until he found the perfect next move

The desire to downsize felt a long way off for Paul and Susie Burgess – until they spotted a luxury, oversized three-bedroom apartment for sale off the plan in the Sydney suburb of Cronulla. They'd intended to search for an investment property to buy, but when they saw what the apartment might look like upon completion next year, they now think it could be the perfect next move for themselves. 'We recognise, at some point, we'll need to downsize,' says Paul, 62, who, with Suzie, 57, bought the apartment for about $3.2 million in the VUE building. 'This was initially an investment, but it's become a legitimate downsizing opportunity for us. 'It looks so good. You have to go for these when they come up as there's not an awful lot of large, luxury apartments around that would be suitable, especially when you're moving out of a really lovely house. You don't want a shift to be a downgrade.' But there is a painful shortage of quality downsizer apartment stock across Australia, just as demand soars. In the country's biggest market, Sydney, 2021 census results show that less than 16 per cent of the new apartment supply had three or more bedrooms, compared to 60 per cent with two bedrooms. This contrasts sharply with houses, where those with three or more account for 90.2 per cent nationally. No wonder downsizing can feel like a downgrade. Loading According to Will Mitchell, the sales and marketing director of the Melbourne-based Pace Development Group, a primary reason for the scarcity is that it's hard to design bigger apartments with luxury finishes and still make the figures add up. 'The real challenge is that downsizers are moving into their final forever homes, and they're wanting everything – somewhere sophisticated and good quality that they can lock up and leave, with proximity to amenities and often with an outlook too,' Mitchell says. He says he's fielding strong downsizer demand for under-construction projects in Melbourne, such as The Archer in Flemington and Fabbrica in Fitzroy. 'The properties have to tick all their boxes,' he says, 'so you have to find the right sites and go through all the red tape to create something special and bespoke that they're willing to pay for. They really want to enjoy those years.'

How Britain became Hollywood's biggest threat as Trump threatens movie tariffs
How Britain became Hollywood's biggest threat as Trump threatens movie tariffs

Daily Mirror

time05-05-2025

  • Entertainment
  • Daily Mirror

How Britain became Hollywood's biggest threat as Trump threatens movie tariffs

President Trump has announced plans to hit films made outside of the UK with 100% tariffs in a bid to save the US' 'dying' film industry as filmmakers move abroad to keep costs down Donald Trump has said he is planning to hit films made outside the US with 100% tariffs as he ramps up more trade disputes. The president has announced he is imposing a levy on foreign films because America's film industry was "dying a very fast death" due to soaring costs of filming in Hollywood. The growing cost of production in Hollywood has resulted in filmmakers moving production overseas to keep costs low and now it appears the UK may be giving Tinseltown a run for its money. ‌ Trump has blamed a "concerted effort" by other countries that offer incentives for films to be made elsewhere - something he thinks is a "national security threat". ‌ Trump took to his Truth Social platform and said: "It is, in addition to everything else, messaging and propaganda! WE WANT MOVIES MADE IN AMERICA, AGAIN!" US Commerce Secretary Howard Lutnick responded to the announcement, saying "We're on it". However it's not clear what will come into place and whether the tariff would apply to American production companies producing films abroad. Films such as Deadpool & Wolverine, Wicked and Gladiator II were all produced by US studios but were shot outside of America. It's part of the imposed film tariffs the president has imposed on the rest of the world since his return to the White House in January. He stated these tariffs will help boost US manufacturers and protect jobs, despite throwing the global economy into chaos. It's also unclear if the tariffs would apply for films on streaming services including Netflix, as well as cinemas. Timothy Richards, founder of VUE cinema chain shared his thoughts on BBC Radio 4's Today programme. He questioned how Trump would define a US film and said: "Is it where the money comes from? The script, the director, the talent, where it was shot?" He further explained how the cost of filming in Hollywood has significantly grown over the decades which has meant filmmakers have been drawn to move production to locations including the UK, which have increasingly offered tax incentives and lower costs. "But it's not just the actual financing itself. One of reasons UK has done so well is we have some of the most highly experienced and skilled film and production crew in the world, the devil will be in the details," Mr Richards added. ‌ But if these tariffs come into play, UK media union Bectu warned they could "deal a knock-out blow" to the industry including the thousands of freelancers. Union chief Philippa Childs told the BBC: "The government must move swiftly to defend this vital sector, and support the freelancers who power it, as a matter of essential national economic interest." In response to the tariff threats, the UK government said it was "absolutely committed" to making sure the film sector thrives and create jobs. This includes plans to do so in its upcoming Creative Industries Sector Plan. Ahead of his inauguration, Trump appointed film stars Jon Voight, Mel Gibson and Sylvester Stallone to become special ambassadors tasked with promoting business opportunities in Hollywood, which he described as a "great but very troubled place". Trump wrote at the time: "They will serve as Special Envoys to me for the purpose of bringing Hollywood, which has lost much business over the last four years to Foreign Countries, BACK - BIGGER, BETTER, AND STRONGER THAN EVER BEFORE!"

CNA938 Rewind - Eat, Drink, Singapore - Alpine Merino Lamb dishes at VUE
CNA938 Rewind - Eat, Drink, Singapore - Alpine Merino Lamb dishes at VUE

CNA

time22-04-2025

  • Business
  • CNA

CNA938 Rewind - Eat, Drink, Singapore - Alpine Merino Lamb dishes at VUE

CNA938 Rewind You've probably heard of Merino wool, but lesser known is that New Zealand's Merino sheep boast exceptional meat quality, making it favoured by discerning chefs. Cheryl Goh speaks with fine dining establishment VUE's Executive Chef Sam Chin and Ethel Wong, Marketing Manager for Asia, Alliance Group at SILERE, on how they've worked together to create a spring menu featuring this gourmet delicacy.

The Legend of Maula Jatt' slated for re-release in UK
The Legend of Maula Jatt' slated for re-release in UK

Express Tribune

time28-03-2025

  • Entertainment
  • Express Tribune

The Legend of Maula Jatt' slated for re-release in UK

Punjabi-language blockbuster The Legend of Maula Jatt is returning to cinemas in the UK this Eid. Director Bilal Lashari announced the news in an Instagram post, writing, "You asked for it — it's back! The Legend of Maula Jatt returns to UK cinemas this Eid — March 28! Catch the epic, history-making blockbuster one more time in theatres." Bilal followed the announcement up with another post, which listed the 29 venues where the film would be screening. Fans in the UK should be able to see the titular protagonist wielding his gandasa on the big screens at Cineworld, VUE, and ODEON. The running period for the film has yet to be confirmed. The film originally released worldwide in October 2022, spotlighting a star-studded cast including Fawad Khan, Mahira Khan, and Hamza Ali Abbasi. Amid political tensions, it also secured an India release date in 2024. However, its delayed run in the neighbouring country was halted by September. The action reboot was expected to mark a historic moment as the first Pakistani release in India in more than a decade. However, the film's release was blocked, with sources citing the ongoing ban on Indian films in Pakistan as a key factor. The ban has been in place since 2019, and any Pakistani films attempting to enter the Indian market face significant opposition. As per Bollywood Life, in an earlier statement, Thackeray issued a warning ahead of the film's proposed release in early October. His grievances were rooted in the timing of the release, coinciding with the Navratri festival in Maharashtra. He emphasised the potential for unrest: "Navratri festival will start around the time when this movie will be released. I don't want any conflict to happen in Maharashtra." The controversy cast a shadow over what was otherwise set to be a momentous occasion. The Legend of Maula Jatt, which originally hit cinemas in Pakistan in 2022, has become one of the country's highest-grossing films. This controversy came at an interesting time for the Fawad, who has long been one of the most beloved Pakistani stars to cross over into Bollywood. His previous appearances in hit films like Kapoor & Sons and Ae Dil Hai Mushkil left a lasting impression on Indian audiences. As per Hindustan Times, the Humsafar actor is reportedly making his Bollywood comeback in a film opposite Ridhi Dogra. The film is expected to be released in 2026.

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