STRONG POPULATION GROWTH HAS RETURNED TO INNER BRISBANE.
Looking forward, there is a need to build about 3,000 new dwellings across the area each year. Most of these new digs will be apartments and many of these will hold two or three bedrooms.
There are three large growth markets being young renters, first-home buyers and downsizers.
Most of the recent additions - over the past two to three years - to the new local apartment supply have been tightly dimensioned two-bedroom apartments. These cater well for people living alone and young couples.
Yet there remains an undersupply of well-proportioned two-bedroom apartments, and well-designed three- and four-bedroom product.
Such product caters best for downsizers, young families and tenants who wish to share.