Living in the Brisbane CBD is a relatively recent phenomenon and has become hugely popular. Forget about mowing the lawn and maintaining a private home and garden, city dwellers live in eyries in the sky, almost able to reach out and touch the fireworks in the many Brisbane festival events. They can walk to work, no need to take a car or public transport, have a few drinks at an award-winning restaurant and walk back home again – all in high heels if they choose! No slepping about the ‘burbs for these city dwellers – they prefer a New York ‘Sex and the City’ sort of a lifestyle with the boutiques, cafes, theatres and movies that accompany it. Brisbane’s CBD has proved very popular with the young and upwardly mobile and also with retirees whose children have left the nest and who can now enjoy the benefits of a lifetime in the workforce. Cosmopolitan, anyone?
Bordered largely by the Brisbane River, Brisbane city is the heart of retail and business activity in the Brisbane shire. Popular with professionals and students looking to live as close to work or university (Queensland University of Technology – QUT) as possible, the city’s property market has experienced strong demand in recent years, mainly with investors. While the older style housing is still attracting some buyers, it is the refurbishment of older buildings into apartments that has been attracting the most attention. Inner city residential high-rise complexes were first developed during the late 1970s in the area bounded by Alice and Margaret streets and included Club Lodge and The Gardens complex. The majority of households in the city are lone person households (they make up over 50%) with just over 31% of city households being family groups. While there are some separate houses, most dwellings in the city area are units.