latest "fifteen minute neighbourhoods" trend lifting demand for inner city suburban homes

You may have heard, of a new terminology spruiked recently by our Premier, Anna Bligh - "Fifteen minute neighbourhoods".

Simply, it's a place where residents can live, work, and play all in the one location, or within 15 minutes of their home address.

It's a solution, Ms Bligh is suggesting may assist Brisbane's looming population crisis - hence, lifting the demand for inner city suburban homes and further developments.

New York City is a prime example of high density living. Residents live, play and work locally, allowing them to sell the car, and simply commute to work or to their social events, either on foot, bike or public transport.

However, the "fifteen minute neighbourhood" concept, is already locally, growing in popularity, indicated by an increase in buyer activity and tenant demand in various areas of Brisbane.

Suburbs such as Newstead, Teneriffe, Nundah, Chermside and Kelvin Grove all fit into this "fifteen minute neighbourhood" concept, and property in these areas will undergo an increase in value over the years ahead.

While advice used to encourage investors to purchase land in suburbs further out from the CBD, some outer suburbs have not increased in value in the same extent as inner city apartments and townhouses.

So, investors who have purchased properties closer to the city will be excellently placed for capital growth opportunities.

Of course, this way of living is a direct result of our expanding population and ever-changing lifestyles.

For the first time in nearly 100 years, unmarried Australians are in a majority - 25% of households contain only one person, that's around two million people.

According to the Bureau of Statistics, by 2013, couples without children, and people living on their own, will make up the vast majority of families living in Australia.

This will mean, a lesser demand for larger four bedroom homes further out from the city, with a greater demand for inner city suburb dwellings.

Thanks to a revised way of convenient living, it's predicted those couples and single people will inevitably show a preference for homes closer to their place of employment, transport, and to entertainment - including restaurants and shops - rather than schools and open reserves. Meaning a boost in demand and in value is expected for properties meeting with these guidelines.

As investors themselves, Grow Consulting Group are passionate Property Investment Consultants, who assist their clients by sharing their expertise and knowledge, and offering services in three core business areas - finance, property investment and property management. 

An intricate understanding of the property market in South-East Queensland and its changing dynamics, together with partnerships including expert real estate agents, developers, accountants, quantity surveyors, and insurance consultants, ensure an exceptional service is provided to time-poor investors and those after that 'Grow' advantage.