Lifestyle needs dictate market

THE latest local lifestyle changes are set to change Brisbane's property landscape substantially, according to Brisbane property investment consultants Grow Consulting Group.

Managing director Ayda Shabanzadeh said savvy property investors were making choices with changing lifestyle trends in mind.

Ms Shabanzadeh said owner-occupiers and investors were more likely to select homes that were functional and met their needs as a single person, couple Or family.

"People are choosing to live somewhere that fits hectic professional and social lives, where they may not have much time to maintain a garden," she said.

"Another trend on the increase is locals refusing to drive and organising their lives around access to public transport.

"Such people have made a conscious decision that reaching their work place and other amenities is easier and cheaper by public transport.

"They will then choose where they live, as well as where they work, shop and play, based on public transport accessibility."

Ms Shabanzadeh said demand for inner city suburban apartments is also expected to increase following the recent push for '15 minute neighbourhoods' by former Queensland premier Anna Bligh.

"This concept is already becoming popular locally, indicated by an increase in buyer activity and tenant demand in certain areas of Brisbane," Ms Shabanzadeh said.

"Newstead, Teneriffe, Nundah, Bowen Hills, Chermside and Kelvin Grove all fit into the '15 minute neighbourhood' concept, and property in these areas will undergo an increase in value over the years ahead.

"Investors who have purchased apartments in such suburbs are excellently placed for capital growth opportunities."