Demand for larger home-style spaces for active resizer market
WE’VE heard of downsizers and upsizers.
But now there’s a surge of “active resizers” flooding Brisbane’s apartment market. Older couples are ditching their backyards to live in big apartments with their kids who don’t want to leave the nest.
The demand for larger home-style spaces to accommodate the growing active resizer market is evident at West Village’s latest release of apartments, Arcadia Residences.
West Village project director Andrew Thompson said active resizers were baby boomers who grew up on a quarter acre block, commuted to work in the city, raised the kids till mid-teens/early 20s, and were sick of maintaining the family home.
“With our Arcadia Residences, there is more focus on space because active resizers will be Brisbane’s first generation to have their teenage/young adult children living with them in an apartment,” Mr Thompson said.
“They seek homes and lifestyles with character, environmental responsibility, culture and amenity – things they can’t generally achieve in the ‘burbs’.”
West End couple Ian and Ann Meyers moved into their four-bedroom, four-bathroom apartment at West Village in October.
Their son Jordon, 26, moved in with them as they tried to “replicate what we had at our larger house”.
“We came out of a five-bedroom, two-storey Queenslander at Annerley,” Mr Meyers said. “We’re very fortunate to have the larger apartment which is what attracted us here. It’s like a house inside – there’s along hallway and the bedrooms run off the hallway.”
Mr Meyers, said they should have moved a lot earlier given their enjoyment as ‘active resizers’.
“We are close to the city, we have great views and we can do so many things we couldn’t in the suburbs,” he said.
“We are more active as we have more leisure time. Maintaining a big old Queenslander takes a lot of time.”
With an old-style newsagency nearby and coffee shops around the corner, Mr Meyers likened their lifestyle to living in New York.