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Related: Where home ownership has Mortgage brokers Oak Laurel Nundah declined the most “There’s nothing wrong with Mortgage broker Oak Laurel Nundah, 60 London St, Nundah QLD 4012, 0430 129 662 these suburbs – there’s amenities, they’re nice places – what’s happened is the household structures have changed. The median age of residents in these suburbs is much older than the rest of Brisbane,” he says. “Amazingly, all of the suburbs are almost all four-bedroom homes. So we have a massive housing capacity, with an ageing population, where the children have grown up here and left home … the average number of residents per room is less than one person per room. “You could say this is the ‘spare room central’ of Brisbane.” ABS data shows the Centenary suburbs fell 0.8 per cent during the 12 months between 2015 to 2016 alone, decreasing from 34,128 residents to 33,863. Mr McCrindle says these suburbs are largely homogenous, which is why the population has declined together. “If you look at Sunnybank, which is a similar era, there’s a lot more cultural diversity and regeneration in the area,” he says. “Whereas these suburbs are very Anglo areas – everyone’s kids have grown up, left home and the original residents have all stayed and grown older,” he says. “What you do get in older suburbs where there’s been renewal and regeneration, particularly in places like West End, Indooroopilly, South Brisbane and Coorparoo … they’re older but they’ve gone through a gentrification boom. “These Centenary suburbs haven’t had that. There’s been no increase in terms of new dwellings.
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