first_imgHollie Taylor and Glenn Mackay surveying a mock-up of the new Fabric development at Brisbane blue chip suburb Teneriffe. Picture: Jono Searle.HIPSTERS and families throwing in the towel on the ‘white picket fence’ helped drive record completions for apartments – beating houses for the first time on record. And with a major lifestyle shift and affordability issues continuing across the major capitals, the signs were that the trend could be expected to continue for some time.Latest Australian Bureau of Statistics quarterly building activity data found that more new units were completed (28,527) than new houses (28,102) over the three months of the December quarter. GET the latest real estate news from The Courier-Mail free and direct to your inbox CoreLogic research analyst Cameron Kusher said unit completion growth hit a record 26.1 per cent compared to new house completions which were up just 0.7 per cent.“This marked the first quarter on record where more new units had been completed than new houses.” More from newsMould, age, not enough to stop 17 bidders fighting for this home6 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor6 hours agoPointcorp project, Fabric at Florence Street, Teneriffe.Mr Kusher said unit completions could “remain high for some time given that there are still many houses and units under construction” which together have averaged 43,497 a quarter in the past five years.The latest CoreLogic Property Pulse found while nationally the surge was at record levels, there were signs of a slowdown in the number of units being built in Brisbane and Melbourne.“Clearly we are seeing the market responding to the heightened level of dwelling construction over recent years,” Mr Kusher said. HOUSING led economic miracle Real estate agent Hamish Bowman of Ray White New Farm said the shift in buyer demographic and their priorities was inevitable across the inner-city.“We have known for several years that this dynamic would eventuate,” he said.“House owners are now putting artificial grass over real grass so they don’t have to maintain it. People are time poor. People want to entertain themselves in their down time.”Buyers Hollie Taylor and Glenn Mackay were among those who preferred an apartment over a house, buying into Fabric, Teneriffe, which is expected to begin construction shortly.The eight level development was expected to have 73 apartments designed to fill a need for “select, contemporary, amenity-rich residences”, according to developers Pointcorp.last_img