 In this period, many sometimes very tall towers of small one and two bedroom apartments and studio-style student housing (with no carparks) have been built, greatly increasing the resident population of the CBD, including students.Many older buildings have been converted to loft-style apartments, and there are some older apartment buildings with larger more spacious units, with a relatively small amount of luxury housing.There are few families with young children, with only 3.1% of residents under the age of 14, and equally small numbers of over 50, so most residents are students or young professionals, .