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Brisbane Buyers Agent Insights – Whats happening in Kangaroo Point – First ever supermarket planned for the suburb

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As a top Brisbane buyers agent, we’ve always got our finger on the pulse of the Brisbane property market. Check out what’s happening in Kangaroo Point.

A Woolworths supermarket is planned for Kangaroo Point in Brisbane’s inner east following the recent sale of a vacant 3048sq m site across multiple titles at 25 Ferry Street.

The 1742sq m supermarket will be a first for the suburb, set on a small peninsula, but highly populated with many apartment buildings.

The new amenity – which is much needed in the suburb, which currently has very little – will be part of a bigger mixed-use development proposed for the site by developer Fabcot, with a development application having been lodged.

The wider development will consist of a tower with 62 residential apartments and other retail amenity including food and drink specialty outlets, as well a mezzanine level for office or storage space. The residential tower will have amenities and recreation space for residents including an outdoor gymnasium, pool, lounge, deck and BBQ areas.

 

Market Snapshot – Kangaroo Point

Median house price House average annual price  growth Houses sold over past 12 months Median Unit price Unit average annual price  growth Units sold over the past 12 months Demand level Population Median age of residents % of renters
$1.084m 5.69% 27 $466,000 0.28% 198  High 8,214 34 59.7%

Source: Realestate.com.au, CoreLogic, ABS 2016 Census

 

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As a Brisbane buyers agent focused on the best results for our clients we’ll help you make a smart buying decision on your next property purchase. We act independently and only select homes that meet our strict ‘smart buying’ criteria.

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To book your “Brisbane Buyers Agent Insight Session” register at the form to the right of this blog, call 0409 499 034 or email paul@brisbanebuyersagency.com.au