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Buyers Agent Brisbane Insights – What’s happening in Yeronga – Ageing shopping centre on main road to be redeveloped

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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 Yeronga.

The Yeronga Village Shopping Centre will be redeveloped to improve the ageing centre and provide greater amenity to residents in the surrounding area.

One of the existing buildings in the shopping centre, situated at 429 Fairfield Road in Yeronga, just 250 metres from the suburb’s train station, will be demolished to make way for a new three-storey building. The other buildings will be refurbished and the whole shopping centre will be resigned to unify and modernise it, and create a more appealing development.

The new centre will include retail shops, food and drink outlets, medical, and sport and recreation tenancies, as well as a new childcare centre. It will also have significantly more car parking.

The refurbishment of Yeronga Village will improve an ageing neighbourhood centre, making it more appealing to customers in the catchment, while providing greater amenity and services to people living in the area, with a greater mix of tenancies.

Market Snapshot – Yeronga

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
$868,125 2.76% 49 $411,500 0.44% 60  High 6,535 36 41.5%

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

 

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