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Buyers Agent Brisbane Insights – What’s happening in Fortitude Valley – Proposed roastery to be an added drawcard

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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 Fortitude Valley.

A café and coffee house – or boutique ‘roastery’ – is proposed for an empty space in Fortitude Valley.

A development application has been submitted for the property at 628 Wickham Street by specialty coffee roasters Foster and Black, which already have shopfronts in Chermside, the Brisbane CBD, Carindale, Garden City, Coomera and Broadbeach Waters,

The development proposal seeks to undertake alternations inside as well as outside the two-storey building, with the first floor to be used for storage.

Fortitude Valley already has a great deal of amenity, but this roastery would add to what’s on offer, and be a drawcard for residents in the suburb and surrounds.

 

Market Snapshot – Fortitude Valley

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
N/A N/A N/A $385,000 -0.36% 171  Average 6,978 31 74.9%

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

 

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