Smart Buyers Blog

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Brisbane Buyers Agent Insights – What’s happening in Fortitude Valley – Childcare development planned for busy hub

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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 four-storey childcare centre is proposed for 395 St Pauls Terrace, Fortitude Valley.

The development application is seeking council approval for a centre with 623sq m of gross floor area suitable for 110 children, and featuring three open play areas, six activity rooms, covered outside space and 16 car parks.

It would be built on what is currently a car park on the 1,695sq m Fortitude Valley site.

If it goes ahead this development will benefit workers in the area, as well as those living in Fortitude Valley, which has become increasingly dense in recent years.

Ground floor

First floor

Second floor

Third floor

 

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 $400,000 -0.35% 173  Average 6,978 31 74.9%

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

 

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