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Buyers Agent Brisbane Buyer Insights – What’s happening in Woolloongabba – New cycle bridge to add to Brisbane’s commuter bike network

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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 Woolloongabba.

The Queensland Government has announced it will build a $14.5 million velobridge for cyclists at Woolloongabba to add to the city’s commuter bike network.

The proposed bridge, which would separate riders and pedestrians from the road and make travel quicker and safer, would be built over the O’Keefe Street intersection at Woolloongabba near the Buranda train station and link two sections of the existing Veloway.

Construction is expected to start in early 2022, with completion likely in the following year, if the project goes ahead.

Community consultation is currently being carried out, with feedback to be provided by May 28.

 

Market Snapshot – Woolloongabba

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
$870,000 2.79% 43 $415,000 0.17% 57  Above average (H & U) 5,631 30 63.2%

Source: CoreLogic, ABS 2016 Census, www.dsrdata.com.au

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