Smart Buyers Blog

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Brisbane Buyers Agent First Home Buyer Insights – What’s happening in Lota – New childcare centre to provide greater amenity

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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 Lota.

A two-storey childcare centre is proposed for 215 Whites Road in Lota, a coastal suburb in Brisbane’s east.

A development application has been lodged for a house on the 1,930sq m site to be demolished and a childcare centre built it its place, catering to 109 children.

The centre would have 871sq m of gross floor area with six activity rooms, 774sq m of play area with three outdoor play areas and significant landscaping of 433.75sq m, equating to 22.4% of the site.

It would also have 22 car parks and would operate from 6am to 7pm.

If it goes ahead this would provide greater amenity in the area, including first home buyers with young families.

Site plan

Market Snapshot – Lota

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
$690,000 3.92% 61 N/A N/A N/A  Good (H & U) 3,256 41 25.4%

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

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