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Buyers Agent Brisbane Buyer Insights – What’s happening in Mount Ommaney – Shopping centre extended for new Cotton On Mega store

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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 Mount Ommaney.

Mount Ommaney shopping centre, in Brisbane’s southwest, has been given council approval for an extension.

The centre, at 171 Dandenong Road in Mount Ommaney, will amalgamate three existing tenancies totalling 332sq m and will extend its building by 326sq m to accommodate a large new retail tenancy, notably a Cotton On Mega store.

The store will include Cotton On, Cotton On Kids, Body, and Rubi, and is expected to open later this year, in time for Christmas, with construction to start soon.

The extensions to the shopping centre will involve only minor additions into the adjoining hardstand area at the back of the existing tenancies, which is currently used as a loading dock.

The new retail store is indicated in grey.

The new retail tenancy is shown above.

Market Snapshot – Mount Ommaney

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
$1.050,000 2.83% 31 N/A N/A N/A  Balanced (H & U) 2,360 47 13.1%

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

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