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Brisbane Buyers Agent Insights – What’s happening in Coorparoo – Two fast food outlets approved for a major road

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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 Coorparoo.

Two fast food outlets are set to open in Coorparoo after a development application by Collins Food was approved for a site at 208 Old Cleveland Road.

A KFC and Taco Bell will occupy the site, with a combined gross floor area of 400sq m, with KFC being 225sq m and Taco Bell 175sq m. The development will also have 21 car parks.

The site used to be home to Coorparoo Central, which had a mix of shops and food and beverage outlets, until it was demolished in 2018 after a fire. The site is currently vacant except for an existing undercroft car park, which will be removed and filled.

The development will provide more amenity for residents on a previously underused site.

Market Snapshot – Coorparoo

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
$1,060,000 4.99% 231 $420,000 1.42% 271 Good (H & U) 16,282 34 44.3%

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

 

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