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Buyers Agent Brisbane First Home Buyer Insights – What’s happening in Bellbowrie – Proposed renovation to existing shopping centre to benefit shoppers

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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 Bellbowrie.

A proposal has been put forward to refurbish the Bellbowrie Shopping Plaza, while elevating the car park, to improve the customer experience and amenity and provide direct access from the retail centre to the car park.

If the development is approved, the renovation of the property at 37 Birkin Road in Bellbowrie would see its internal size reduced by 189 sq m.

The shopping centre site was mooted to possibly be replaced with a new high school, but if the refurbishments go ahead it’s unlikely that would happen.

The centre has had only a few retail tenants occupying it since a new shopping centre opened down the road last year at Moggill called Moggill Village.

The shopping centre layout internally

The car park elevation

Market Snapshot – Bellbowrie

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
$729,990 2.77% 109 N/A N/A N/A Very good (H) & Above Average (U) 5,462 40 14.9%

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

 

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