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 Upper Mount Gravatt.
A Guzman Y Gomez restaurant with drive through could open at Westfield Garden City Shopping Centre at Upper Mount Gravatt if a development application for three restaurants on a site at 2049 Logan Road is approved.
Scentre Limited has made an application for a material change of use for the centre, which would involve an extension of the shopping centre with the addition of three standalone food and drink outlets totalling 671sq m in the northeast carpark field that would be delivered in two stages.
Earlier this month we reported that a Slim’s Quality Burger restaurant of 238sq m was proposed for the same site as the 210 sq m Guzman Y Gomez, with both being part of the first stage of the proposed extension.
A third building of 238sq m is proposed to be constructed in the second stage, which will house a third restaurant.
Market Snapshot – Upper Mount Gravatt
|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|
|$782,000||5.8%||162||$424,000||8.69%||103||Above average (H) & Balanced (U)||9,241||32||39.1%|
Source: CoreLogic, ABS 2016 Census, www.dsrdata.com.au
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