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Buyers Agent Brisbane Insights – What’s happening in Lutwyche – Two fast food restaurants including Guzman Y Gomez proposed for Lutwyche 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 Lutwyche.

A Guzman Y Gomez is set to open in Lutwyche, in Brisbane’s north.

A development application has been lodged for the fast food restaurant, which would have 230sq m of indoor and outdoor dining space, as well as a drive through, at 555 Lutwyche Road, at the intersection of Chalk Street.

The application also includes a second fast food restaurant on what is currently a vacant site, with 150sq m of gross floor area.

Together the two restaurants would have 23 car parks, and would operate 24 hours, seven days a week.

Market Snapshot – Lutwyche

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
$945,000 6.37% 48 $425,000 0.63% 120 Above average (H & U) 3,454 31 63%

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

 

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