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Brisbane Buyers Agent Home Buyer Insights – What’s happening in Annerley – Proposed mixed-use development for Ipswich 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 Annerley.

A prominent location at Annerley could become home to a new mixed-use development including shops and office space, as well as a childcare centre, is a development application is approved.

The five-storey building would have frontage to Ipswich Road, Palmerston Street and Young Street, and would replace an existing car wash, two retail stores and commercial buildings currently on the site.

The new development would include 140 car parks.

The site of the proposed development is close to the Buranda precinct, as well as The Gabba and the Princess Alexandra Hospital.

The development would help to gentrify the area, while providing improved amenity.

309 311 Ipswich Road 36 Palmerston St 38 Palmerston Annerley 6

309 311 Ipswich Road 36 Palmerston St 38 Palmerston St Annerley 12 696x514 1


Market Snapshot – Annerley

Median house price House annual price growth Houses sold over past 12 months Median Unit price Unit annual price  growth Units sold over the past 12 months Population Median age of residents % of renters
$1,170,000 40.96% 121 $480,000 17.07% 162 11,891 33 54.2%

Source: CoreLogic, ABS 2021 Census


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