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Buyers Agent Brisbane Home Buyer Insights – What’s happening in Mount Gravatt East – New development with childcare centre and associated commercial space proposed

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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 Mount Gravatt East.

A development application has been lodged for a childcare centre with a space for an additional ‘small scale non-residential use’ such as a shop, healthcare or veterinary service, office and food and drink outlet, for a property in Mount Gravatt East.

The circa 7,000sq m currently-vacant site at 1128 Cavendish Road, next to the Mount Gravatt TAFE Campus and Seton College, would aim to provide a multifunctional service hub to service the local community.

The childcare centre would cater for 226 children with more than 2,000sq m of gross floor area, with four outdoor play areas and 11 activity rooms. It would operate from 6am to 7pm Monday to Friday.

The 216sq m commercial tenancy will operate between the hours of 6am to 9pm Monday to Saturday and 6am to 6pm on Sunday.

The development is designed so that the commercial space would ideally be complementing the childcare centre such as an educational provider, speech pathologist or paediatricians, according to the planners.

The project would have undercroft parking for 61 car parks as well as a RCV loading bay space, and three visitor bicycle parking spaces.

Market Snapshot – Mount Gravatt East

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
$950,000 0.26% 146 $530,000 3.41% 85 12,428 35 37.6%

Source: CoreLogic, ABS 2021 Census

 

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