Brisbane Buyers Agency

Brisbane buyer agent market insights – North Lakes Town Centre given the go ahead

We’re keeping you up to date with the latest development plans in Brisbane. Here is what’s proposed for North Lakes

A $180m hotel and lifestyle hub has been given the green light at North Lakes.

The 25,000sq m North Lakes Town Centre project, to be undertaken by Comiskey Group, which is behind the likes of the Eatons Hill Hotel and Sandstone Point Hotel, will involve a nine-storey, 144-room five-star hotel and dining and entertainment precinct including a 2,000sq m signature Comiskey Group hospitality venue.

Dubbed a mini James Street, it will occupy a 1.72 hectare site in North Lakes, on which work is expected to start soon.

The project is designed to be somewhere people want to spend time, and will new amenity will benefit residents in the surrounding area.

 

Market Snapshot – North Lakes

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 homes rented
$1,030,000 14.44% 349 $788,000 26.59% 65 23,030 35 37.3%

Source: CoreLogic, ABS 2021 Census

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