UPPER Mount Gravatt is revelling in a resurgence with property and infrastructure investment tipping more than $60 million, according to Mosaic Property Group.
The developer hopes to capitalise on the area's growing popularity with the launch of 42-apartment project, Liberty by Mosaic.
Mosaic managing director Brook Monahan says the suburb's proximity to the CBD appeals to young couples, families and downsizing households.
"Upper Mount Gravatt is currently experiencing rapid growth, having been identified as a key area for unemployment in south-east Queensland, forecast to generate around 9000 jobs in retail, government, health and community service sectors," Monahan says.
"Buyers of all ages and demographics seem to be scrambling to get their hands on properties in the area, particularly due to its proximity to the CBD, employment and education facilities, excellent transport networks and retail precincts including the newly refurbished Garden City Shopping Centre."
Monahan says Liberty by Mosaic will feature one, two and three-bedroom apartments that reflect the suburb's idyllic surroundings.
The development is close to a number of amenities, including farmers market, cafes, supermarkets, restaurants and schools.
"Mosaic Property Group prides itself on developing luxurious yet affordable residences in well-placed areas that boast the best facets of city-fringe living, which is why we were attracted to the Mount Gravatt area," he says.
"Brisbane's southern suburbs are set to experience a major property boom, so buyers and investors are urged not to miss the opportunity to secure their personal slice of real estate heaven."
Construction is expected to commence in November.
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