New urban hub underway

 

WOOLLOONGABBA is tipped as the next urban hub to rival New Farm and South Brisbane in the future.
Colliers International residential research director Jonathan Rivera says out of any other suburb in Brisbane Woolloongabba will lead the charge, as the epicentre of inner city residential living over the next 10 years.
“It’s the forgotten area of the inner ring and I expect it will become a hot spot for a new generation of multi-use developments,” says Rivera.
“Despite the doom and gloom in the property market — its one suburb that will shine.”
The real estate agent’s Property Market Overview recorded a median unit price jump for the suburb of 16.6 per cent over the past year and Rivera believes there’s still a long way to go.
“The vision for Woolloongabba is to become a higher density mixed-use community, focusing on pedestrian and public space enhancements,” he says.
“The suburb has recently come under the spotlight of the Urban Land Development Authority – the same Council led team responsible for the rejuvenation of some of Brisbane’s most popular inner city locations, including New Farm, Fortitude Valley and West End.”
Colliers point to major infrastructure developments in the area that will help its transformation, such as the North South Bypass Tunnel, the Eastern Busway, the Boggo Road Urban Village and the Mater Hospital’s Translation Research Institute & Queensland Children’s Hospital.
 

Get our daily business news

Sign up to our free email news updates.

 
Finexia’s Childcare Income Fund secures ‘very strong’ rating from Foresight Analytics & Ratings
Partner Content
Private credit specialist Finexia Financial Group (ASX: FNX) has secured a “very...
Finexia
Advertisement

Related Stories

Macquarie Bank slapped with $10m fine after failing to monitor fraudulent transactions

Macquarie Bank slapped with $10m fine after failing to monitor fraudulent transactions

Financial services giant Macquarie Group's (ASX: MQG) bank...

Tritium charged down as administrators called in

Tritium charged down as administrators called in

Five months after attempting to turn its fortunes through jobs cuts...

Just Wines acquires collapsed spirit subscription service Liquor Loot for $1.2m

Just Wines acquires collapsed spirit subscription service Liquor Loot for $1.2m

Only eight months since rescuing non-alcoholic specialty store Sans...

UniSuper pumps $623m into Macquarie green energy and climate fund

UniSuper pumps $623m into Macquarie green energy and climate fund

One of the nation’s largest super funds, UniSuper, has commit...