BUYERS SHIFT FOCUS TO UPPER MOUNT GRAVATT

Written on the 13 August 2015

BUYERS SHIFT FOCUS TO UPPER MOUNT GRAVATT

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.

 


Latest News

CROMWELL TRADES STEADILY IN FIRST HALF

CROMWELL Property Group has maintained a steady operating profit at $0.045 per security in the first half of FY17,...

WHY NEXTDC'S STOCK IS SOARING

AFTER posting its interim result, NEXTDC (ASX: NXT) gained more than 12 per cent on the stock market before noon.
...

PWR PROFIT CRASHES AS DOLLAR RISES AND COSTS MOUNT

A RISING Aussie dollar has offset PWR Holdings Limited's (ASX:PWH) overseas growth in the last half, forcing a...

SUPER RETAIL GROUP RESULTS SHINE ACROSS THE BOARD

A WELL-planned and executed half has paid off for Super Retail Group (ASX:SUL) as it posts a net profit result up ...

Related News

EVERYTHING YOU NEED TO KNOW ABOUT THE NATIONAL BROADBAND NETWORK

THE National Broadband Network (NBN) is more than an internet connection, it is an opportunity to transform your b...

WHY EMPLOYEE-OWNED COMPANIES ARE BEATING ASX200 SHARE PRICES

EMPLOYEE-owned companies command a higher share price than their publicly listed peers, reaping a 17 per cent prem...

RISE OF THE MACHINES HAS WORKERS SWEATING

UP TO 3.8 million Australian workers are fearful their job may soon be terminated by a robot, a new survey has shown....

LESS TALK, MORE SMALL BUSINESS ACTION IN 2017

THE future growth and prosperity of Australian SMEs could be undermined if governments lose sight of the sector...

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter