New urban hub underway

Written on the 17 April 2009

 

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.
 

Latest News

THE STAR'S STUNNING ANSWER TO CROWN'S BARANGAROO

THE Star Entertainment Group (ASX:SGR), not to be outdone by James Packer's Barangaroo development across the ...

BRISBANE COAL TERMINAL REOPENS AFTER SHIPLOADER REPAIR

COAL loading has recommenced at New Hope's (ASX: NHC) Brisbane terminal today after repairs to its ship loader, w...

SUPERYACHTS OFFER UNTAPPED POTENTIAL AT COMMONWEALTH GAMES

SUPERYACHT Australia has devised a strategy to attract more superyachts to Queensland and capitalise on revenue op...

GDP FIGURES A 'WAKEUP CALL' FOR PARLIAMENT

THE GDP figures are an end-of-year wakeup call for Parliament about what lies ahead for the country, according to ...

Related News

HOW MCDONALD'S AUSTRALIA REDISCOVERED ITS INNOVATIVE SPIRIT

MCDONALD'S is such a ubiquitous part of the Australian landscape today that it is easy to forget how it change...

JB HI-FI IS THE GOOD GUY IN $870 MILLION ACQUISITION

ELECTRONICS giant JB Hi-Fi has formally completed its $870 million acquisition of home appliance chain The Good Gu...

ACCC ACTS AGAINST MERITON'S RIGGED REVIEWS

MERITON Property Services is under fire from Australia's main consumer watchdog, after it allegedly engaged in mi...

ACCC FIRES WARNING SHOT TO IVF PROVIDERS

IVF clinics have been put on notice by consumer watchdog, the Australian Competition and Consumer Commission (ACCC...

Contact us

Email News Update Sign Up Contact Details

Subscribe to our mailing list

* indicates required
Email Format

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter