As a top Brisbane buyers agent, we’ve always got our finger on the pulse of the Brisbane property market. Check out what’s happening in Kangaroo Point.
A Woolworths supermarket is planned for Kangaroo Point in Brisbane’s inner east following the recent sale of a vacant 3048sq m site across multiple titles at 25 Ferry Street.
The 1742sq m supermarket will be a first for the suburb, set on a small peninsula, but highly populated with many apartment buildings.
The new amenity – which is much needed in the suburb, which currently has very little – will be part of a bigger mixed-use development proposed for the site by developer Fabcot, with a development application having been lodged.
The wider development will consist of a tower with 62 residential apartments and other retail amenity including food and drink specialty outlets, as well a mezzanine level for office or storage space. The residential tower will have amenities and recreation space for residents including an outdoor gymnasium, pool, lounge, deck and BBQ areas.
Market Snapshot – Kangaroo Point
| Median house price | House average annual price growth | Houses sold over past 12 months | Median Unit price | Unit average annual price growth | Units sold over the past 12 months | Demand level | Population | Median age of residents | % of renters |
| $1.084m | 5.69% | 27 | $466,000 | 0.28% | 198 | High | 8,214 | 34 | 59.7% |
Source: Realestate.com.au, CoreLogic, ABS 2016 Census
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