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 Bowen Hills.
A four tower medical precinct is planned for a new business park near the Inner City Bypass in Bowen Hills on the fringes of the Brisbane CBD.
A development application has been lodged for the 12,611sq m site between 12 and 16 Thompson Street, for one 14-storey tower and three 8-storey towers with the development providing 800sq m of green area with a rooftop garden, solar panels and charging stations for electric cars.
The private development is said to be aiming to provide public benefit in the post-coronavirus recovery, by providing health services, construction and employment. Greater amenity – particularly medical amenity in the post COVID world – is a good thing for residents and will benefit the residents of Bowen Hills and surrounds, as long as traffic is managed well.
Market Snapshot – Bowen Hills
| 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 |
| N/A | N/A | N/A | $396,750 | -0.23% | 62 | High | 3,266 | 30 | 80.1% |
Source: Realestate.com.au, CoreLogic, ABS 2016 Census
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