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 Upper Mount Gravatt.
Starbucks has been revealed as the third proposed restaurant operator at Westfield Garden City Shopping Centre at Upper Mount Gravatt set to open if approval for three restaurants on a site at 2049 Logan Road is granted by council.
Scentre Limited has applied for a material change of use for the centre, which would involve an extension of the shopping centre with the addition of three standalone food and drink outlets totalling 671sq m in the northeast carpark field that would be delivered in two stages.
Over the past few months, we have brought you news that Slim’s Quality Burgers and Guzman Y Gomez are the first two proposed restaurant operators. The 223sq m Starbucks will be third restaurant and will have a drive through.
This greater amenity will be beneficial for residents in the surrounding growth area if it is approved.
Market Snapshot – Upper Mount Gravatt
| 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 |
| $782,000 | 5.8% | 162 | $424,000 | 8.69% | 103 | Above average (H) & Balanced (U) | 9,241 | 32 | 39.1% |
Source: CoreLogic, ABS 2016 Census, www.dsrdata.com.au
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