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Buyers Agent Brisbane Insights – What’s happening in Morningside – New gym complex set to go ahead

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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 Morningside.

A gym complex – believed to be Australia’s biggest – is expected to go ahead in Morningside in Brisbane’s southside following the granting of approval this week.

The 5577sq m gym complex will include a 4472sq m TotalFusion gym and 9 Degrees’ 805 square metre indoor bouldering gym.

Situated on the Rivermakers site at Colsmie Road in Morningside, the development has been the subject of a court case, but was granted approval by a judge this month.

The gym will include six studio spaces offering yoga, functional, fusion, cycle, run and reformer classes, as well as a state of the art gym, child minding services and wellness centre.

Market Snapshot – Morningside

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
$900,000 3.7% 202 $510,250 6.62% 304 Good (H) & Very good (U) 10,481 32 48.9%

Source: CoreLogic, ABS 2016 Census, www.dsrdata.com.au

 

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Written by: Vanessa DeGroot

Vanessa has worked in professional roles as a journalist and writer for publications including The Courier-Mail newspaper in Brisbane (reporting on many different rounds including general news and features before moving to commercial property) and national magazine Australian Property Investor, and was a former deputy editor of the same publication.