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Brisbane Buyers Agent Home Buyer Insights – What’s happening in Ipswich – Entertainment company set to occupy space in new precinct

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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 Ipswich.

An entertainment company has signed up to occupy space in the Nicholas Street Venue building in Ipswich, southwest of the Brisbane CBD, which is situated in the Nicholas Street Precinct.

General Public, which operates three outlets in Victoria, intends to open an ‘eatertainery’ covering almost 3000sq m on the ground floor of the building, including state-of-the-art arcade games, 14 tenpin bowling lanes, golf simulators, billiards tables, darts room, event spaces, food and licensed drinking spots.

It is expected the eatertainery will be open by late 2024, and will join other brands in the Nicholas Street Precinct including HOYTS, Gelatissimo, Zambrero, Stellarossa, and Terry White Chemmart,

The Nicholas Street Precinct is touted to become the premier leisure, entertainment and cultural destination in the heart of a revitalised Ipswich Central.

The $71.9 million Nicholas Street Venue building will be Ipswich’s largest entertainment hub, with 12,500 square meters of multiple leisure and hospitality businesses over two levels.

The project will attract more people to the precinct and is a vote of confidence in the area.

Screen Shot 2024 03 24 at 3.44.44 pmNicholas Street Precinct

Market Snapshot – Ipswich

Median house price House annual price growth Houses sold over past 12 months Median Unit price Unit annual price  growth Units sold over the past 12 months Population Median age of residents % of renters
$635,000 23.3% 38 $446,000 16.22% 11 115,913 36 36.6%

Source: CoreLogic, ABS 2021 Census

 

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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.