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$50 Million Makeover Planned for Brookside Shopping Centre

Brookside Shopping Centre has announced that further works are set to begin as part of a $50 million makeover, with the central cross road of the shopping centre poised to become a revitalised hub and food precinct for shoppers.

These works are in conjunction with the opening of Target, Cotton On Mega and Sportsgirl, prior to Christmas this year.

Brookside has commenced construction work, to give the 46-year-old shopping centre a modern makeover including façade upgrades, contemporary interiors and tenancy remixing, in line with existing and emerging customer needs and expectations.

The centre court area will be transformed into a food and meeting hub with casual dining and communal spaces. The look and feel of the interiors will be warm and inviting, emulating the Queenslander style that is so prominent within homes in the Mitchelton / Brookside trade area.

These works also involve building in the large void currently in centre court, to create more floor space to increase the food offer available.

Centre Manager, Mr Russell Shaw said that “The planning for this $50 million makeover was inspired by the aspirations of our customers whilst still maintaining the convenience and intimacy that Brookside has long established.”

“As well as the families in the trade area, the customer base also includes a very loyal older demographic and young, vibrant singles and couples moving into the area. Creating a retail offer and community space that connects and resonates with our customers’ needs and wants will be key in making this a project a success.”

Mr Shaw said that with the introduction of Cotton On Mega, together with Sportsgirl, Target, and the new centre court food hub, that Brookside Shopping Centre was well positioned to attract additional key retail offers, incremental customer patronage and future growth.

The Buchan Group were appointed to design the shopping centre makeover – the same architects who designed the newly refurbished Toowong Village, Wintergarden and Robina Town Centre. Building companies Broad and Mettle are jointly undertaking the construction project.

The Shopping Centre will remain open during the construction and refurbishments, reassuring disruption to shoppers and retailers will be minimised.

For updates visit their Facebook page or visit the centre.

Source: Brookside Shopping Centre Press Release.

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Should You Keep Or Sell Your Property Located in a Gentrifying Suburb?

Should You Keep Or Sell Your Property Located in a Gentrifying Suburb

Predicting the next suburb to turn from bogan to batch-brew has long been a sure-fire investment strategy. We ask, what are the cues for selling your property located in a gentrifying suburb?

Hipster’ suburbs such as Brunswick and Fitzroy in Melbourne and Darlinghurst in Sydney have well and truly gentrified. So, will your suburb be next? And if so, should you keep your property or sell?

5 signs that your suburb is gentrifying:

1. A coffee shop influx. Put it this way, baristas won’t survive unless they’re in an area where there are youthful, suit-wearing locals. Small, hole-in-the-wall coffee shops offering a ‘black’ or ‘green’ latte have hipster written all over it.

2. Art. These days, industrial, arty, graffiti-filled streets are all the hype.

3. Old warehouse buildings revamped into shared office space.

4. Small dogs. Sausage dogs and French bulldogs in particular.

5. Old warehouse buildings revamped into shared office space.

So, should you sell your property now or wait?

Should You Keep Or Sell Your Property Located in a Gentrifying Suburb

If you’re ready to move on, and your property is in the heart of a suburb on the verge of booming, choosing to sell now could be the best decision. However be careful, your suburb may be ‘hip and happening’, but if your property isn’t close to a busy strip, public transport or arterial roads, it might be worth holding onto for now – at least until your suburb is further developed. If you’re not already renting your property out, perhaps consider doing so – young professionals will pay big bucks to live amongst a gentrifying suburb.

It’s a great idea to start by chatting to your local real estate agent. If you’re unsure of whether to sell now, a good agent will be able to give you the low down on local properties similar to yours and an indication of whether now is the right time to sell. We know that Justin Hicks is the most Hip Real Estate agent is this area so he will be able to give you the good oil on what happening in this area.

You can contact Justin at 0422 292 268

Gaythorne – A suburb on the move

Gaythorne_Railway_Station

Gaythorne_Railway_Station

House prices rise 26.6%

Home values in Gaythorne increased by more than any other suburb within the North-West region in the past 12 months, with the suburb now recording a solid median house price of $785,000.

New figures from Core-Logic reveal the median house price jumped 26.6 percent in the 12 months to the end of February, and 16.2 percent during the past quarter.

Eatons Hill also recorded strong median house price growth in the past 12 months, up 10 percent to $616,000. Other strong performers were Alderley, where the median house price increased 9.6 percent to $789,000 Keperra, up 8.9 percent to $520,000 and Enoggera, up 8.3 percent to $682,500.

In the three months to the end of February, Keperra median house prices rose 16.2 percent to $785,000, followed by Ferny Grove, up 2.4 percent to $563,000, Upper Kedron (+2.1 percent, to $625,000) and Arana Hills (+1.9 percent to $530,000).

A Real estate saleswoman said convenient locations and the number of older timber houses with potential to be converted into four or five-bedroom properties were a big drawcard for both Gaythorne and Keperra. " The younger ones are loving the timber homes.

The unit market within the area did not fare as strongly in the past year, with median unit prices increasing in only three suburbs during the period.

Ferny Grove had the strongest result, with its median unit price up by 14.3 percent during the quarter, and 11.9 percent for the year $403,000.

Enoggera's median unit price increased by 2.4 percent in the past 12 months to $407,500, and Mitchelton's median unit price was up by 2.1 percent for the year to $439,000.

 

Source: Quest News