House prices are showing resilience during lockdowns across the east coast, with values going up during the month of July. Despite having the heaviest restrictions for the month, dwelling prices in Sydney increased at one of the highest rates—2 per cent—according to Corelogic. Prices went up an average 1.6 per cent in each capital city,…
‘Adelaide-Style’ Foodie Market Approved for Brisbane
Plans for a vertical village and one of Brisbane’s biggest paddock-to-plate food markets have been given the green light for construction at Lutwyche. Marketplace Developments and Craft’d Grounds co-founder James Rennell, in collaboration with developers Murray and Frank Stafford, engaged architects Conrad Gargett to design Lamington Markets at 612 Lutwyche Road. The $150-million transit-oriented development (TOD) over…
Brisbane Olympics to Push Property Market’s Limits
Brisbane house prices will hit the $1-million median well before the 2032 Olympics with suburbs near venues tipped to move up to $3.9 million. Property projections from PRD Research indicate the median price would reach $1.7 million by 2033 and would be “immensely” boosted on the Gold and Sunshine coasts. PRD chief economist Diaswati Mardiasmo…
‘Sculptural family of towers’ approved in Brisbane
Lamington Markets by Conrad Gargett. Brisbane council has approved a multi-building development which will sit above the Lutwyche busway station and include a “paddock to plate” food market. Designed by Conrad Gargett, the Lamington Markets development at 612 Lutwyche Road will comprise two 12-storey residential towers with more than 134 apartments along with the 4,500…
What the Games Means for Brisbane’s Property Market
With the newly-announced Brisbane Olympic Games some 11 years away, the flow-on effects are likely to be gradual and centred around significant infrastructure upgrades and the associated medium-term uplift in jobs and longer-term improvements in transport efficiency The most significant positive influence on the housing market is likely to be seen in the years leading up to…