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Annerley – A suburb beginning to grow

IT IS a suburb with all the elements for growth – but so far the surge of new apartment activity in Brisbane’s inner south has been a slow trickle in Annerley.

Two new apartment projects are set to start construction in the first quarter of 2016, but reports by advisory firm Urbis found the suburb had a limited supply of new product.

The Annerley catchment (comprised of Annerley, Fairfield and Greenslopes) is part of the Inner South – Brisbane’s most active apartment market – yet only two of the region’s 49 projects monitored by Urbis in the September quarter of 2015 were recorded in the Annerley area.


EKIBIN-FOYER-HR

An Urbis Outlook Annerley report found Annerley catchment had all three fundamentals that make a sustainable suburb – population, infrastructure and employment – and as an inner city area is a natural extension of Brisbane’s urban expansion.

It’s also an area with 53.8 per cent of the population choosing to rent, an increasing number of gen Y residents, and more than a third of residents employed as professionals.

EKIBIN-BEDROOM-HR-goodsky

Aspect on Ekibin is set to start construction in early 2016, with 25 one and two-bedroom apartments over three storeys.

Josh Pagotto from LJ Hooker Development Services is marketing the GW Construction project, and said Aspect, as well as the suburb, were a good fit for owner occupiers.

CUTAWAY-HR_kitchen dining

“The (retail) strip contains so many hidden gems … it is a nice up-and-coming area, and untouched. The growth hasn’t been there as yet, but it’s just starting to kick along, so a good time to invest,” he said.

“I think it’s going to stay that leafy sort of area. There are a lot of pre-war houses in there.”

Apartments at Aspect on Ekibin start from $339,000.

Source: Courier Mail

January 17th, 2016 3:30pm

JANE PINDER

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