Vertical villages will dot Brisbane's newest train line within the next decade, a longstanding real estate agent says.
Moreton Bay Regional Council zoned pockets of land near the recently opened Redcliffe Peninsula line as “Urban” or “Next Generation”, which call for higher density development near public transport, in line with transport oriented development principals
JH Grant Real Estate principal agent Denis Grant said land near the train stations had become “incredibly valuable” and could attract inner city-like highrises.
The commercial and residential towers at Milton Train Station in Brisbane is a prominent example of transport-oriented development.
“We’ll become vertical villages within walking distance of the stations and each will have a different feel to the village.”
Between September 15, 2015 and July 7, 2016 Mr Grant sold four adjoining properties at Anzac Ave, Mango Hill to a group of developers for a collective $26 million.
The value of the land more than doubled in that time, from $112.80 per sq m to a peak of $251.80 per sq m.
Courtesy: Courier Mail