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A GROWING NEIGHBOURHOOD
Located approximately 16km south west of the Brisbane CBD, Pallara is on the cusp of Brisbanes south west urban corridor. An emerging suburb, Pallara is fortunate to be surrounded by good quality, established, family friendly suburbs like Parkinson, Calamvale and Heathwood. With residential land supply nearing exhaustion in these surrounding suburbs, Pallara has become an important infill area and is serving to accommodate local population growth requirements as a modern extension of its neighbouring, quality suburbs.
Spacious 3 bedroom, 2 bathroom home
EDUCATION
There are no less than 19 different schools within a 5km radius of Pallara, including private, public and special needs options. The Pallara State School is one of the newest Independent Public Schools in Brisbane and is situated across the road from the entry of this estate. Pallara is also located within close proximity of 3 different Griffith University campuses located within a 15km radius from the suburb, including the Mount Gravatt, Nathan and Logan campuses.
SHOPPING & RETAIL
The closest neighbourhood centre is just 650m from the estate, offering access to a 7/11 service station, Zaraf-fas Coffee , BWS, Zambero, a local dental clinic and more. Major shopping centres are just 6.5km away at Forest Lakes (including Aldi, Woolworths, Coles and Best & Less). An additional supermarket is proposed to be developed less than 3 kilometres away from the estate, alongside a future industrial business park. There are also a number of even larger retail centres within a 20 minute drive from Prominence Pallara, including the Grand Plaza shopping centre at Browns Plains and Westfield Garden City in Upper Mount Gravatt (7th largest shopping centre in Australia). Just 20 km from Brisbane’s CBD you can find world class shopping, dining and recreational facilities.
HEALTH
Daily health care concerns are well accounted for with access to physiotherapists, dentists, optometrists and podiatrists all found in the local area. For those requiring higher care, there are four hospitals located within a 20 minute drive from Pallara, including the Mater Private Hospital Springfield, Metro South Health, Logan Hospital and Sunnybank Private Hospital.
ACCESSIBILITY
Pallara’s proximity to major motorways plays an integral role in facilitating convenient access to the vast array of educational, employment and health care facilities mentioned above. Pallara is a short drive from the Centenary Motorway which links the suburb to the western side of Brisbane City. Alternatively, at the same junction, a motorist can get on the Logan Motorway which links directly to the M1 heading south to the Gold Coast or merge into the Gateway motorway which goes directly past the international and domestic airports. Beyond the international and domestic airports in the north, motorists can reach the Sunshine Coast without encountering one set of traffic lights once on the motorway.
WHY INVEST IN PALLARA?
Property values throughout Pallara, Parkinson, Calamvale and Heathwood have enjoyed a long history of stable, long term growth. Impressively, the median house price in each of these suburbs combined has not endured any successive periods of decline between 2000 and 2018 and has increased by 238% overall, from $189,900 to $641,500. Whilst there has been a high level of negative media speculation surrounding the property market throughout the country of late, the local catchment has remained stable through a healthy balance between supply and demand that has continued to be underpinned by a diverse labour force, low unemployment rates and strong population growth prospects.
Driven by family households that have been drawn to the increasingly unique prospect of attaining a new home in a mature suburb, the region has experienced a healthy surge in population growth throughout recent years. Between 2006 and 2018, the Primary Catchment’s total population increased by 57%, from 28,834 to 45,341 people. The growth achieved in the Primary Catchment has more than doubled the pace recorded in the broader Brisbane LGA, which saw a 25% increase in population between 2006 and 2018, from 987,831 to 1,231,605 people.
Source: National Property Research Report – June 2019
INFRASTRUCTURE
There is a vast array of major infrastructure projects that are currently planned or under construction throughout the Greater Brisbane, Ipswich and Logan regions. Located on the south-western fringe of Brisbane, Pallara is fortunately well positioned to reap the benefits of the ongoing development activity in each of these areas, including the rapid expansion of Springfield Central and the dynamic evolution of Brisbane City. Whilst infrastructure growth will improve quality of life and liveability at a local and regional level, it will also provide a considerable boost for local em-ployment through the creation of new jobs. As a whole, the total number of employees within Brisbane is expected to increase by 8% in the five years between May 2018 and May 2023, from approximately 690,100 to circa 743,100 workers.
Source: National Property Research Report – June 2019
Local infrastructure investment
- Asahi Beverages Distribution Centre - $72M - 20,000m2 warehouse facility
- Woolworths Brisbane Regional Distribution Centre - completed value of $137 million
- Logan Hospital Expansion – $512 million - 15km from estate, 448-bed facility, estimated to employ approximately 2,000 staff, including 955 nurses, 331 doctors, 244 health professionals, 255 operational officers and 271 managerial and clerical officers.
- Logan Motorway Enhancement Project (LMEP) - $512 million - the completion of the LMEP will mean shorter travel times for Pallara residents to key economic and social hubs.
Please contact Debbie or Alan for more information about this full turnkey, tenant ready package.
Photographs and images are provided as a guide only.
The above information provided has been furnished to us by the vendor/builder/s. We have not verified the accuracy of the information and do not have any belief one way or the other in its accuracy. We do not accept any responsibility to any person or entity for its accuracy and do no more than pass it on. All interested parties should make and rely upon their own inquiries to determine the accuracy of this information.
Property Code: 215
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