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Brisbane and interstate investors drawn to up-and-coming King Street precinct

King Street is an up-and-coming area which is becoming a dining destination. “It’s turned out to be very good. It’s got a nice feel and a nice vibe,” she says. Welcome to Bowen Hills food truck stop. Photo: Supplied “Everyone’s a bit gobsmacked. They say, ‘isn’t it fantastic what’s gone in and what’s still to come?’ “ The King Street boom has clearly drawn attention from investors. Domain Group data scientist Dr Nicola Powell says 80 per cent of the homes in Bowen Hills are leased, signalling an active investment market. “That is a huge proportion,” she says. “There is obviously a high demand for rental accommodation within that area.”   The Yards comprises 401 one and two-bedroom apartments. Photo: Jared Vethaak According to Domain Group figures, the median price for a unit in Bowen Hills has grown more than 10 per cent in the last five years, about double the rate of Fortitude Valley. Powell says King Street is likely to benefit from its proximity to the Valley, as well as Brisbane’s CBD.

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