About two kilometres from the Brisbane CBD, Fortitude Valley has developed into a business district and spectacular entertainment precinct in its own right. As with its neighbouring suburbs “the Valley”, as it is affectionately called, has undergone extensive redevelopment and rejuvenation over the last decade. A mix of commercial and residential properties, much of the business activity around the Valley happens between St Pauls Terrace and McLachlan Street. O
f the residential housing available in the area, new unit and apartment complexes make up the majority, attracting many young singles and couples to the area. There have been healthy unit and townhouse sales over the past six months in the traditional area of Brunswick Street but also in new developments along Robertson Street and in Bowen Terrace as well as the popular Emporium complex on Ann Street. In recent years, old warehouses and commercial sites have been redeveloped into mixed-use buildings catering for apartment living and retail or office space. The highest house sale for the 12 months to the end of March 2009 was $1,950,000 for a unit 102m² on Ann Street, which sold in March 2009.
More than an eclectic mix. Night-life, entertainment and shopping for the adventurous. The Valley has always attracted an eclectic mix of people, which is part of its charm. As the area has matured, it has developed a stunning array of night-life, shopping and restaurants. Being located in the middle of all the action and being well-serviced by public transport is making the Valley more and more attractive to buyers and renters.