JLL & CBRE are pleased to present 16 Machinery Street, Darra to the market for lease.
16 Machinery Street is situated in the Darra industrial precinct approximately 14 radial kilometres South-West of the Brisbane CBD. Machinery Street is located just off the intersection of Centenary Highway and Ipswich Motorway giving the site unrivalled access to the Brisbane and Ipswich CBDs along with the and Logan Motorway corridor.
The size of Richlands is approximately 5 square kilometres. It has 5 parks covering nearly 8% of total area. The population of Richlands in 2011 was 2,077 people. By 2016 the population was 3,606 showing a population growth of 73.6% in the area during that time. The predominant age group in Richlands is 20-29 years. Households in Richlands are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Richlands work in a professional occupation. In 2011, 43.2% of the homes in Richlands were owner-occupied compared with 31.7% in 2016.
Richlands has 2,902 properties. Over the last 5 years, Houses in Richlands have seen a 84.17% increase in median value, while Units have seen a 78.76% increase. As at 31 July 2024:
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