2/2 Haymarket Street, Hyde Park QLD 4812

Flood overlay | 59% renters nearby | 88m² lot | 5-day price gap to record | rental yield under 5% net The risk mechanism here is the flood overlay, which narrows the buyer pool and suppresses exit liquidity—expect to hold 7-10 years for a neutral exit. On the opportunity side, the 2020 purchase at $110,000 creates a vendor with meaningful equity, likely motivated to transact below the $339,000 ask by $30,000 to $50,000 given the suburban median of $365,000. This property is a hold, not a flip; internal rate of return hinges on long-term rental income, not capital gains. The 2-bedroom flat is competitively rare in this price band for Hyde Park, where median days on market for units is 8 days and demand thins fast under $350,000. Air conditioning and FTTP support reliable tenancy for a working professional or couple seeking a low-maintenance base near Hermit Park State School. If you can negotiate below $310,000, your buy-in aligns with the valuation floor; book a private viewing to test vendor flexibility and confirm flood insurance premiums before committing.