902/111 Quay Street, Brisbane City QLD 4000
902/111 Quay Street, Brisbane City QLD 4000
City views | secure car space | building tenure mix | rare balcony | vacant possession
This unit’s competitive edge lies in its private balcony with direct city views and a secure car space, features that are increasingly scarce in the building and the broader Brisbane City apartment market. The open-plan layout and modern inclusions make it immediately liveable for an owner-occupier seeking low-maintenance urban convenience. For an investor, the building’s tenure profile—where nearly a third of owners have held for over a decade—signals stable long-term occupancy and limited speculative churn, which supports consistent rental demand. The property is best suited to a professional buyer wanting a lock-and-leave city base or a yield-focused investor targeting the 5–7.5% gross return range seen in comparable one-bedroom units here.
The primary risk is the asking price, which sits well above the building’s recent one-bedroom sales of $458k–$610k, and the body corporate fees of nearly $4,700 per annum that compress net yield. However, the vacant possession timeline allows immediate occupancy or tenancy without delay, and the NBN Fibre to the Building and 5G coverage add practical appeal for remote workers. The opportunity is to negotiate toward the $610k–$650k range, aligning with the February 2026 sale of unit 901, which shares the same configuration. Hold this property as a medium-term owner-occupier or rent it for cash flow, then reassess when building sales data catches up to current asking levels.
Detailed Independent Property Report prepared by PropCred Analyst team for 902/111 Quay Street, Brisbane City QLD 4000
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
2
Income Risk
2
Execution Risk
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Market Insight
Brisbane City is a high-density urban core where demand is driven by investors, first-home buyers, and interstate migrants, all pivoting to the unit market due to affordability pressures. Recent price performance has been exceptionally strong, with units significantly outperforming, supported by a critically tight rental market and severe supply constraints. Future growth is anchored by major infrastructure like the Cross River Rail, though the market remains sensitive to affordability limits and higher borrowing costs.
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PropCred Estimated Value
Bedrooms
1
Bathroom
1
Parking
1
Land
954m²
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