28/26 Holland Street, Toowong QLD 4066

Penthouse rarity | 328sqm city-view apartment | Toowong’s largest | Auction 6 June This property presents a rare opportunity to secure one of Toowong’s largest apartments, with its penthouse status and sweeping city views creating a strong competitive edge in a market where such configurations are seldom available. The substantial internal area of 328 square metres, combined with two secure parking spaces and building amenities including a pool and gym, positions it as a premium residence suited to downsizers or professionals seeking a low-maintenance lifestyle without compromising on space. Its proximity to Toowong’s retail hub, transport, and the University of Queensland further underpins demand, making it a compelling proposition for buyers prioritising location and exclusivity. The primary risk lies in the auction guide of $2.9 million, which sits notably above AI-modelled valuations and recent comparable sales in the area, suggesting a potential premium for the penthouse designation that may not fully align with market evidence. This delta could constrain resale value in the short term, though the property’s scarcity and size offer a buffer against depreciation. For a buyer, the opportunity is to negotiate from a position informed by these comparables, aiming to secure the property closer to the mid-$2 million range. If acquired at a disciplined price, this unit can serve as a long-term hold, capitalising on Toowong’s steady rental demand and capital growth trajectory, or as a primary residence offering exceptional amenity with minimal upkeep.