913/45 Wellington Road, East Brisbane QLD 4169
913/45 Wellington Road, East Brisbane QLD 4169
Top-floor rarity | side-by-side double parking | 74sqm including 14sqm balcony | walkable to Gabba and future Cross River Rail.
This unitโs competitive edge lies in its top-floor position and two secure side-by-side car spacesโuncommon for a one-bedroom, which strengthens appeal for owner-occupiers or tenants with a vehicle. The 74sqm total area, with a separate laundry and generous balcony, offers genuine livability above typical apartment stock. It suits a professional or investor seeking inner-city convenience with building amenities like rooftop pool and onsite management, in a precinct with long-term growth tied to the 2032 Olympics and Cross River Rail.
The main risk is the body corporate levy at $871 per quarter, which eats into net yieldโcurrently estimated at 3.5% based on $645 weekly rent. The price per square metre at $10,676 sits at the higher end for the building, so buyers should negotiate firmly given recent comparable sales between $615,000 and $770,000. No flood or bushfire overlay reduces insurance risk. Hold for capital growth as infrastructure completes, or rent immediately given vacancy and strong local demand.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 913/45 Wellington Road, East Brisbane QLD 4169
Market Insight:
East Brisbane presents a premium, high-growth residential market, with its detached housing segment demonstrating exceptional capital appreciation, significantly outpacing the unit market. This robust demand, reflected in swift sales, is anchored in the suburb’s established character and proximity to the city. While houses offer strong growth, units provide comparatively higher rental yields, indicating a diverse investment profile. Future performance will hinge on broader economic conditions and the sustained appeal of its prime location, though limited sales volume suggests a tightly held market that can amplify price movements.