102/299 Lygon Street, Brunswick East VIC 3057

2-bed apartment in low-turnover block | Flood overlay flagged | Strong yield potential | Brunswick East’s young professional corridor This unit sits in a ten-unit building with unusually long owner tenure—averaging over six years—which signals a stable, well-managed block and limited supply pressure. The 218m² strata lot is generous for a two-bedroom apartment, offering a configuration edge in a suburb where median unit size is tighter. Positioned on Lygon Street’s commercial spine, it serves the dominant 20–39 age cohort that makes up 72% of Brunswick East’s population, supporting consistent rental demand. The estimated gross yield of around 5.3% at current rent guidance is competitive for inner-north apartments, and the property’s price sits within the range of its 2022 sale, suggesting no speculative froth. This suits an investor seeking stable cash flow or an owner-occupier wanting a long-term hold in a low-turnover building. The flood overlay is the primary risk—it may affect insurance premiums and could temper future capital growth compared to unencumbered stock. Buyers should obtain a flood report and insurer quote before committing. The building’s 60% rental composition is higher than ideal for owner-occupiers seeking full strata control, but it also means rental evidence is robust. With NBN FTTP and 5G coverage, the property supports remote work, a practical edge for the target demographic. Hold this unit for income, not short-term flip; the low turnover and stable pricing history suggest it rewards patience.