5/16-24 Lower Clifton Terrace, Red Hill QLD 4059

5/16-24 Lower Clifton Terrace, Red Hill QLD 4059
2 bed 2 bath 1 car | 89mยฒ boutique apartment | inner city convenience | strong rental demand | no overlays detected This unit offers a well proportioned 2 bed 2 bath layout with parking which is a functional configuration that appeals strongly to both owner occupiers and investors in Red Hill. The building is a smaller 32 lot complex which can mean lower body corporate fees and a more intimate living environment compared to larger towers. Its position near Kelvin Grove Urban Village QUT and the RBWH means it sits in a corridor of consistent demand from professionals and students. The NBN fibre connection and 5G coverage are practical advantages for remote workers or tenants. The estimated value of around $941,000 for a 2 bed unit in this location is a signal worth considering but the true market price will depend on the apartments internal condition floor level and outlook which are not confirmed. A development application for 38 new dwellings nearby may increase local supply and affect future resale competition. The rental estimate of $780 per week for a similar unit in the building suggests a gross yield near 4.3% which is reasonable for inner Brisbane but buyers should verify actual rental data and body corporate fees before forming a final view on value.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 5/16-24 Lower Clifton Terrace, Red Hill QLD 4059
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Market Insight:

Red Hill is a tightly held, owner-occupied suburb with a significant rental cohort, positioning it as a stable, established Brisbane locale. Demand is driven by owner-occupiers and sustained by high rental demand in a low-vacancy environment, underpinned by interstate migration and constrained housing supply. Recent price trends show solid growth, with a competitive market evidenced by rapid sales. Future growth is supported by these persistent demand drivers, though high price points present an affordability constraint and limited new construction continues to pressure existing stock.
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PropCred Estimated Value

Bedrooms

2

Bathroom

2

Parking

1

Land

2293mยฒ

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