72/86-124 Ogden Street, Townsville City QLD 4810
72/86-124 Ogden Street, Townsville City QLD 4810
1-bed secure CBD unit | full amenity tower with pool and tennis | strong rental demand | older stock with renovation upside | city-view potential
This unit is positioned within a secure complex that is known for a full amenity package rarely found in entry-level CBD stock. The one-bedroom layout is a standard offering in the building, with most lots featuring air-conditioning, a balcony and undercover parking. Its central location is a significant advantage, placing the waterfront, stadium and dining options within walking distance. The property is best suited to an investor targeting steady rental returns or a professional seeking a low-maintenance city base.
The value of this unit may be materially influenced by its floor level and orientation, as higher floors often command better views of the city or Ross Creek. Renovation condition might also drive price, with upgraded kitchens and bathrooms adding a premium over original finishes. The presentation of common areas could affect buyer perception, though the existing amenities provide a solid baseline.
Detailed Independent Property Report prepared by PropCred Analyst team for 72/86-124 Ogden Street, Townsville City QLD 4810
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
Income Risk
Execution Risk
2
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Market Insight
Townsville City is a compact 2.0 sq km market with 9 parks and a young professional skew; the largest cohort is 20-29 year-olds, and households are primarily childless couples with mortgages. Owner-occupiers make up 41.3% of homes, while 36.6% are rentals. Price data is split: houses range from $525,000 with -4.55% annual growth to $920,000 with 17.1% growth, while units sit around $476,000 with 10-12% growth. Market conditions remain tight, with only 45 house sales in the year, 36 days on market, and a 0.91% vacancy rate. Tight supply and firm rental demand are the key growth drivers: house rents of $622-625 weekly, units $520-570, with gross yields of 4.15-5.04%. Forward supply is constrained after approvals fell almost 45% from 2021-2024, though 423 approvals from July 2025 to January 2026 signal rebuilding. Key risks are conflicting pricing benchmarks and a thin sales base, which amplify valuation uncertainty.
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PropCred Estimated Value
Comparable Sales: 22/86-124 Ogden Street sold $245,000 in 2024 | Listed Price Band: $250K–$350K | Value Indicator: renovation condition, floor level, outlook.
Bedrooms
3
Bathroom
2
Parking
2
Land
1368m²
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