1404/234 Vulture Street, South Brisbane QLD 4101
1404/234 Vulture Street, South Brisbane QLD 4101
2 bed 2 bath secure car | boutique 80-apartment tower | built 2017 | river and CBD outlooks | Brisbane State High catchment
This unit holds a genuine edge in South Brisbane’s apartment market. The building is smaller than most nearby towers, which means fewer neighbours, quieter common areas, and a stronger sense of ownership. The rooftop pool, BBQ, and herb garden are not token inclusions—they are the kind of amenities that justify a premium over older stock. North-facing views across the river toward the CBD and Kangaroo Point are rare for this price point, and the double-glazed windows and ducted air conditioning make the interior comfortable year-round. For a professional couple, a medical worker near the Mater precinct, or a parent prioritising Brisbane State High’s catchment, this configuration works well. The 65 m² floor plan is efficient rather than spacious, so it suits buyers who value location and amenity over square footage.
Value may be shaped by how the market weighs the compact floor plan against the building’s finishes and outlook. Higher floors with unobstructed views typically command a noticeable premium, while lower levels may trade closer to the building’s entry point. Rental demand appears solid, with furnished units attracting strong weekly figures, but that depends on presentation and fitout. The site’s future development context is worth noting—any nearby construction could temporarily affect outlook or noise, though the existing building’s age and quality mitigate long-term risk. Buyers should also consider that the 2/2/1 format is the most liquid configuration in this precinct, which supports resale.
Detailed Independent Property Report prepared by PropCred Analyst team for 1404/234 Vulture Street, South Brisbane QLD 4101
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
2
Income Risk
Execution Risk
1
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Market Insight
South Brisbane’s market is defined by a thin but pricey house segment: median $820,000 with 18.84% annual growth, although an alternative series records $800,000 and -42.9%, a mismatch tied to just 52 sales a year. Units are more consistent, with medians around $730,000–$750,000 and 18.1%–18.7% growth. Demand comes from professionals earning $78k–$130k, drawn by CBD access and transport infrastructure; unit gross rental yields reach 4.96% and vacancy is 1.0%, supporting investor interest. Supply is the key constraint, limiting transaction volumes and intensifying competition. Future appreciation hinges on continued infrastructure delivery and inner-city employment pull, while affordability at roughly $800,000–$820,000 and rate sensitivity remain the principal brakes on buyer participation.
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PropCred Estimated Value
Comparable Sales: 1403/234 Vulture Street sold 2017; 1205/234 Vulture Street recently listed | Property Price Band: $1.5M–$1.6M | Value Drivers: floor level and view quality, building amenity, Brisbane State High catchment
Bedrooms
2
Bathroom
2
Parking
1
Land
931m²
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