1/128 River Terrace, Kangaroo Point QLD 4169

Full-floor near-new apartment | 265 m² with four bedrooms | Panoramic city and river outlook | Boutique five-residence building | Owner-occupier focused with low rental yield This apartment is competitively rare because it offers a full-floor layout with four bedrooms and around 265 square metres, which is materially larger and more private than typical Kangaroo Point stock. The building has only five residences, so the sense of exclusivity and the shared rooftop terrace and infinity pool are genuine advantages rather than marketing gloss. The panoramic outlook over the Botanical Gardens, Story Bridge, and CBD skyline is a strong and defensible value driver, especially given the near-new construction quality and floor-to-ceiling glass. This property serves best an affluent owner-occupier, downsizer, or city professional who wants house-like space without a land footprint and values privacy, views, and immediate access to the river and CBD. The sale price of $3.25 million may reflect a premium for the full-floor configuration and boutique building scale, but the implied rental yield around 1.5 percent suggests this is not a yield-driven investment. The property’s value may be influenced by how comparable full-floor apartments in similar boutique buildings trade over time, as there are very few direct comparables in the immediate precinct. The absence of flood or bushfire overlays is a positive, but the inner-city location means exposure to traffic and event activity is a real consideration. Buyers should weigh whether the premium for near-new condition and views is justified by their own use case, rather than relying on broader market trends.