1/549 Brunswick Street, New Farm QLD 4005

Art Deco studio unit | 38m² Merillon complex | New Farm fringe | Heritage overlay | Tight floorplan The property offers a rare entry point into New Farm’s Art Deco stock at a sub-$600,000 price point, which is unusual for the suburb. The 38m² footprint and single-bedroom configuration limit appeal to investors or downsizers seeking low-maintenance inner-city living, but the open-plan layout and timber floors mitigate the small size. The heritage overlay protects the building’s character but restricts alterations, which stabilises long-term value. This unit suits a buyer prioritising walkability to Brunswick Street, the river, and transport over internal space. The heritage overlay is the primary constraint, as any renovation requires council approval and likely limits scope for value-add through extensions or modernisation. The compact floorplan also reduces rental upside, though current yields near 6% are competitive for New Farm. The buyer should treat this as a hold for steady rental income or as a pied-à-terre, not as a renovation project.