100/35 Morrow Street, Taringa QLD 4068

Rare 2-bed, 2-bath unit in Taringa | Strong rental yield near 6% | Long-term owner occupancy in building at 45% | No flood or bushfire overlay This property sits in the mid-to-upper price band of its building, which is notable because the complex has unusually high long-term owner occupancy — 45% of residents have been there over a decade. That signals a well-managed, stable building that holds value better than high-turnover blocks. For a buyer, the 2-bed, 2-bath configuration with one car space is the most liquid floorplan in the Taringa-Indooroopilly catchment, and the estimated gross yield of roughly 5.7 to 6 percent gives it genuine rental appeal if circumstances change. The property suits an owner-occupier who wants solid resale potential, or an investor seeking reliable income in a suburb with strong schooling demand. The main risk is pricing uncertainty: recent internal sales range from $628,000 to $718,000 for similar units, and the automated estimate of $765,000 sits at the top of that band. A buyer paying near that figure needs to be confident the unit’s condition, aspect, or floor level justifies the premium over unit 90’s $718,000 sale. The absence of flood or bushfire overlays is a positive, but buyers should still check body corporate records for any special levies or upcoming capital works. The opportunity lies in negotiating toward the lower end of the comparable range, particularly if the vendor is motivated. Hold this property for at least five years to benefit from the catchment’s steady demand and the building’s stable tenure profile.