1007/66 Manning Street, South Brisbane QLD 4101

10th floor 2-bedder | prime school catchments | flood overlay present | recent comps below guide This unit presents a strong positional offering for an owner-occupier or long-term investor, defined by its efficient layout and exceptional proximity to top-tier public schools. The configuration is competitive within the building’s stock, and the high floor capitalises on the inner-city location. It best serves a buyer prioritising educational access and modern conveniences over lot size, with a holding profile suited to weathering market cycles rather than seeking quick turnover. The primary risk is price validation, with recent building sales for two-bedroom units concluding significantly below current estimates, suggesting a potential premium in the asking price. The flood overlay is a perpetual risk factor that impacts insurance and liquidity. Acquire only at a price that acknowledges this comp discrepancy, positioning it as a yield-supported, long-hold property in a high-demand rental corridor. The current yield range offers reasonable coverage, making it a viable, if cautiously priced, investment. Recent sales within the building provide critical context: – 117/66 Manning St: 2b/2b/1p sold for $650,000 (7-year hold) – 707/66 Manning St: 2b/2b/1p sold for $645,000 (2-year hold) – 121/66 Manning St: 1b/1b/1p sold for $620,000 These transactions, particularly the two-bedroom sales between $645k and $650k, establish a clear benchmark that challenges the higher estimated values for the subject property. This compression indicates buyers should rigorously test the vendor’s pricing expectations against this recent market evidence.