102/26 Mollison Street, South Brisbane QLD 4101

2-bed, 2-bath flat with flood overlay | 1,318m² site | 2 secure car spaces | strong rental demand in South Brisbane This property offers a rare configuration advantage within its building: a 2-bedroom, 2-bathroom layout with two secure car spaces on a substantial 1,318m² site, positioning it well above typical unit offerings in South Brisbane. The ducted air conditioning, built-in robes, and dishwasher provide a turnkey standard that suits professional couples or investors targeting the active rental market, where 44% of residents hold tenure under three years. The catchment for Brisbane State High School and West End State School adds long-term demand stability, while the courtyard with full fencing offers a private outdoor space uncommon in apartment living, strengthening the property’s competitive edge. The detected flood overlay is the primary risk, requiring careful assessment of insurance costs and resale liquidity, particularly given South Brisbane’s proximity to the Brisbane River. However, the building’s diverse ownership and recent sales ranging from $685,000 to $845,000 for comparable units indicate a market with upward momentum, with annual growth rates of 4-6%. This creates an opportunity for a buyer to negotiate from a position of informed caution, leveraging the overlay to secure a discount while benefiting from the area’s strong rental yields and school catchment appeal.