1203/109 Astor Terrace, Spring Hill QLD 4000

Prime CBD views | no apartment above | short-term rental eligible | tenanted until Sept 2026 | flood overlay present This unit presents a strong investment proposition due to its scarcity and position. The combination of a top-floor aspect with no overhead neighbours, eligibility within a limited short-term rental pool, and a current tenancy provides immediate income and operational flexibility. Its expansive balcony and CBD outlook cater specifically to professionals seeking a premium city lifestyle or an investor targeting the tourism and corporate rental markets. The high proportion of long-term residents in the building suggests a stable ownership base. The primary financial consideration is the flood overlay, which may impact insurance premiums and requires due diligence. However, the recent comparable sales within the building demonstrate robust capital growth, particularly for higher-floor units. Given its superior floor level and views compared to the cited sales, the listed price seeks to capitalise on this premium. Acquire this as a long-term hold to benefit from Olympic precinct proximity and its rare amenity mix, leveraging the existing tenancy for seamless initial yield. Recent sales in the building indicate a clear value premium for higher floors. – Unit 304 (3rd floor): Sold for $630,000, 4.08% annual growth. – Unit 904 (9th floor): Sold for $715,000, 15.90% annual growth. – Unit 1101 (11th floor): Sold for $717,000, 11.09% annual growth. This trajectory supports the valuation premium for the subject 12th-floor unit, with its unrivalled aspect commanding a higher price point.