15/368 Bowen Terrace, New Farm QLD 4005

2-bedroom unit | New Farm fringe | off-market | multi-unit building | walk to city This off-market two-bedder in a small New Farm block offers a rare entry point into a tightly held suburb where median prices are elevated. The configuration suits a buyer seeking a functional floorplan without premium space, and the building’s mixed recent sales—including a 65% capital gain on a smaller unit—signal solid demand for this location. It best serves an owner-occupier or investor prioritising suburb access over building amenity, as the unit lacks standout features but sits in a growth corridor. The primary risk is the absence of recent comparable sales for unit 15, making valuation uncertain and financing potentially tighter. Limited parking and no strata details add buyer diligence costs. The opportunity lies in negotiating from a position of low competition, given the off-market status. Hold for medium-term capital growth driven by New Farm’s desirability, or use as a steady rental with modest yield expectations.