1502/17 Deshon Street, Woolloongabba QLD 4102

15th floor contemporary unit | 2019 build | flood overlay | young professional precinct | high growth suburb This unit’s competitive strength lies in its modern 2019 construction and 15th-floor positioning within a high-growth inner-city precinct, offering a scarcity premium over lower-level and older stock. It aligns precisely with the suburb’s dominant 20-29-year-old demographic, serving young professionals seeking contemporary living with parking, which underpins solid rental demand and capital growth exposure. The configuration is typical for new builds, but the aspect provides a tangible view advantage. The primary risk mechanism is the identified flood overlay, which imposes insurance costs and potential future resale friction. The absence of bushfire or heritage overlays is a positive. This property is best held as a long-term rental, leveraging the strong suburb growth trajectory for appreciation while the modern build minimizes near-term maintenance. The decision hinges on accepting the flood risk for access to a newer unit in a vibrant, supply-constrained location. Recent sales data is limited, but the last known sale of this unit was in December 2016 for $612,500. A comparable unit in the same building, 1509/17 Deshon Street, is noted off-market with an estimated value of $688k. This sparse data suggests significant equity growth since the last transaction, though precise benchmarking is constrained. The suburb’s reported 96.35% unit price growth over five years provides the broader value context, indicating a robust market tailwind.