16/2 Gailey Road, St Lucia QLD 4067

1 bed, 1 bath, 1 car | flood overlay noted | 62-67 m² compact floorplan | pool and secure parking | investor and entry-level appeal This unit is competitively positioned as a standard entry-level apartment within an established St Lucia complex, offering a 1-bedroom, 1-bathroom, and 1-car configuration with a balcony, air conditioning, and an in-ground pool. Its compact floorplan is typical for investor and first-home buyer stock in the suburb, and the inclusion of secure parking and built-in robes lifts it above basic student housing. The property serves best an investor seeking reliable rental demand or an owner-occupier wanting low-maintenance living near the university and good school catchments. The flood overlay may materially affect the property’s value and sale price, as it places the unit in a constrained sub-market compared to non-flood-affected apartments in St Lucia. This factor might temper long-term capital growth and could influence buyer demand toward value-aware purchasers. The recent sale at $532,500 and estimated rent of $540 per week suggest a gross yield near 4.7%, but the flood risk should be weighed carefully when forming a view on price.