205/5 Waterloo Street, East Brisbane QLD 4169

3-bedroom Amira apartment | 98sqm internal | Raymond Park frontage | 2.5km to CBD | 2022 last sale This property offers a rare configuration in a sought-after East Brisbane building. The three-bedroom layout with two bathrooms and a separate study area provides genuine family functionality within a 98sqm footprint, which is competitively spacious for the area. The Moroccan-inspired building with rooftop amenities and direct park frontage creates a lifestyle advantage that typically commands a premium over standard high-rise stock. The property serves best for professional couples or small families seeking a lock-and-leave residence with strong rental appeal, given the 60% tenant mix in the building and proximity to The Gabba and upcoming Cross River Rail. The primary risk is the 60% rental demographic, which can affect owner-occupier sentiment and capital growth consistency compared to predominantly owner-occupied buildings. The 2022 purchase price may not reflect current market softening in the apartment sector, so buyers should verify recent comparable sales within the complex. The 83sqm floor area versus 98sqm internal suggests balcony space, which adds lifestyle value but not proportional resale uplift. Opportunity lies in the building’s low turnover and long-term resident base, indicating stable management and maintenance standards. The property should be held for medium-term capital growth, with rental yield supporting holding costs.