21401/28 Merivale Street, South Brisbane QLD 4101

21401/28 Merivale Street, South Brisbane QLD 4101
2 bed 2 bath 1 car at 71m2 | modern 2018 build in South Bank fringe | Brisbane State High catchment | flood overlay present This apartment is competitively positioned as a larger-than-standard two bedroom layout in a modern 2018 build, which is rare in South Brisbane’s compact inner city stock. The 71 square metres provide genuine living space that suits owner occupiers and couples rather than the typical investor grade product, and the resort style amenities like pool gym and spa add lifestyle appeal. Its location on the South Bank fringe gives walkable access to the CBD, cultural precincts and dining, while the Brisbane State High School catchment is a major demand driver for family buyers. This property is best suited to professionals or downsizers wanting modern convenience with room to move, or families prioritising school access without sacrificing inner city living. The flood overlay is the most material factor that may affect value and buyer appetite here, as it introduces both insurance considerations and resale caution for some purchasers. The 2018 build date means the property is relatively new, but the lack of verified floor level or aspect means the view corridor and outlook could significantly influence how this apartment compares to others in the same building. Buyers should weigh the premium amenity and school catchment against the flood risk, and may find that a higher floor or better aspect justifies a stronger price position within the building’s range.
Detailed Independent Property Report prepared  by PropCred Analyst team for 21401/28 Merivale Street, South Brisbane QLD 4101
Checks found:
Value Risk ✓
Liquidity Risk ✓
Planning Risk ✕ 2
Income Risk ✓
Execution Risk ! 1
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Market Insight

South Brisbane is a tightly held inner-city suburb where demand is driven by professionals and investors drawn to its connectivity and urban lifestyle. The market is characterised by strong competition for limited housing stock, with recent price growth reflecting this sustained pressure. Future growth is underpinned by its proximity to major employment hubs and a robust rental market, though affordability constraints and sensitivity to interest rates present ongoing challenges for buyers.
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PropCred Estimated Value

Bedrooms

2

Bathroom

2

Parking

1

Land

1287m²

Research & Review Prepared by Brian Moon, Analyst · Reviewed by Matt Proctor, Principal Analyst
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