2510/3 Gibbon Street, Woolloongabba QLD 4102
2510/3 Gibbon Street, Woolloongabba QLD 4102
2 bed 2 bath 1 car | high-floor modern apartment | city-view potential | strong owner-occupier demand | mixed-use precinct
This unit sits in a well-finished, mid-2010s tower within a dense inner-city pocket where apartment supply is plentiful but quality varies. The 2/2/1 layout is the most sought-after configuration here—it balances space, a second bathroom, and secure parking, which appeals directly to professionals and downsizers wanting low-maintenance living near the CBD, transport, and The Gabba. The building’s rooftop terrace, pool, gym, and secure lift access add genuine lifestyle value, and comparable units on upper floors command a clear premium for daylight and city outlooks. This property serves best as a long-term owner-occupied residence or a solid rental holding, given the area’s consistent demand from tenants who prioritise walkability and amenity over space.
Value may be shaped by the exact floor level and aspect, which are not yet confirmed—higher floors with north or city-facing orientation could justify a meaningful uplift, while lower or shaded positions might compare less favourably against similar stock. The building’s mixed-use setting brings convenience but also potential noise and traffic, which could temper appeal for some buyers. Internal condition and fit-out quality, including stone benchtops, gas cooking, and ducted air-conditioning, will likely hold value well, though any wear in a high-turnover tower should be assessed carefully. The recent sale of a same-format unit in the building at $1.06M suggests strong price support, but competition from newer nearby developments may cap aggressive growth.
Detailed Independent Property Report prepared by PropCred Analyst team for 2510/3 Gibbon Street, Woolloongabba QLD 4102
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
1
Income Risk
Execution Risk
1
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Market Insight
Woolloongabba is an inner-Brisbane market underpinned by the Gabba precinct and strong transport links via Logan Road, trains, and buses. Professional households, with a mix of families and single occupants, drive demand due to proximity to the CBD and employment hubs. House prices have grown 15–16.7% annually to a median of $1.525 million, selling in a median 24 days on volumes of 45–53 per year. Units rose 13–15% to $730,000–$750,000, supported by high turnover of 194 sales and a gross yield near 5%, versus 2.7–3.1% for houses. Unit rents hold at $720 weekly; house rents range $725–$790. Ongoing Gabba precinct infrastructure improvements are a future growth driver. Constraints include affordability limits at the top end, constrained supply, and rate sensitivity in a premium price segment.
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PropCred Estimated Value
Comparable Sales: 2606/3 Gibbon St sold $1.06M; 2505/3 Gibbon St sold $640K | Property Price Band: $900K–$1.0M | Value Drivers: floor level, aspect, internal condition, building amenity
Bedrooms
2
Bathroom
2
Parking
1
Land
94m²
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