28/15 Goodwin Street, Kangaroo Point QLD 4169
28/15 Goodwin Street, Kangaroo Point QLD 4169
1-bedroom unit, Kangaroo Point | 5.5% rental yield | resort complex | green bridge walkway
This unit presents a rare combination of strong rental yield and lifestyle amenity in a tightly held inner-city pocket. The 50m² floor plan is efficient, not generous, but the resort pool and gym add perceived value that supports premium rent. The green bridge and CityCat access make this a viable option for CBD workers who want space over a studio. Best suited to an investor seeking low-maintenance holding with yield above 3.5% or a first-home buyer trading size for location.
The flood overlay is the primary risk, potentially affecting insurance premiums and resale liquidity. The 2002 build is not new, but the complex management and grounds reduce deferred maintenance risk. The yield at 5.52% is strong for a one-bedroom, and the recent 2023 sale price of $420,000 suggests the current valuation range may be aspirational. Hold for rental income and capital growth tied to Olympic precinct development; do not overpay above $640,000.
Detailed Independent Property Report prepared by PropCred Analyst team for 28/15 Goodwin Street, Kangaroo Point QLD 4169
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
2
Income Risk
1
Execution Risk
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Market Insight
Kangaroo Point is transitioning into a mixed-use urban village, underpinned by strong infrastructure links and upcoming developments. Demand is high, evidenced by rapid sales (24 days for houses) and a critically low 1% rental vacancy, favouring unit buyers. Recent price growth is robust for units (up to 16.4%), though house data is conflicting. Future growth is supported by a positive infrastructure outlook, but a tightly held market and limited supply present key constraints.
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PropCred Estimated Value
Bedrooms
1
Bathroom
1
Parking
1
Land
929m²
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