28 Merivale Street, South Brisbane QLD 4101
28 Merivale Street, South Brisbane QLD 4101
This unit is a 3-bedroom, 2-bathroom high-rise apartment spanning 182 square metres with two car spaces, located in the Ivy & Eve complex in South Brisbane. Completed in 2018, it sits on a shared 1287-square-metre lot and carries an estimated value of $1,637,000 with a rental potential of $2,000 per week. The property is positioned within a flood overlay zone, area five for the Brisbane River.
A three-bedroom unit of this size is competitively rare in South Brisbane’s high-rise market, where most stock is one or two bedrooms. The internal space rivals that of a freer-standing townhouse, while the two car spaces are a clear advantage in a dense urban setting. Resort-style amenities, including a pool, gym, and outdoor cinema, support a premium lifestyle that appeals strongly to investors seeking a high rental yield near 6.35% and to young professionals or couples who want room to grow without leaving the city centre. Its catchment for Brisbane State High School adds genuine family demand, positioning the property as a versatile option in a walkable, amenity-rich neighbourhood.
The flood overlay may affect insurance premiums and long-term resale appeal, a factor that should be weighed carefully against the property’s strong rental income. High-rise units, even those completed in 2018, might face depreciation over the next decade if common areas are not well maintained, though the current quality of finishes and amenities likely supports value. Buyers may also consider the density of the 30-floor tower, which could limit privacy, but the unit’s internal space and configuration offer a buffer that typical smaller apartments lack.
Detailed Independent Property Report prepared by PropCred Analyst team for 28 Merivale Street, South Brisbane QLD 4101
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
1
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
81m²
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