30/161 Main Street, Kangaroo Point QLD 4169
30/161 Main Street, Kangaroo Point QLD 4169
Unit 30/161 Main Street | Likely 2-bed layout | Resort pool and gym | River-adjacent lifestyle | Flood zone check
The unit is believed to form part of an established mid-rise complex that is known for its shared amenities. A site area of approximately 2,262 square metres is provided for the scheme, and the typical configuration is thought to include two bedrooms, one bathroom, and one car space, with larger three-bedroom versions also available. Dual balconies and cross-breezes are featured in several units, which is considered a valuable design trait for inner-city living. The location is seen as a primary strength, as the property sits within walking distance of the ferry, the boardwalk, and the CBD. The complex is understood to offer pool, gym, spa, and secure parking, all of which are appreciated by buyers in this market. It is recommended for executives, couples, and investors who prioritise convenience over space.
The exact floor level and aspect of unit 30 are not confirmed, which might affect how the property is valued. The building’s age may require attention to strata levies, and the area’s flood planning status could be a consideration for insurance or financing. These factors might moderate buyer enthusiasm, but they are not expected to overpower the strong demand for well-located apartments. A review of the body corporate records is advised before any commitment is made.
>>Comparable Sales: 15/161 Main Street (2-bed) sold at $780,000; 55/161 Main Street (3-bed) sold at $1,450,000 | Property Price Band: $800,000 to $900,000 | Value Drivers: layout, balcony aspect, building amenities
Detailed Independent Property Report prepared by PropCred Analyst team for 30/161 Main Street, Kangaroo Point QLD 4169
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
1
Income Risk
2
Execution Risk
1
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Market Insight
Kangaroo Point is transitioning to a mixed-use urban village, with new river bridges and a 17-storey grocery-anchored project due by 2027. Demand is intense: houses sell in 24 days and units in 22, while vacancy sits at 1%. House prices are conflicting-up 9.4% annually per one source, down 6.87% per another-with current medians ranging $1.22m–$1.805m, reflecting a tightly held market. Units are firmer, with medians around $795k–$840k and 12–16% annual growth. Sales skew heavily to units (99 versus 8 houses), indicating affordability-driven buyer preference. Rental yields remain low for houses at 2.71% but stronger for units at 3.94–4.2%, supporting investor interest. Key constraints are thin housing supply, limited house turnover, and divergent price data pointing to valuation uncertainty.
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PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
1
Land
4021m²
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