301/137 Landsborough Avenue, Scarborough QLD 4020

Premium third-level waterfront | 182sqm generous floorplan | 95% owner-occupier building | strong school catchment | Scarborough’s tight supply This property’s competitive edge lies in its size and building quality. At 182sqm on the third level with two dedicated car spaces, it offers a rare configuration that stands apart from the typical compact apartment. The 95% owner-occupier ratio signals a stable, well-maintained building where residents take pride in their homes—this directly reduces the risk of special levies or management issues. For a buyer seeking a genuine waterfront residence that functions as a full-time home rather than a weekend retreat, this unit positions well. The catchment proximity to Southern Cross Catholic College and Scarborough State School makes it suitable for families wanting lock-and-leave convenience without sacrificing space. The primary risk is the price point: recent sales history shows a jump from $899,000 in 2020 to an estimated $1.78m, meaning the buyer is paying for significant capital growth already realised. With the local median for three-bedroom units at $1.3m and 67 days average on market, this property sits at a premium that may take longer to exit. However, the low building turnover of only three recent sales and the scarcity of large waterfront units in Scarborough suggest limited future supply competition. The buyer should hold this as a long-term primary residence or high-end rental, not a quick flip.