309/82 Alfred Street, Fortitude Valley QLD 4006

| 2-bed unit | rising market | 50% rentals | no flood risk | narrow internal space | This unit sits in a market with 92% auction clearance and 17 median days on market, which compresses the buyer’s timeline and inflates competition. The 96m² internal area limits future resale appeal to investors or first-time buyers, not upgraders, and the 50% rental mix in the building may signal weaker owner-occupier demand. The price midpoint of $895,000 against a $740,000 suburb median for 2-bed units suggests a premium that must be justified by the building’s location or finishes, yet the sales history shows a $415,000 gain since 2023—a fast lift that may not repeat. If held for rental income, the $740 weekly midpoint yields about 4.3% gross, which is acceptable but not standout; the property works best for a buyer who plans to occupy or hold for 5+ years rather than flip. The building’s fibre connectivity and lack of flood or heritage overlays reduce maintenance surprises, but these are baseline features in this precinct. What strengthens the buying case is the school catchment for Fortitude Valley State Secondary College within walking distance—rare in a high-density area—and the renter-heavy demographic (78% overall) that supports consistent tenant demand if you later lease it. The 117-unit scale means strata levies may rise as the building ages, but the 50% owner-occupancy suggests some board stability. This unit suits a professional or couple who value walkable access to the Valley and Brisbane’s growth corridor, and who can absorb the premium by using it as a long-term base or steady rental. To secure it before clearance rates tighten, your next step is to compare it against the seven recent building sales and get a building inspection for common area condition.