36/89 Scott Road, Herston QLD 4006

36/89 Scott Road, Herston QLD 4006
2-bed 1-bath 1-car unit | Kelvin Grove State College catchment | 1990s low-rise with loft layouts | walkable to QUT and hospital | tied to professional renter demand This property is positioned in a quiet inner-city pocket as a generously sized apartment within a low-rise complex from the 1990s, offering a configuration that suits owner-occupiers seeking space and proximity to major employment and education hubs. It is served by the Kelvin Grove State College catchment, a known draw for families, and is tied to strong rental demand from professionals and hospital staff. The unit is best suited to buyers wanting a lock-and-leave lifestyle without sacrificing access to the CBD, QUT, or the Royal Brisbane and Women’s Hospital. The complex’s loft-style layouts and secure parking add practical appeal, making this more than a standard investor flat. The building’s 1990s age may affect ongoing maintenance expectations, while the bushfire overlay might influence insurance premiums. Value is likely to be driven by the specific floor level and aspect, neither of which is confirmed, and by the quality of internal finishes compared with similar units in the complex. Presentation and layout will be critical, as pricing in this pocket can vary materially with condition and configuration. >> Comparable Sales: 46/87-89 Scott Road sold $557,500; 32/87-89 Scott Road sold $419.5k | Property Price Band: $800k–$900k | Value Drivers: layout, condition, presentation
Detailed Independent Property Report prepared  by PropCred Analyst team for 36/89 Scott Road, Herston QLD 4006
Checks found:
Value Risk ✓
Liquidity Risk ✓
Planning Risk ! 1
Income Risk ! 1
Execution Risk ! 1
WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat

Market Insight

Herston is an inner-city pocket where demand is driven by young, high-income professionals-a cohort with strong earning capacity. House prices have surged roughly 46% annually to about $1.9 million, reflecting intense competition despite a thin sales volume of just 12–13 transactions. Units are softer, with a median of $781,000 and 18.1% growth, while gross rental yields sit at 4.1%. Yet liquidity is a concern: houses took 87 days to sell against a Queensland average of 50, and one demand-to-supply gauge flags a disaster zone with sellers expecting price falls. That tension-rapid price appreciation juxtaposed with deteriorating selling conditions-merits close scrutiny.
WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat

PropCred Estimated Value

Bedrooms

2

Bathroom

1

Parking

1

Land

89m²

Research & Review Prepared by Brian Moon, Analyst · Reviewed by Matt Proctor, Principal Analyst
WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat