4/155-163 Fryar Road, Eagleby QLD 4207

Mid-range unit in investor-heavy complex | high tenant turnover | strong rental yield | limited configuration upside This unit presents as a functional investment within a building demonstrating robust rental demand and attractive yields, consistently above 5.7%. Its position in the lower-to-mid range of the building’s mix offers a cost-effective entry point into the complex. The property best serves an investor seeking reliable cash flow from a low-maintenance apartment, given the building’s clear profile as rental stock with a high proportion of short-to-medium term occupants. The primary risk is the configuration’s lower appeal within the building, possessing only one car space where two-bedroom competitors often have two, potentially capping capital growth relative to better-appointed units. The high resident turnover, while supporting rental demand, may indicate transient tenancies and higher management overhead. Proceed with an outright buy-and-hold strategy for yield; the unit is not a candidate for value-add renovation given its inherent limitations. Recent sales within the building show significant variance in two-bedroom prices, from $450,000 to $520,000, heavily influenced by parking allocation. The subject unit’s single car space suggests its value sits toward the lower end of this spectrum. This disparity underscores that internal building comparables, not just suburb averages, are critical for accurate pricing.