43/45 Deakin Street Kangaroo Point QLD 4169
43/45 Deakin Street Kangaroo Point QLD 4169
Elevated river views|Oversized balcony|Built 2000 value $1.07m|Recent sale $545k in 2021 | This two-bedroom unit on a 120m² lot in the Myora complex suits professionals or downsizers drawn to inner-city convenience with balcony living. Perched on the fourth level, it delivers practical space through generous open-plan areas and an expansive entertainer’s balcony that sets it apart from typical units, fostering relaxed indoor-outdoor flow. The easterly aspect captures city skyline and distant water glimpses, enhancing daily livability without the maintenance of a house. Within its well-maintained complex on a tightly held street, the unit benefits from secure parking and separation of bedrooms, appealing to those prioritising privacy in a multi-unit setting. Buyers like young couples or investors target these for their renovation potential, as the functional kitchen and liveable layout offer clear paths to add value. Similar two-bedroom units in the area have shown steady appreciation, with this one’s last sale at $545,000 in 2021 reflecting solid post-build growth amid rising local demand. Its position avoids flood or bushfire risks, while school catchments add family crossover appeal for renters yielding around $780 weekly. Long-term, the blue-chip location and rare balcony size underpin holding value, as inner-city scarcity drives consistent performer status for established apartments like this one. Market positioning remains strong for live-in or yield-focused owners eyeing gradual updates.
Detailed Independent Property Report prepared by PropCred Analyst team for 43/45 Deakin Street Kangaroo Point QLD 4169
Checks found:
Value Risk
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2
Liquidity Risk
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1
Planning Risk
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1
Income Risk
✓
Execution Risk
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2
Insight: 43/45 Deakin Street Kangaroo Point QLD 4169
Kangaroo Points riverside address, bridge access and apartment stock keep demand buoyant, reflected in the 11.1% annual rise to an $800k median unit price and 324 settled in the past year, while buyers continue to chase the 26-day market pace. Over the past six months prices have broadly stayed firm, with unit momentum offsetting a flat house segment that is hamstrung by just five listings and a 4.8% yearly lift, suggesting further upside will hinge on fresh supply. Rental growth near double digits on houses and units, coupled with a 4.2% unit yield, highlights income opportunity but also flags that the premium1.9% yield for houses and sub-$740 weekly rentscarries the risk of softer demand if the market cools.