483/420 Queen Street, Brisbane City QLD 4000
483/420 Queen Street, Brisbane City QLD 4000
This 84-square-metre apartment on the 48th floor of Aurora Tower in Brisbane City offers two bedrooms, two bathrooms, and one parking space. It sits on a 3,080-square-metre block and was last sold in 2011.
A 48th-floor position in a premium tower like Aurora is competitively rare for Brisbane City, providing extraordinary, unobstructed views and a level of privacy not found in lower-floor units. This places the property at the top end of the suburb’s typical stock, which is often mid-to-low rise. The configuration and finishes are described as extraordinary, making it a strong fit for high-net-worth professionals, executives, or investors seeking a luxury CBD address with strong rental demand. The comparable rental signal of $1,000 per week suggests a gross yield in the range of 4.9 to 5.3 percent, which is attractive for a premium unit. This property is best suited to a buyer who values a singular, high-floor living experience over standard CBD offerings.
The price guide of $980,000 to $1,050,000 may be influenced by the unit’s 84-square-metre internal area, which is moderate for a two-bedroom apartment in a premium tower. While the 48th floor is a clear differentiator, reliance on elevators and potential wind noise at that height are factors that could affect daily living and future resale. A comparable unit in the same building sold for $1,085,000 in May 2025, which may provide a reference point, but the current listing’s position and time on market are very fresh. Buyers should weigh the premium for the high floor against the unit’s size and the building’s established status when forming a view on price.
Detailed Independent Property Report prepared by PropCred Analyst team for 483/420 Queen Street, Brisbane City QLD 4000
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
2
Income Risk
2
Execution Risk
2
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Market Insight
Brisbane City is a high-density urban core where demand is driven by investors, first-home buyers, and interstate migrants, all pivoting to the unit market due to affordability pressures. Recent price performance has been exceptionally strong, with units significantly outperforming, supported by a critically tight rental market and severe supply constraints. Future growth is anchored by major infrastructure like the Cross River Rail, though the market remains sensitive to affordability limits and higher borrowing costs.
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PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
1
Land
3080m²
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