5/15 Landsborough Avenue, Scarborough QLD 4020
5/15 Landsborough Avenue, Scarborough QLD 4020
Premium waterfront apartment stock | Resort-grade amenity | Strong downsizer and investor appeal | Scarborough’s newer luxury tier
This unit sits within a contemporary, resort-style waterfront development that stands apart from Scarborough’s older low-rise stock. Its configuration—likely 2–3 bedrooms, two bathrooms, and two secure car spaces—offers the kind of generous floorplan that coastal apartments rarely deliver. The building’s lift access, premium kitchen and bathroom finishes, and resident amenities like the pool, BBQ areas, and landscaped recreation deck position it as a low-maintenance, high-comfort option. That combination serves downsizers seeking lifestyle without upkeep, and professional couples or small families who want bay-adjacent living without compromising on space or parking. The property’s position on Landsborough Avenue places it within walking distance of Scarborough Village’s cafes and foreshore, reinforcing its appeal as a leisure-oriented, lock-and-leave purchase. For buyers prioritising quality over sheer size, this apartment represents the upper tier of what the suburb currently offers.
Value may be shaped by the unit’s exact floor level and aspect, which are not confirmed but could significantly influence outlook and light. Bay-facing or northern orientations in this building tend to command a premium, while lower levels or less open aspects might moderate price expectations. Body corporate fees, estimated around $4,800 annually for comparable units, add an ongoing cost that should be weighed against the amenity provided. Coastal exposure may also imply higher maintenance for external fittings, though the building’s modern construction mitigates this. Flood sensitivity in the broader street is a consideration, though not confirmed for this specific lot. These factors may affect resale liquidity and should inform any offer strategy, but they do not undermine the property’s fundamental strengths.
|| Comparable Sales: 502/77–85 Landsborough Avenue sold $1.59M (3 bed, level 5, east-facing) | Property Price Band: $1.3M–$1.4M | Value Drivers: Floor level and aspect, internal size and layout, premium finishes and dual parking
Detailed Independent Property Report prepared by PropCred Analyst team for 5/15 Landsborough Avenue, Scarborough QLD 4020
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
Income Risk
2
Execution Risk
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Market Insight
Scarborough combines coastal amenity with a demographic anchor of 60-69 year-olds, while a 5.4% population increase and downsizer demand support both houses and units. House prices sit between $1.11 million and $1.2 million, with annual growth of 9.1-18%; units record $900,000-$985,000 medians and 13.2-33.3% growth. Sales velocity is solid: 157 houses and 100 units traded in the past year, and houses sell in 20-63 days depending on size. Gross yields are thin at 3.1-3.3% for houses and 3.7% for units, with median weekly rents of $650-$670 and $600-$620 respectively. High price points and modest yields make the market rate-sensitive, though the coastal lifestyle and steady turnover underpin near-term momentum.
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PropCred Estimated Value
Comparable Sales: 502/77–85 Landsborough Avenue sold $1.59M (3 bed, level 5, east-facing) | Property Price Band: $1.3M–$1.4M | Value Drivers: Floor level and aspect, internal size and layout, premium finishes and dual parking
Bedrooms
3
Bathroom
2
Parking
2
Land
1236m²
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