5/76 Durham Street, St Lucia QLD 4067
5/76 Durham Street, St Lucia QLD 4067
Prime St Lucia unit | dual parking | top school zone | strong rental demand | under offer competition
This two-bedroom apartment at 5/76 Durham Street presents a compelling buying proposition for those prioritising location and long-term value. Its positioning within a small nine-unit complex, built in 2008, offers a quieter living environment compared to larger developments, while the dual parking spaces and generous balcony space are genuinely rare features for this property type in St Lucia. The unit sits within the catchment for Ironside State School and Indooroopilly State High School, which underpins consistent demand from families and investors. The current rental listing at $800 per week, above the suburb median estimate, confirms the strength of tenant demand here, making it particularly suited to an investor seeking a reliable yield or a professional couple planning for future family needs.
The property’s key risk lies in its sale status being listed as under offer, suggesting a transaction may already be in progress, which limits negotiating leverage. However, if this falls through, the lack of recent comparable sales in the building itself creates some valuation uncertainty, though the broader St Lucia market shows rapid turnover at around 14 days, indicating strong buyer appetite. The property’s 2018 sale price of $450,500 highlights significant capital growth, but buyers should verify whether the current estimated value of roughly $950,000 aligns with recent sales of similar two-bedroom units in the immediate area. The absence of flood or bushfire overlays is a genuine advantage for this low-set suburb, and the NBN Hybrid Fibre Coaxial connection provides adequate connectivity without being a primary decision driver.
Detailed Independent Property Report prepared by PropCred Analyst team for 5/76 Durham Street, St Lucia QLD 4067
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
Income Risk
1
Execution Risk
2
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Market Insight
St Lucia is a high-demand, affluent riverside suburb anchored by the University of Queensland, creating a dual market of owner-occupiers and renters. Demand is driven by young professionals, academics, and investors capitalising on the strong student and institutional presence. The housing market exhibits steady growth with premium pricing, while the unit sector shows notably stronger momentum. Future growth is underpinned by its prestigious educational catchment and constrained land supply, though high entry prices and low rental yields present affordability and investment sensitivity risks.
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PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
2
Land
904m²
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