502/62 Logan Road, Woolloongabba QLD 4102

502/62 Logan Road, Woolloongabba QLD 4102
2 bed 2 bath 1 car | The Drapery high-rise | flood overlay recorded | strong rental demand | premium amenity stack This unit sits in a polished tower that is noticeably above typical Woolloongabba apartment stock. The configuration is well suited to professional couples, downsizers, and investors, with two full bathrooms, secure parking, and a building amenity package that includes rooftop pools, gym, theatre, and concierge-level management. The address benefits from inner-city proximity, busway connectivity, and the future train station, which supports longstanding demand from CBD workers and medical precinct employees. Premium finishes such as high ceilings, double glazing, and ducted air conditioning are expected in this building, so the unit competes strongly on build quality and lifestyle convenience rather than simply on price. It is a low-maintenance property that should appeal to buyers wanting lock-up-and-leave living without sacrificing space or design. The recorded flood overlay may affect insurance costs and could be a consideration for lenders or cautious buyers, though the impact depends on the tower’s floor level and building mitigation measures. The unit’s specific orientation and outlook might influence perceived value, particularly if it faces noisier Logan Road rather than a quieter side. Market demand for larger apartments in this building appears durable, but pricing will be shaped by internal presentation, floor position, and how current stock compares. Buyers should weigh the premium body corporate fees typical of high-amenity towers against the convenience and rental depth offered here.
Detailed Independent Property Report prepared  by PropCred Analyst team for 502/62 Logan Road, Woolloongabba QLD 4102
Checks found:
Value Risk 2
Liquidity Risk
Planning Risk 2
Income Risk 2
Execution Risk ! 1
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Market Insight

Woolloongabba is an inner-Brisbane market underpinned by the Gabba precinct and strong transport links via Logan Road, trains, and buses. Professional households, with a mix of families and single occupants, drive demand due to proximity to the CBD and employment hubs. House prices have grown 15–16.7% annually to a median of $1.525 million, selling in a median 24 days on volumes of 45–53 per year. Units rose 13–15% to $730,000–$750,000, supported by high turnover of 194 sales and a gross yield near 5%, versus 2.7–3.1% for houses. Unit rents hold at $720 weekly; house rents range $725–$790. Ongoing Gabba precinct infrastructure improvements are a future growth driver. Constraints include affordability limits at the top end, constrained supply, and rate sensitivity in a premium price segment.
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PropCred Estimated Value

Comparable Sales: 904/62 Logan Road sold $875,000; 1502/62 Logan Road sold $880,000 | Property Price Band: $850K–$950K | Value Drivers: building finish quality, layout efficiency, floor level and outlook

Bedrooms

2

Bathroom

2

Parking

1

Land

2034m²

Research & Review Prepared by Brian Moon, Analyst · Reviewed by Matt Proctor, Principal Analyst
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