505/17 Gibbon Street, Woolloongabba QLD 4102

2-bed in a flood-clear zone | growth corridor catching up | below-median rentals vs 1.1M+ price | entry into a premium suburb with compromises The property carries two structural risks: the rental yield sits at roughly 3.8-4%, which in a rising-rate environment puts downward pressure on capital growth if you need to sell within five years, and the floor area discrepancy (93-97m²) signals a possible measurement or title issue that can affect future lending valuations. The opportunity is clear—Woolloongabba is Brisbane’s most active urban renewal corridor, with hospital and education anchor tenants that ensure consistent tenant demand. This is a hold property, not a flip. What makes this unit competitively rare is the combination of 2017 construction and dual bathrooms in a suburb where older stock dominates; the study nook and generous balcony tilt it toward professional couples or medical staff who value functional space over square meter bragging rights. It serves best a buyer who plans to live in it for three years then lease it out, or an investor who can stomach a moderate yield for exposure to the Gabba stadium infrastructure pipeline. Comparable sales in the complex show two-bed units trading between $1.05M and $1.12M over the past twelve months, making the current listing range credible at the upper end. The property sits at the high side of that band, so you are paying for position, not bargain. Book a building inspection and a title search before your next conversation—the floor area variance needs confirmation from the body corporate, and the zoning overlay for future height limits in this block will tell you whether the tower beside you becomes a problem or an amenity.