702/6 Land Street Toowong QLD 4066

702/6 Land Street Toowong QLD 4066
2 bed apartment in prime Toowong spot |Recent $450k sale |Est $785k value |$695pw rental yield|This 2-bedroom apartment with 73mΒ² internal area on a 1920mΒ² strata lot suits professionals or couples seeking low-maintenance living near schools and city access. The unit delivers practical space for everyday needs, complete with air conditioning, balcony, secure parking, and access to building gym and pool. Sitting in a larger complex on Land Street, it benefits from a quiet position while close to Toowong’s transport and amenities, though a flood overlay warrants buyer caution. Properties like this typically draw young professionals or investors eyeing steady rental returns around $695 weekly. In the local market, similar 2-bedroom apartments have shown resilience, with values climbing post the unit’s $450,000 sale in May 2023 to current estimates near $785,000. Its school catchments for Toowong State and Indooroopilly High add appeal for downsizers with families. Long-term, the NBN fibre and 5G coverage support remote work lifestyles, bolstering holding value amid Toowong’s inner-west demand. Recent leasing at competitive rates underscores reliable income potential without the upkeep of houses. Overall, it positions well for buyers prioritising convenience over expansion space.

Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ 

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Market Insight:

Strong demand in Toowong stems from inner-city convenience, upgraded transport links, the riverside redevelopment, and proximity to the University of Queensland, all appealing to professionals, students, and downsizers. Buyers cite lifestyle convenience, solid rental yields, and relative scarcity of walkable, waterfront stock as reasons to secure property here, particularly where new apartments are being snapped up. Risks include affordability stretching local buyers and the possibility of short-term oversupply from new builds, yet the precinct revitalisation and transport upgrades continue to underpin growth, with prices trending modestly higher over the past six months.
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PropCred Estimated Value

Bedrooms

2

Bathroom

1

Parking

1

Land

73mΒ²

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