702/70 Mary Street, Brisbane City QLD 4000

1-bedroom Brisbane CBD unit | strong rental yield potential | flood overlay risk | stable long-term tenant mix This unit at 70 Mary Street offers a compelling proposition for an investor seeking a Brisbane CBD foothold with proven rental performance. The building’s tenant profile shows unusual stability, with nearly a third of residents staying over a decade, signalling strong liveability and low turnover costs. Comparable units demonstrate rental yields between 5.75% and 7.34%, placing this property well above many inner-city apartments. The 74m² floorplan is generous for a one-bedroom, and the 2008 build avoids the quality concerns of older stock. This property best suits a buyer prioritising cash flow over speculative capital gain, particularly one comfortable with a flood overlay location. The flood overlay is the primary risk, potentially affecting insurance costs and resale liquidity in a downturn. However, the building’s consistent sales range of $510,000 to $686,000 suggests the market has already priced this in. The valuation spread between sources indicates current uncertainty, which a buyer can use to negotiate. FTTP and 5G connectivity add modest appeal for remote workers. The opportunity lies in acquiring at the lower end of the valuation range, securing a unit with demonstrated rental demand and a tenant base that stays, reducing vacancy risk in a softening market.