8/184 Herston Road, Herston QLD 4006
8/184 Herston Road, Herston QLD 4006
This is a 2-bedroom, 1-bathroom unit with one covered parking space, built in the 1970s on a 1,748 m² block. It is currently vacant with a modern kitchen, built-in appliances, and a light-filled interior. The property is positioned directly across from Queensland University of Technology and within walking distance to Royal Brisbane and Women’s Hospital.
What makes this property competitively strong is its location directly opposite QUT and its proximity to RBWH, which creates a consistent and high rental demand from students, university staff, and healthcare professionals. The covered parking is a rare find in this urban setting, adding practical value that many nearby units lack. The unit’s open-plan layout and modern finishes make it appealing for professionals seeking a low-maintenance home close to the city. In the suburb, this property sits in a high-density corridor where convenience is the primary driver, and its configuration as a two-bedder with parking positions it well for both owner-occupiers and investors.
The building’s age from the 1970s might mean future maintenance or upgrade costs, though the sinking fund of approximately $160,000 suggests some provision has been made. Body corporate fees of $4,372.50 per year are relatively high and could affect net yield for an investor. The property is currently vacant, which may indicate a need for immediate tenant placement or a short holding period. While the location is a clear advantage, the lack of recent comparable sales within the complex itself means price formation may rely on broader market signals rather than direct evidence.
Detailed Independent Property Report prepared by PropCred Analyst team for 8/184 Herston Road, Herston QLD 4006
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
1
Income Risk
Execution Risk
2
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Market Insight
Herston is a high-value inner-city suburb anchored by a young professional demographic, driving demand for its premium housing. This affluent cohort has fueled exceptional recent capital growth, particularly for houses, though the market exhibits a clear divergence with units offering more accessible entry points and solid rental yields. Current conditions reveal a nuanced picture, with houses taking significantly longer to sell than the state average, indicating a potential shift in momentum and a market where buyer urgency has eased, presenting a key consideration for prospective investment.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
1714m²
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