809/275 Wickham Street, Fortitude Valley QLD 4006
809/275 Wickham Street, Fortitude Valley QLD 4006
2-bed, 2-bath unit | 92% clearance in building | 16-day average market time | 65% owner-occupier ratio | rooftop city views
This unit sits in a building with a 92% auction clearance rate and a 16-day average selling period, indicating strong buyer demand and low holding risk for a purchaser. The 65% owner-occupier ratio is unusually high for an inner-city tower and signals a stable, well-maintained building that supports capital preservation. The rooftop terrace and gym are functional differentiators for the target demographic of young professionals, who make up 57% of residents. For a buyer seeking a low-vacancy, high-turnover rental in a precinct with immediate lifestyle access, this configuration offers a yield between 5.44% and 5.86%, which is competitive for the suburb.
The primary risk is the transient tenancy pattern, with 37% of residents staying under three years, meaning regular reletting costs and potential vacancy between leases. The building’s 307 units create supply competition within the complex, which can cap rental growth. However, the 13 recent rentals and 92% clearance rate demonstrate consistent absorption. The commercial opportunity is to target the professional tenant pool with a slightly above-market finish, justifying the $725–$750 weekly range. Hold this property as a core inner-city rental with a five-year horizon, relying on location demand rather than speculative uplift.
Detailed Independent Property Report prepared by PropCred Analyst team for 809/275 Wickham Street, Fortitude Valley QLD 4006
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
1
Income Risk
1
Execution Risk
2
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Market Insight
Fortitude Valley is a vibrant, inner-city suburb where proximity to the CBD and a dynamic entertainment scene drive strong demand, particularly from young professionals and students. The market is characterised by robust unit sales and rapid turnover, with median days on market under 30 days. Recent data shows significant price growth for units, exceeding 20% annually, while house supply is notably constrained with minimal annual sales. Future growth is underpinned by urban renewal projects, though the limited house stock and reliance on a specific renter demographic present key market constraints.
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PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
1
Land
82m²
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