809/616 Main Street, Kangaroo Point QLD 4169
809/616 Main Street, Kangaroo Point QLD 4169
Modern 2017 build | High-floor unit in secure complex | Strong rental demand near CBD | Rooftop amenity and parking included
This unit sits in a well-positioned pocket of Kangaroo Point, offering the practical advantages of a contemporary apartment without the compromises often found in older stock. The 2017 construction means modern finishes, efficient layouts, and lower immediate maintenance concerns, which appeals strongly to professionals and investors who want a lock-up-and-leave lifestyle. The building’s secure parking, lift access, intercom, and rooftop entertaining spaces add genuine everyday convenience, while the ground-floor retail and café presence make it a self-contained living option. For a buyer seeking proximity to the CBD, ferry transport, and The Gabba, this unit is competitively placed within the suburb’s newer apartment segment, and its higher-floor position likely provides better light and outlook than lower alternatives.
The unit’s value may be shaped by its exact floor level and orientation, which influence views and natural light, though these remain unverified. Body corporate fees for a building with lifts, rooftop facilities, and commercial tenancies might be higher than in simpler blocks, so those should be weighed against the convenience they provide. Rental demand appears solid, with recent lettings in the complex suggesting steady income potential, though the final yield depends on the purchase price and the specific layout—whether one or two bedrooms—which affects market appeal. The Main Street location may carry some traffic noise, but this is typical for the area and unlikely to deter the target buyer.
|| Comparable Sales: 408/616 Main Street sold as a 2-bed unit; 607/616 Main Street listed at $750 per week rent | Property Price Band: $600,000–$700,000 | Value Drivers: Floor level, layout size, and building amenities
Detailed Independent Property Report prepared by PropCred Analyst team for 809/616 Main Street, Kangaroo Point QLD 4169
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
2
Income Risk
1
Execution Risk
1
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Market Insight
Kangaroo Point is transitioning to a mixed-use urban village, with new river bridges and a 17-storey grocery-anchored project due by 2027. Demand is intense: houses sell in 24 days and units in 22, while vacancy sits at 1%. House prices are conflicting—up 9.4% annually per one source, down 6.87% per another—with current medians ranging $1.22m–$1.805m, reflecting a tightly held market. Units are firmer, with medians around $795k–$840k and 12–16% annual growth. Sales skew heavily to units (99 versus 8 houses), indicating affordability-driven buyer preference. Rental yields remain low for houses at 2.71% but stronger for units at 3.94–4.2%, supporting investor interest. Key constraints are thin housing supply, limited house turnover, and divergent price data pointing to valuation uncertainty.
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PropCred Estimated Value
Comparable Sales: 408/616 Main Street sold as a 2-bed unit; 607/616 Main Street listed at $750 per week rent | Property Price Band: $600,000–$700,000 | Value Drivers: Floor level, layout size, and building amenities
Bedrooms
2
Bathroom
2
Parking
-
Land
1283m²
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