810/18 Duke Street, Kangaroo Point QLD 4169

2 bed 2 bath 86sqm | 85% owner occupancy | strong recent building sales | auction 28 May This unit at 18 Duke Street presents a rare combination of scale and owner-occupier density in Kangaroo Point. With 85% owner occupancy and 54% of residents holding for 6-10 years, the building signals stability and neighbour quality that rent-heavy towers lack. The 86sqm floorplate is generous for a two-bedroom unit, and recent comparable sales within the building show consistent capital growth, particularly the 602 sale at 7.89% annualised growth over two years. This property suits a buyer seeking a long-term hold in a precinct with strong primary school catchment access and low days on market for the suburb. The primary risk is the auction format in a market with a 59% clearance rate, meaning a disciplined pre-auction strategy is essential. The building’s 126 properties and 11 recent sales suggest reasonable liquidity, but the 2015 last sale date indicates the vendor may have held through a flat period. The 38/62 gender split in the suburb reflects a professional skew, which supports stable rental demand if needed. For a buyer prepared to bid decisively, the combination of building quality, tenure profile and school proximity offers a defensible entry point in a well-located pocket.