87/8 Goodwin Street, Kangaroo Point QLD 4169
87/8 Goodwin Street, Kangaroo Point QLD 4169
River-facing 173m² apartment | premium Goodwin Street enclave | oversized owner-occupier layout | flood overlay noted | built 2000
This unit holds a rare position in Kangaroo Point’s apartment market: a genuinely large, river-facing floorplan at 173m², configured as two generous bedrooms and two bathrooms, with secure parking. Most inner-city apartments trade at 80–120m², so this size immediately separates it from standard investor stock. The building’s premium finishes—granite, marble, stainless steel—and resort amenities like an indoor heated pool, gym, and sauna reinforce an owner-occupier character. South-east orientation places the master suite and living areas toward the river, capturing light and outlook. This property suits downsizers or executive couples seeking a lock-and-leave home with genuine space, not a compact rental unit. The precinct’s large-format apartments—156m² to 184m² nearby—confirm this is a deliberate niche, not an anomaly.
The flood overlay is the primary constraint, and it may affect insurance costs or lending appetite for some buyers, though the building’s 2000 construction and elevated riverfront position likely mitigate practical risk. The absence of a stated floor level means view quality and privacy could vary; higher floors typically command a premium. The building’s age—now 25 years—might mean some wear in common areas or systems, though the premium finish level suggests attentive upkeep. Rental demand is strong, with an estimated $2,000 weekly income, which supports a yield near 4% if purchased around the building’s current asking benchmark. Buyers should weigh the size premium against the flood overlay and confirm the exact floor and view corridor during inspection.
Detailed Independent Property Report prepared by PropCred Analyst team for 87/8 Goodwin Street, Kangaroo Point QLD 4169
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
1
Income Risk
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: 89/8 Goodwin Street sold at $1.5M–$1.6M for 179m²; 83/8 Goodwin Street listed near $1.8M for 184m² | Property Price Band: $1.3M–$1.4M | Value Drivers: river aspect, floor level, internal condition, and balcony size
Bedrooms
2
Bathroom
2
Parking
1
Land
1834m²
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