Inner city apartments under $350,000 for the budget-savvy investor
Contrary to popular belief, you don’t have to spend millions to achieve an attractive investment portfolio in the river city.
Brisbane’s apartment boom has meant there are plenty of stylish homes within walking distance of popular city sights, just ripe for rentals, Airbnb or hotel accommodation.
We’ve found five clever little investments perfect for some extra pocket money or for balancing your books – and all for under $350,000.
302/16 Merivale Street, South Brisbane QLD 4101
Spacious and central: 302/16 Merivale Street, South Brisbane.
Price: $330,000+
1 bedroom, 1 bathroom, 1 car space
Agent: Richardson & Wrench South Brisbane, Luke Westmore 0488 660 542
This simple, modern apartment sits right in the heart of South Brisbane, within walking distance of restaurants, bars, cafes, boutiques and the ever-changing Art and Cultural precinct.
It would make a perfect city rental, returning over $450 per week, or a nifty weekend getaway for buyers further afield.
Bright, minimal and with striking views of the surrounding city, the home also offers access to a pool, gym and barbecue area exclusively for residents.
2/21-25 Dudley Street, Highgate Hill QLD 4101
Inner city bargain: 2/21-25 Dudley Street, Highgate Hill.
Price: Offers over $245,000
1 bedroom, 1 bathroom, 1 car space
Agent: LJ Hooker New Farm, Tina Edwards 0418 708 217
This Highgate Hill apartment is already set up as an investment opportunity, as it was rented constantly through Airbnb for the past two years and can offer a new owner existing bookings.
Located in a riverside complex just minutes from West End’s colourful cafe culture, it provides easy access to the city’s attractions through buses and City Cat ferries, making it an attractive holiday destination to short-term renters.
Agent Tina Edwards said the property’s history with Airbnb made it an easy money-maker for investors.
“For an investor looking for a return, it is probably one of the best ones at the moment on the market,” she said.
“It’s been Airbnb’ed by the owner who’s had it for two years now and it’s pretty much positive geared, so it is bringing good returns.
“The fact that it gets booked for Airbnb constantly says something, and they’re people [who] are coming back.”
1708/35 Campbell Street, Bowen Hills QLD 4006
Views for miles: 1708/35 Campbell Street, Bowen Hills.
Price: Offers over $269,000
1 bedroom, 1 bathroom, 1 car space
Agent: Coronis – Kelvin Grove, Rod Podbury 07 3356 0660
This 17th floor apartment boasts panoramic views of the city from chic inner city block, Madison Heights.
Only 2.5 kilometres from the CBD and 1.5 kilometres from Fortitude Valley, the location is convenient, without the noise or congestion of the city on your doorstep.
The home offers rental returns of approximately $470 a week and is eligible for subsidies from the National Rental Affordability Scheme, which definitely sweetens the deal for prospective tenants.
1007 “Mantra on Queen” 570 Queen Street, Brisbane City QLD 4000
In the heart of the CBD: 1007/507 Queen Street, Brisbane.
Price: $275,000
1 bedroom, 1 bathroom
Agent: Mantra Group Realty Pty Ltd, Rob Patis 0400 700 700
It doesn’t get more central than this.
This comfortable apartment is nestled between Ann and Turbot streets in the centre of the city’s retail and corporate precincts.
It offers a few different opportunities as an investment; owners can either let out the unit long-term, or they can take advantage of its position within the Mantra Group to rent the space as hotel accommodation.
Plus, new owners receive a fancy loyalty card when they join the letting pool, which offers heavily discounted prices across the huge range of Mantra Group accommodation throughout Australia, New Zealand and Indonesia.
If you’re a keen traveller seeking a tidy addition to your investment portfolio, this might be an easy and affordable option with some handy perks.
41/89 Scott Road, Herston QLD 4006
Spacious unit: 41/89 Scott Road, Herston.
Price: Offers over $347,000
2 bedroom, 1 bathroom, 1 car space
Agent: Glynis Austin Properties, Glynis Austin 0403 333 013, Josh Sawyer 0414 349 311
This classy two-bedroom home offers a little more space than the typical inner city rental option.
Only three kilometres from the CBD and close to local attractions like the Victoria Park Golf Course, Royal Brisbane Hospital and Kelvin Grove’s Urban Village, it’s an easy investment option with returns of around $365 per week.
Agent Glynis Austin said this type of unit made for a clever investment with plenty of cash flow.
“We generally positively gear them because they do rent very well and particularly this one, given its proximity to the hospital,” she said.
“Two bedrooms, one bathroom is an ideal because it has the ability to appeal to say, two girlfriends or a couple really easily.
“The fact that it’s inner city means that they don’t necessarily have to have cars, they can get transport quite easily to where they need to get to – it’s just really straightforward.”
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