OFF MARKET

2402/79 Albert Street
Brisbane City QLD 4000

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 61m2
Land area: 76m2
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Last updated 11 Nov 2024
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Property Details for 2402/79 Albert St, Brisbane City

2402/79 Albert St, Brisbane City is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2003. The property has a land size of 76m2 and floor size of 61m2. While the property is not currently for sale or for rent, it was last sold in March 2022.

Building Type
Unit
Year Built
2003
Floor Size
61m2
Land Size
76m2
Local Government
Brisbane
Lot/Plan
2402/SP139730

Last Listing description (May 2022)

This well designed Sunny and Bright Northeast-facing apartment offers convenient city living on the 24th floor of the popular River City Apartments. Situated in the centre of the CBD and surrounded by the much-anticipated multi-billion dollar infrastructure projects such as Queen's Wharf Precinct and the New Albert Station, this property a perfect home for the working professional or a stand out opportunity for investors looking for high returns and long term capital growth.

Only 1 minute walking distance to the new Albert Street Station, which will provide rail services to the southern end of the CBD for the first time, opening up opportunities for employment, business, education, and entertainment. It will be the first new inner-city train station in 120 years with over 67,000 passengers projected every day. Link - https://www.crossriverrail.qld.gov.au/info/#new-stations-top

Only 3 minutes walking distance to The Queen's Wharf Brisbane precinct, which will be a unique and vibrant new world city development featuring a boutique underground shopping centre, first-class casino, new public recreational facilities, pedestrian bridge to South Bank and river boardwalks.

Link - https://brisbanedevelopment.com/queens-wharf-precinct/

Do not pass this one up before inspecting - The seller is motivated to sell and move on!

*Photos are indicative of the actual apartment!
*Updated photos of the actual apartment coming soon!

Property Features:
-Stylish main bedroom with built-in wardrobe & balcony access
-Spacious second bedroom with built-in wardrobe
-Modern well-appointed bathroom
-One car secure car space C.154 on Level 4
-Great sized entertaining balcony with unparalleled city views
-Modern open plan living
-Stunning kitchen with stone benchtops and gas cooking
-European stainless steel appliances/dishwasher
-Total living of 77sqm approximately (internal area 66sqm and external balcony 11sqm) on level 24
-Rental potential of $460 to $480 per week unfurnished and $500 to $520 per week fully furnished to long term tenant
-Option to purchase the existing furniture in the apartment
-River City facilities include a pool, spa, sauna, gymnasium and entertaining deck with BBQ area. The perfect central location is just minutes away from all that the vibrant CBD has to offer with Queen St Mall just 200m away.

VIEW THIS LINK TO SEE HOW BRISBANE'S SKYLINE WILL BE TRANSFORMED BY 2022
http://www.brisbanetimes.com.au/queensland/interactive-brisbanes-skyline-to-be-transformed-in-2022-20160815-gqsixb.html

For information regarding the Brisbane Inner City property market please go to https://raywhiteiba.com.au/news.

If you require FIRB please advise the agent in writing and visit -https://firb.gov.au/ to ensure that you are in a position to buy.

DISCLAIMER: Whilst every effort has been made to ensure the accuracy of information contained about this property, it does not constitute any warranty or representation by the vendor or agent. All information contained herein is gathered from sources we consider to be reliable. All interested parties must solely rely on their own inspections, enquiries and searches with all relevant authorities.

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Property History for 2402/79 Albert St, Brisbane City, QLD 4000

A timeline of how this property has performed in the market
Last Sold
$460,000
28 Mar 2022
  • 28 Mar 2022
    Sold for $460,000
  • 21 Feb 2022
    Listed for Sale Offers Over $465,000
  • 05 Sep 2009
    Sold for $415,000
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About Brisbane City 4000

The size of Brisbane City is approximately 2.5 square kilometres. It has 15 parks covering nearly 18.2% of total area. The population of Brisbane City in 2011 was 7,888 people. By 2016 the population was 9,467 showing a population growth of 20.0% in the area during that time. The predominant age group in Brisbane City is 20-29 years. Households in Brisbane City are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Brisbane City work in a professional occupation. In 2011, 40.5% of the homes in Brisbane City were owner-occupied compared with 36% in 2016.

Brisbane City has 12,275 properties. Over the last 5 years, Houses in Brisbane City have seen a -11.52% decrease in median value, while Units have seen a 42.85% increase. As at 31 October 2024:

  • The median value for Houses in Brisbane City is $543,544 while the median value for Units is $695,719.
  • Houses have a median rent of $710 while Units have a median rent of $749.
There are currently 114 properties listed for sale, and 78 properties listed for rent in Brisbane city on OnTheHouse. According to CoreLogic's data, 870 properties were sold in the past 12 months in Brisbane city.

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