11 Salstone StreetKangaroo Point QLD 4169
Property Details for 11 Salstone St, Kangaroo Point
11 Salstone St, Kangaroo Point is a 6 bedroom, 6 bathroom House with 2 parking spaces. The property has a land size of 448m2. While the property is not currently for sale or for rent, it was last sold in March 2020.
Last Listing description (May 2020)
This inner-city building, consisting of 6 separate studio units, is listed as freehold land on a 448m2 block. Solid rental income of close to $91,000/annum offers a gross yield of 7.5%, in a high demand area just 2 km from the Brisbane CBD. Rates $1051.90/quarter.
Offering 6 self-contained furnished units with separate kitchen, bathroom, built-in robes, ceiling fans, coin-operated laundry, large covered outdoor common area and low-maintenance garden. The location boasts easy access to transport including bus, ferry and walking distance to all major amenities.
The units are very popular with tenants from overseas because of the easy access to the city. Due to this, occupancy rates in the high 90% are achieved.
The landscape of Brisbane is about to change and now is the time to secure your inner-City investment. Economic growth in Queensland is projected to accelerate supported by the biggest infrastructure spend since the 2011 flood recovery. The ensuing years could potentially experience some of the strongest years of price growth for south-east Queensland property since the early 2000s.
Major infrastructure projects include the $3 billion Queen's Wharf development, $5.4 billion Cross River Rail project, $2 billion ultra-entertainment Brisbane Live, $1.35 billion Brisbane International Airport Second Runway, $2.9 billion Brisbane Showground Regeneration, $944 million Brisbane Metro, Herston Quarter Redevelopment, and proposed $1.4 billion Eagle Street Pier redevelopment. All these are less than 3 Km away from this property.
The economic and demographic signs are very positive for Brisbane showing:
Strong employment growth
Huge pipeline of infrastructure yet to be complete
Political stability
Net interstate migration story
Now is the time to invest in the Inner Brisbane Core. Call Summer Mitchell to arrange your private inspection today.
Disclaimer
This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes.
Property History for 11 Salstone St, Kangaroo Point, QLD 4169
- 23 Mar 2020Sold for $1,230,000
- 14 Feb 2019Listed for Sale Not Disclosed
- 09 Feb 2017Listed for Rent - Price not available
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0About Kangaroo Point 4169
The size of Kangaroo Point is approximately 1.8 square kilometres. It has 6 parks covering nearly 12% of total area. The population of Kangaroo Point in 2011 was 6,999 people. By 2016 the population was 8,050 showing a population growth of 15.0% in the area during that time. The predominant age group in Kangaroo Point is 20-29 years. Households in Kangaroo Point are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Kangaroo Point work in a professional occupation. In 2011, 37.5% of the homes in Kangaroo Point were owner-occupied compared with 36.9% in 2016.
Kangaroo Point has 7,060 properties. Over the last 5 years, Houses in Kangaroo Point have seen a 63.72% increase in median value, while Units have seen a 65.52% increase. As at 31 July 2024:
- The median value for Houses in Kangaroo Point is $1,519,449 while the median value for Units is $794,548.
- Houses have a median rent of $740 while Units have a median rent of $650.
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