Property Highlight – Lutwyche, Brisbane QLD

2 bedrooms, 2 bathrooms, 2 parking apartment with study

$680,000
85 sqm internal, 19 sqm external, totaling 104 sqm

Rent estimate $600-650 a week

0.8% vacancy rate as of July 2023

The location

Lutwyche is a maturing “inner ring” suburb of Brisbane, just 6 km north of the CBD. It has benefitted from rapid change and gentrification as new unit or townhouse projects have been completed, and a wave of new houses or renovations emerge. This change comes hand in hand with demographic shifts that have seen new families and young execs move to the area over recent years. The once sleepy suburb with old Queenslander homes has had new life breathed into it.

The Lutwyche Bus Exchange, just 550 m away, delivers you into the CBD within 15 minutes; Wooloowin Train Station (just 1.5km away) transports you to Central Station in 12 mins and South Bank in 22 mins; and the domestic and international airports are just 11 km away.

The 20km-long Kedron Brook Bikeway travels through Lutwchye, featuring many creekside parks, picnic facilities, barbecues and dog off-leash areas, plus the nearby fields of Kalinga Park and Shaw Park are popular with locals. Lutwyche Market Central underwent a $60m refurbishment in late 2019 and now offers Coles, Woolworths and Aldi, plus an exciting array of fresh food, specialty stores, cafes and health and beauty offerings.

Brisbane and its surrounding suburbs are well placed to continue seeing consistent rental and pricing pressure over the short, medium and long term. With pressure from all time high rates of interstate migration, both demand and values have been rising sharply.

Over $20bn in infrastructure projects are underway or planned for the greater Brisbane area and KPMG estimates 2032 Brisbane Olympics will deliver major economic and social benefits to the city for the next 20 years, as illustrated below.

The property

Located on a quiet street in Lutwyche, this boutique block of just 36 designer apartments will be completed very soon.

With finishes to suit the owner occupier or investor, these apartments feature oversized floor plans fitted with engineered timber flooring, 2.7m high ceilings, ducted air conditioning, plush kitchen joinery, high end European appliances, stone bench tops, hanging pendants, downlights and much more.

The resort-style rooftop features a pool, gym/meditation room, alfresco dining and entertaining area. There are also electric car charging stations and solar powered common areas.

A luxury range of fixtures and fittings brings together texture, contrast and dimension, to create a polished and timeless home ready for your tenant to move in.

Please contact me if you would like more information on this terrific property.

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