St Lucia at a glance
15,468
People
$1,850,000
Median sale
$747/wk
Median rent
2.10%
Suburb gross yield
Median sale from 21 recorded sales (last 12 months) — a Districts calculation.
QLD › St Lucia › Indooroopilly Rd
$2,700,000
Last sold
20 Oct 2025
11
Bedrooms
5
Bathrooms
5
Car spaces
1,060 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Last sold
$2,700,000
20 Oct 2025 · derived via latest_sale
St Lucia at a glance
15,468
People
$1,850,000
Median sale
$747/wk
Median rent
2.10%
Suburb gross yield
Median sale from 21 recorded sales (last 12 months) — a Districts calculation.
Vs St Lucia
+45.9%
Median sale
Suburb $1,850,000
-0.66 pp
Gross yield
Suburb 2.10%
Suburb median $1,850,000 from 21 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
For more information on this property, visit Queensland Globe.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
QLDPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded. This lot’s own applications are a separate question.
Rental
No advertised rent is recorded. Suburb median rent $747/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Nearby development applications are not loaded. This lot’s own applications are a separate question. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownNearby development applications are not loaded. This lot’s own applications are a separate question.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
St Lucia at a glance
15,468
People
$1,850,000
Median sale
$747/wk
Median rent
2.10%
Suburb gross yield
Median sale from 21 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Dean Property TeamRock solid returns & an exceptional blue-ribbon location - this 11 Bedroom 5 Bathroom & 5 Car Accommodation (no body corporate) on 1060m2 of land (23.6m frontage on two lots) is the prime investment opportunity you have been searching for.
An abundance of opportunity and options await you at 198 Indooroopilly Road St Lucia! Comprising five flats across two lots on 1060m2 (23.6m frontage) on prime St Lucia land. Positioned in the thriving suburb of St Lucia, currently producing a rental income of $2,180 per week ($113,360/annum) here is your golden opportunity. Independent Rental Appraisal: $2,925 - $3,175/week. The choice is yours enjoy the holding income into the future or for those wishing to knock down this post-war block of flats and build one or two new executive homes (subject to council approval) on the substantial block. A short distance from The University of Queensland, Indooroopilly Shopping Centre and the Brisbane CBD, securing this winning address will reward the astute investor or owner occupier with significant returns now and into the future.
Four of the five flats include X4 two bedrooms, one bathroom, living/dining area, kitchen and front/rear decks. The fifth unit at the front of the home offers a three bedroom with a more spacious floorplan including a larger kitchen, living/dining, bathroom and verandah. Enjoying optimal privacy and convenience, each of the separate residences have been fit with modern kitchen appliances and ceiling fans throughout, the bedrooms with built-in robes and ample windows that allow natural light and breezes to flow through. The property offers covered parking accommodation, communal laundry, visitor carpark and a leafy green shared backyard for all to enjoy.
This is low maintenance split-level building boasts 11 rooms, 5 bathrooms and 5 car accommodations. Professionally managed by Hive Real Estate, the specialists in accommodation, your investment is secure and underpinned by its prime St Lucia location. Neighbouring highly regarded schools including Ironside State School, Indooroopilly State High School and St Peter’s Lutheran College, in addition to the prestigious University of Queensland. Walk to St Lucia Golf Club, numerous local parks and shops, we well as riverside walk/bikeways, cafes, restaurants and public transport. All the units are leased until 2026, allowing you time to make decisions on your investment and receive rental income in the interim. Don’t be complacent in securing this property though, as blocks this size in St Lucia with an earning capacity such as this one are few and far between!
The current owners are divesting due to family circumstances, so reluctantly, it’s time to sell up and sell they will – there will be Auction Action on the 20th of September at 10:00am (On Site). Whole blocks of flats offering these proven returns and land sizes do not come along everyday, so arrange your inspection today and call Elliott Dean on 0401 762 655.
AUCTION 20th September 10AM (ON SITE).
Dean Property Team Pty Ltd has taken all reasonable steps to ensure that the information contained in this advertisement is true and correct but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective buyers should make their own enquiries to verify the information contained in this advertisement.
Please note where properties are being sold without a price, in accordance with government regulations a price guide cannot be provided. Please also note that the website being viewed may have filtered the property into a price bracket for functionality purposes.
Listing description written by Elliott Dean, Dean Property Team — reproduced as published, not verified by Districts.