East Brisbane at a glance
6,977
People
$1,740,000
Median sale
$703/wk
Median rent
2.10%
Suburb gross yield
Median sale from 23 recorded sales (last 12 months) — a Districts calculation.
QLD › East Brisbane › Mowbray Tce
For sale
For sale
8
Bedrooms
6
Bathrooms
16
Car spaces
696 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
Asking
No recorded sale price for this property yet.
East Brisbane at a glance
6,977
People
$1,740,000
Median sale
$703/wk
Median rent
2.10%
Suburb gross yield
Median sale from 23 recorded sales (last 12 months) — a Districts calculation.
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 $703/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
East Brisbane at a glance
6,977
People
$1,740,000
Median sale
$703/wk
Median rent
2.10%
Suburb gross yield
Median sale from 23 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Altora GlobalSIX UNITS. ONE TITLE. APPROX. 696M². APPROX. $385,840 P.A. CURRENT ANNUALISED INCOME.
Opportunities to acquire an entire income-producing residential holding this close to Brisbane CBD are exceptionally difficult to secure.
32 Mowbray Terrace brings together six apartments, substantial current accommodation income and an approx. 696m² inner-Brisbane landholding – all offered in one line.
For HNW investors, family offices, syndicates and accommodation operators seeking scale and income from a single Brisbane acquisition, this is an opportunity that demands attention.
THE NUMBERS
Current average accommodation income advised by the vendor/accounting team:
Approx. $7,420 PER WEEK
Approx. $385,840 PER ANNUM ANNUALISED
Current unit averages:
Unit 1 – Approx. $1,640 pw
Unit 2 – Approx. $875 pw
Unit 3 – Approx. $875 pw
Unit 4 – Approx. $1,660 pw average
Unit 5 – Approx. $1,240 pw average
Unit 6 – Approx. $1,120 pw average
WHY THE INCOME IS DIFFERENT
This is important.
The property is NOT operated as six conventional residential leases.
Income is generated through a combination of whole-unit accommodation and flexible room-based/student/offshore accommodation, including different occupancy configurations.
That means a smaller apartment can generate MORE income than a larger apartment depending on how it is operated.
For example, one two-bedroom apartment is currently operated as a whole unit at approx. $875 pw, while apartments using the flexible accommodation model can generate materially higher average income.
The opportunity is therefore in the OPERATING MODEL – not simply the bedroom count.
WHAT YOU ARE ACQUIRING
- Entire six-unit complex
- Two x 2-bedroom apartments
- Four x 1-bedroom apartments
- Approx. 696m² inner-Brisbane landholding
- One title
- Recent internal and external renovations
- On-site parking
- Established mixed accommodation operation
- Approx. $385,840 p.a. current annualised average income
- Only a few kilometres from Brisbane CBD
ONE ACQUISITION. AN ENTIRE INNER-BRISBANE HOLDING.
Individual investment apartments are readily available.
An entire six-unit complex on approx. 696m² in East Brisbane with current annualised average income approaching $386,000 is a very different proposition.
The successful purchaser secures the complete holding – six apartments, the underlying land and control of the future investment strategy, subject to relevant requirements and approvals.
East Brisbane also places the property within immediate reach of Brisbane CBD, Woolloongabba, Kangaroo Point, major hospitals, education, employment and transport infrastructure.
For investors looking to deploy capital into an established Brisbane income asset, opportunities of this nature are rarely offered.
FOR SALE – OFFERS INVITED
Qualified buyers are encouraged to enquire early to receive the Information Memorandum, income information and supporting accommodation documentation.
Private inspections by appointment.
Contact the Altora Global listing team today.
Six units.
One title.
Approx. 696m².
Approx. $385,840 p.a. current annualised average income.
Consider it before somebody else does.
Income figures are based on information supplied by the vendor/accounting team and represent current/average performance only, not guaranteed future income. Flexible accommodation income may vary according to occupancy, duration of stay and room configuration. Buyers should independently verify all income, agreements, outgoings, approvals and operating requirements.
Listing description written by Thomas Dennis, Altora Global — reproduced as published, not verified by Districts.
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