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QLD › Kangaroo Point › Thorn St

U35, 89 Thorn St, Kangaroo Point QLD 4169

For saleApartment

$3,000,000

For sale

Asking

4

Bedrooms

2

Bathrooms

2

Car spaces

476 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $3,000,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $3,000,000(Listing record · 4 July 2026)
  • FactLand 476 m²; no building size recorded.(Property record)
  • CalculationAsk is 66% above the Kangaroo Point median recorded sale ($1,806,000, n=11, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Kangaroo Point's advertised median rent ($797/wk), implied gross yield would be 1.38% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

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

The ask against the evidence

Asking

$3,000,000

Asking · $6,303/m² of land

No recorded sale for this property.

Kangaroo Point at a glance

12,110

People

$1,806,000

Median sale

$797/wk

Median rent

2.29%

Suburb gross yield

Median sale from 11 recorded sales (last 12 months) — a Districts calculation.

See the full Kangaroo Point report →

Vs Kangaroo Point

+66.1%

Median sale

Suburb $1,806,000

-0.91 pp

Gross yield

Suburb 2.29%

Suburb median $1,806,000 from 11 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$3,000,000
Stamp Duty (Queensland)
$153,025
Transfer/Registration Fee
$13,378
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$3,170,103

$170,103 on top of the price (5.7% extra)

  • Stamp Duty (Queensland)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: Queensland schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Pre-filled with Kangaroo Point's advertised median rent — not a rent for this listing.

Net yield
-0.12%
Annual cashflow (pre-tax)
$-159,556
Interest cover (DSCR)
-0.02
Annual rent
$41,444
Operating expenses
$45,000
Loan amount
$2,400,000
Annual interest
$156,000
Gross yield
1.38%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

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

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, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

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

Property history

  1. Listed$3,000,000available4 July 2026

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

QLD

Why this lot, not just this suburb

Why could this property outperform?

Planning 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.

What could kill that thesis?

Confidence: low

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

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $797/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

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.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 1.4%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.

Verdict

What this means for this property

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.”

Read more

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

What is known for this property

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

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Nearby development applications are not loaded. This lot’s own applications are a separate question.

  • Honest achievable rent

    Knownlow

    This 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

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Kangaroo Point in one glance

Kangaroo Point at a glance

12,110

People

$1,806,000

Median sale

$797/wk

Median rent

2.29%

Suburb gross yield

Median sale from 11 recorded sales (last 12 months) — a Districts calculation.

See the full Kangaroo Point report →

Keep researching

  • Why Kangaroo Point? Read the area thesis →
  • What else is on the market in Kangaroo Point →
  • Other records on Thorn St →

Listing material

Listed by Image Property Brisbane Northside

Kangaroo Point Luxury Sky Villa Penthouse

Truly magnificent, commanding the entire rooftop in one of Kangaroo Point's most tightly held residential buildings, this sky home offers a unique level of exclusivity, privacy and scale.

Over some 470m², this expansive, inner-city, 4 bedroom apartment has recently undergone an interior-architect designed full renovation to an exceptionally high standard. Every element has been thoughtfully curated to create sophisticated elegance throughout.

Access to the penthouse is via a dedicated, private and secure foyer through to the fully transformed residence, offering an unrivalled lifestyle where architecture, bespoke craftsmanship and breathtaking views converge. Sun drenched and framed by 360° panoramas from the impressive wrap around terraces, the view takes in distant mountains, city skylines, the Story Bridge and river reaches, creating a private, modern, house-like villa suspended above the city.

Read the full description

Timber flooring throughout, bespoke joinery, commercial-grade glazing and seamless indoor-outdoor connections underscore luxury and a relaxed ambiance. The heart of the home is a designer kitchen, with walk-in butler-pantry and premium finishes, and all the living and dining areas flow effortlessly in open plan to the sprawling rooftop terraces, providing a unique setting for intimate evenings or large-scale entertaining.

The expansive, single level, floor plan accommodates three king-sized bedrooms and fourth bedroom presently being used as a study. The level of thoughtful detail, from hidden storage spaces, heated bathroom floors, chic designer bar, ease of access and movement between living and dining zones, abundance of light and feeling of space afforded by having the exclusive use of the entire roof-top level is unmatched.

Every aspect of this beautiful residence has been designed to celebrate its remarkable position. Located in one of Brisbane's most sought after lifestyle, inner-city precincts, the property is surrounded by the natural beauty of riverfronts and lush parklands.

The Brisbane CBD is now easily accessible on foot via the Green Bridge and the Gabba is a 10 minute walk. The area is exceptionally well-connected, with transport options including the City Cat and buses, as well as quick access to major routes such as the Clem Jones Tunnel, South East Freeway and Story Bridge.

The resort-style gardens of the complex are an invitation to relax, and for residents and guests to enjoy the well-maintained gardens and amenities, such as a sparkling pool, pickleball court, covered barbecue and picnic areas, sauna and reading/library room.

In a market increasingly defined by high-density apartment living, opportunities to secure an entire rooftop residence of this exceptional size and caliber are extremely rare.

Highlights:

• Spectacular 360-degree views encompassing city skyline, Story Bridge, river, mountains and beyond

• Single level, entire rooftop, with 360-degree walk-around balcony

• Interior architect designed and featured on social media

• Indoor and outdoor dining and entertaining zones

• Private lift access directly into the home, with secure foyer and storage

• Fully renovated throughout to an exceptional standard

• Designer kitchen with walk-in butler-pantry, premium appliances and custom finishes

• Beautifully appointed open-plan living and dining areas seamlessly flowing from the central kitchen zone

• Designer bar, with state-of-art wine cabinet fridge

• Three king-sized bedrooms, master with ensuite, all with direct access to the terrace and amazing views

• Dedicated office/study or fourth bedroom with direct balcony access/views

• Two ultra-modern bathrooms featuring under-floor heating and ample natural light

• All fixtures and cabinet handles finished in brushed gun-metal

• Large, superbly designed laundry

• Ducted air-conditioning and heating throughout, and ceiling fans in bedrooms

• Rare inner-city resort-style living with the convenience of apartment ownership

• Secure underground parking, with dedicated lock-up side-by-side parking for 2 cars, and extra storage

• Separate spacious upstairs storage with loft

• Fully engineered, designed and body corporate approved plans for main balcony covered terrace extension

Combining the privacy and size of a standalone home, this remarkable Sky Villa penthouse represents a unique offering that is equally appealing to local owner-occupiers, interstate purchasers and international buyers seeking a secure, luxurious, inner-city Brisbane base.

DISCLAIMER: Whilst every care is taken in the preparation of the information contained in this marketing, Image Property will not be held liable for any errors in typing or information.

Listing description written by Nicola Borbasi, Image Property Brisbane Northside — reproduced as published, not verified by Districts.

Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.