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QLD › St Lucia › Mitre St

U5, 8 Mitre St, St Lucia QLD 4067

For saleApartment

$965,000

For sale

Asking

2

Bedrooms

2

Bathrooms

2

Car spaces

112 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $965,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $965,000(Listing record · 29 July 2026)
  • CalculationAsk is 48% below the St Lucia median recorded sale ($1,850,000, n=21, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at St Lucia's advertised median rent ($747/wk), implied gross yield would be 4.03% — 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

$965,000

Asking · $8,616/m² of land

No recorded sale for this property.

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.

See the full St Lucia report →

Vs St Lucia

-47.8%

Median sale

Suburb $1,850,000

+1.93 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.

Total cost to purchase

Purchase Price
$965,000
Stamp Duty (Queensland)
$36,450
Transfer/Registration Fee
$3,926
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
$1,009,076

$44,076 on top of the price (4.6% 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 St Lucia's advertised median rent — not a rent for this listing.

Net yield
2.53%
Annual cashflow (pre-tax)
$-25,811
Interest cover (DSCR)
0.49
Annual rent
$38,844
Operating expenses
$14,475
Loan amount
$772,000
Annual interest
$50,180
Gross yield
4.03%

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$965,000available29 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 $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.

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 4.0%. 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

St Lucia in one glance

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.

See the full St Lucia report →

Keep researching

  • Why St Lucia? Read the area thesis →
  • What else is on the market in St Lucia →
  • Other records on Mitre St →

Listing material

Listed by JJ Property Brisbane

Renovated Luxury in St Lucia

Inspection Information: For open home and private viewings meet at the front of 8 Mitre Street near the driveway.

Beautifully renovated and move-in ready, this stylish two-bedroom apartment offers modern, low-maintenance living in the heart of St Lucia. Set within the boutique Luciana complex of just six residences, it's an ideal home or investment in one of Brisbane's most sought-after suburbs.

Apartment Features:

Read the full description

Completely renovated

Both bedrooms include built-in wardrobes with fitted shelving and hanging space

Master bedroom with ensuite

Air-conditioning in both bedrooms and the open living area

Spacious open plan kitchen, living and dining area opens to balcony

The stunning main bathroom also houses the built in laundry

Secure single lock up garage plus a second open car space

Complex Information:

Built in 1980 approx. Luciana is centrally located in St Lucia. This boutique complex of six residences offers a quiet and well-presented living environment within walking distance of cafés, parklands, public transport, and the University of Queensland. Each apartment benefits from one secure garage plus an additional open car space within the complex. Following the acquisition of the entire block of apartments, the current owner has initiated a programme of upgrades and improvements to modernise both the individual apartments and the shared areas of the building.

Location:

Enjoy the convenient lifestyle of St Lucia, a popular riverside suburb renowned for its university and just minutes from Brisbane CBD. Known for its leafy streets and relaxed vibe, St Lucia is wrapped by the Brisbane River and full of green spaces. Locals love the easy access to public transport, cafés, shops, and great schools, plus the buzz around UQ. With riverside walks, bike paths, rowing clubs, and CityCat ferries close by, it’s an easy place to enjoy both city convenience and outdoor living

Easy accessible locations:

1 min walk to 191 Schonell Centre (Domino's Pizza, BoNG's Donburi, Bottle Shop)

2 min walk to Sir Fred Schonnell Bus Stop

5 min walk to Guyatt Park City Cat (Ferry Terminal)

10 min walk to The University of Queensland Campus

4 min drive to Toowong Village (Coles & Woolworths)

4 min drive to IGA St Lucia

10 min drive to Indooroopilly Shopping Centre

16 min drive to Brisbane CBD

26 min drive to Brisbane Airport

School Zones:

Ironside State School (Prep to Year 6) - 3 min drive

Indooroopilly State High School (7 to Year 12) - 4 min drive

Rental Appraisal:

Long-Term Letting: $825 - $885 per week

Short-Term Letting: $900 - $1,000 per week after management fees (airbnb)

Costs:

Council - $485.92 per quarter approx.

Water - $267.66 per quarter approx.

Body Corporate - $680.00 per quarter approx. (includes building insurance)

Disclaimer: Whilst every care is taken in the preparation of the information contained in this marketing, JJ Property will not be held liable (financially or otherwise) for any errors or omissions relating to the property, contents and/or facilities in the property or complex. All interested parties should rely upon their own investigations to determine whether the property is suitable for their needs and all contents and facilities are present.

Listing description written by Peter Evans, JJ Property Brisbane — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Balcony
  • Dishwasher
  • Ensuites: 1
  • Outdoor Entertaining
  • Remote Garage
  • Secure Parking
  • Toilets: 2
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.