566-578 Main Street, Kangaroo Point, QLD 4169 | Other for sale | OnTheHouse
 
FOR SALE
Offers Over $10M

566-578 Main Street
Kangaroo Point QLD 4169

Bedrooms: 14
Bathrooms: 7
Car spaces: 10
Land area: 1824m2
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Prime Development Opportunity

Set across three adjoining lots in one of Kangaroo Point's most sought-after pockets, this rare offering combines scale, flexibility, and exceptional future potential. Spanning a total of 1,824m² (3 x 608m² blocks, each with an 11.3-metre frontage), the properties are available to be purchased together or separately, presenting a wide range of opportunities for developers, investors, or owner-occupiers.
Benefiting from multi-use zoning and free from heritage overlay or flooding constraints, the combined site offers outstanding scope for redevelopment, including townhouses, apartments, subdivision, or the creation of a landmark residential project. There is potential to build up to eight levels on the land, subject to council approval, further enhancing the site's long-term development appeal. With strong underlying land value and multiple pathways to add value, this is a true blue-chip opportunity in a high-growth inner-city precinct.
566 Main Street is a low-set brick residence built in 1975, offering three bedrooms, two bathrooms, accommodation for up to five vehicles, and an in-ground swimming pool on a 608m² allotment. The property presents excellent holding income potential while contributing further scale and flexibility to the overall landholding.
572 Main Street is a substantial 1950s residence comprising five bedrooms, three bathrooms, two-car accommodation, and a shed on a 608m² block—ideal for immediate rental income or as a holding asset while planning your next move.
578 Main Street features a six-bedroom, two-bathroom home with extensive parking for up to six vehicles on a 608m² block offering strong appeal for large households or high-yield rental configurations.
Positioned just minutes from the CBD and the popular river boardwalk, this prime location delivers an enviable lifestyle alongside exceptional connectivity. With significant infrastructure investment and the upcoming Olympic Games continuing to drive growth across the area, the long-term upside is undeniable.
Whether secured as a combined landholding or individual acquisitions, this is a rare chance to capitalise on size, zoning, and location in one of Brisbane's most tightly held and rapidly evolving suburbs. Opportunities of this scale—offering a combined 1,824m² landholding with approximately 33.9 metres of combined frontage in a premier inner-city location—are becoming increasingly scarce.
Disclaimer:
All information contained herein is gathered from sources we consider to be reliable however we cannot guarantee or give any warranty about the information provided and interested parties must solely rely on their own enquiries.

Property Details for 566-578 Main St, Kangaroo Point

566-578 Main St, Kangaroo Point is a 14 bedroom, 7 bathroom Other with 10 parking spaces and was built in 1950. The property has a land size of 1824m2. The place is currently for sale with NGU REAL ESTATE EAST BRISBANE PTY LTD.

Building Type
Other
Year Built
1950
Land Size
1824m2
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About Kangaroo Point 4169

The size of Kangaroo Point is approximately 1.8 square kilometres. There are 6 parks, covering nearly 12.0% of the total area. The population of Kangaroo Point in 2016 was 8063 people. By 2021 the population was 9689 showing a population growth of 20.2% in the area during that time. The predominant age group in Kangaroo Point is 20-29 years. Households in Kangaroo Point are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Kangaroo Point work in a professional occupation.In 2021, 36.00% of the homes in Kangaroo Point were owner-occupied compared with 36.90% in 2016.

Kangaroo Point has 7,152 properties. Over the last 5 years, Houses in Kangaroo Point have seen a 66.87% increase in median value, while Units have seen a 92.10% increase. As at 31 May 2026:

  • The median value for Houses in Kangaroo Point is $2,022,109 while the median value for Units is $1,084,175.
  • Houses have a median rent of $815 while Units have a median rent of $740.
There are currently 49 properties listed for sale, and 28 properties listed for rent in Kangaroo point on OnTheHouse. According to Cotality's data, 361 properties were sold in the past 12 months in Kangaroo point.

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Madeline Woodman
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Leo Liu
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© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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