618-624 Main St, Kangaroo Point, QLD 4169 | Land for sale | OnTheHouse
 
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618-624 Main Street
Kangaroo Point QLD 4169

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Land area: 1672m2
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DA Approved - Golden Opportunity in the Heart of Kangaroo Point!

Amalgamated 4 Allotments:
Lot 1: 8.2m Frontage x 54.7m Depth [618 Main Street, Kangaroo Point]
Lot 2: 8.2m Frontage x 47.7m Depth [620 Main Street, Kangaroo Point]
Lot 3: 8.2m Frontage x 47.7m Depth [622 Main Street, Kangaroo Point]
Lot 4: 7.2m Frontage x 47.7m Depth [Corner Block 56 Bell Street, Kangaroo Point & 624 Main Street, Kangaroo Point]
Total Allocation: 1,672sqm 32.2m Frontage x 55.3m Legth x 48.3m Depth [618 - 624 Main Street, Kangaroo Point]
A rare opportunity to acquire a blue-chip development site in Brisbane's prestigious Kangaroo Point. Positioned in a high-growth inner-city enclave, this expansive 1,672sqm parcel presents unmatched potential for investors, developers, land-bankers, or business owners.
Currently operating as a privately run 20-room B&B/Budget Motel (20 bed, 20 bath, 20 car), the site is DA-approved for a 68-apartment residential development (52 x 2-bed, 16 x 3-bed), 4 ground-floor retail tenancies (ranging 75–82sqm), and 88 car spaces. The flexible layout also allows for refurbishment, Airbnb conversion, or alternate business use.
The property is zoned MU1 - Mixed Use (Inner City), and ideal for a striking 8-storey mixed-use development (STCA) with seven levels of residences atop ground-floor commercial. This blank canvas invites modern upgrades, facade refreshes or complete redevelopment.
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Property Details for 618-624 Main St, Kangaroo Point

Building Type
Land
Land Size
1672m2
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About Kangaroo Point 4169

The size of Kangaroo Point is approximately 1.8 square kilometres. It has 6 parks covering nearly 12.0% of 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 7,063 properties. Over the last 5 years, Houses in Kangaroo Point have seen a 60.35% increase in median value, while Units have seen a 88.79% increase. As at 30 November 2025:

  • The median value for Houses in Kangaroo Point is $1,700,159 while the median value for Units is $1,013,365.
  • Houses have a median rent of $700 while Units have a median rent of $740.
There are currently 37 properties listed for sale, and 33 properties listed for rent in Kangaroo point on OnTheHouse. According to Cotality's data, 329 properties were sold in the past 12 months in Kangaroo point.

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