312/38 Gregory St, Condon is a 2 bedroom, 2 bathroom Unit with 1 parking spaces. The property has a land size of 99m2 and floor size of 721m2. While the property is not currently for sale or for rent, it was last sold in June 2026. There are other 2 bedroom Unit sold in Condon in the last 12 months.
Beautifully presented and positioned on the top floor, this stylish 2-bedroom, 2-bathroom apartment offers the perfect opportunity for savvy investors seeking immediate returns and long-term peace of mind. Currently tenanted until November 2026 with a secure rental income of $470 per week and the latest rental increase completed in November 2025, this property is an effortless addition to any investment portfolio.Spanning approximately 99sqm, the apartment combines comfort, practicality, and low-maintenance living in a highly appealing lifestyle setting. The well-designed layout features spacious open-plan living, generous bedrooms, and modern finishes throughout, creating a welcoming space tenants love to call home.Step outside to the beautiful private balcony overlooking the sparkling communal swimming pool - the perfect place to relax and enjoy the peaceful surroundings. Residents can also enjoy the secure complex lifestyle with resort-style amenities designed for comfort and convenience.With strong rental security already in place and a beautifully maintained presentation, this is an outstanding opportunity to secure a quality investment in a sought-after complex.
Additional Information:
• Tenanted until November 2026
The size of Condon is approximately 5.4 square kilometres. There are 8 parks, covering nearly 2.6% of the total area. The population of Condon in 2016 was 5779 people. By 2021 the population was 5894 showing a population growth of 2.0% in the area during that time. The predominant age group in Condon is 10-19 years. Households in Condon are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Condon work in a community and personal service occupation.In 2021, 54.90% of the homes in Condon were owner-occupied compared with 55.80% in 2016.
Condon has 2,606 properties. Over the last 5 years, Houses in Condon have seen a 141.20% increase in median value, while Units have seen a 34.76% increase. As at 31 May 2026:
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