5/54 Douglas St, Greenslopes is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1985. The property has a land size of 152m2 and floor size of 147m2. While the property is not currently for sale or for rent, it was last sold in March 2019.
The Opportunity: A rare "Goldilocks" find for 2026. Whether you are a first home buyer seeking a turn-key sanctuary, a downsizer demanding single-level ease, or an investor eyeing a $70 per week rental uplift, this is the one.
5/54 Douglas Street is a 147sqm titled masterpiece that feels like a house but maintains the low-maintenance lifestyle of a villa. Tucked into a quiet, low-density pocket, dominated by character homes rather than high-rise shadows, this is the most hunted asset class in the inner-south.
The Highlights:
The Strategy:
- The Lifestyle: Walk 600m to Stones Corner's dining hub or 450m to Greenslopes Mall. 5km to the CBD with high-frequency busway access just 3 minutes away.
- The Numbers: Current rent $560 per week (until May 2026). Current market appraisal $630 - $660 per week. In a 1% vacancy market, this is a blue-chip fortress for your capital.
Boutique villas in this complex are notoriously tightly held. The last one sold in days. Secure your foothold this Wednesday evening.
The size of Greenslopes is approximately 2.5 square kilometres. It has 11 parks covering nearly 10.5% of total area. The population of Greenslopes in 2016 was 8936 people. By 2021 the population was 7941 showing a population decline of 11.1% in the area during that time. The predominant age group in Greenslopes is 20-29 years. Households in Greenslopes are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Greenslopes work in a professional occupation.In 2021, 45.90% of the homes in Greenslopes were owner-occupied compared with 40.80% in 2016.
Greenslopes has 4,788 properties. Over the last 5 years, Houses in Greenslopes have seen a 64.71% increase in median value, while Units have seen a 113.63% increase. As at 30 April 2026:
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