605/188 Shafston AvenueKangaroo Point QLD 4169
Property Details for 605/188 Shafston Ave, Kangaroo Point
605/188 Shafston Ave, Kangaroo Point is a 1 bedroom, 1 bathroom Unit and was built in 2001. While the property is not currently for sale or for rent, it was last sold in May 2015.
Last Listing description (July 2024)
Prime Investment Opportunity in the Heart of Kangaroo Point
This fully equipped studio apartment located in the highly sought after 'Shafston University Mansions' building represents great value buying! Whether you're a savvy investor looking for a positively geared investment to add to the portfolio, homeowner or someone who works away from home and just needs it for a few nights, it is a perfect location in the heart of Kangaroo Point.
Boasting a slick compact layout the bedroom space features freestanding wardrobes, ceiling fan and air conditioning.
The Shafston Mansions building offers an array of exceptional amenities, including a recreational lounge, on-site laundry facilities, a fully equipped indoor and outdoor gym, a cafeteria, and convenient photocopying and printing services. Furthermore, the building management team is available on-site to attend to all your needs, and secure swipe card access guarantees top-notch security throughout the premises.
Expected rental return of $450 per week.
Property Features:
Fully functional kitchen with ample storage space
Built in robes
Air conditioning and ceiling fan
Bathroom with shower and toilet
Very low vacancy rates
Perfect first home or investment in a premium location
Excellent rental returns for investors
Renovated throughout
Complex Features:
Professional onsite management
Fully equipped gymnasium
Recreational lounge
Cafeteria
On site laundry facilities
Low maintenance and economical body corporate fees include electricity & internet
Lift access in a secure complex
Body corporate contributions: $3,974 p.a. - Inclusive of electricity and internet
Council rates: $2,000 p.a. (Approx)
A fantastic opportunity for those looking to enter the property market, or to attain a positively geared investment with minimal outlay!
It is hard to find a better location, with the Cross River Rail already under construction, and just moments away the underway Green Bridge from Kangaroo Point to the city, this is an area on the move.
Kangaroo Point is an upscale inner-city peninsula paradise, surrounded by water and parklands. Transport needs are serviced by ferries, City Cats, buses with quick access to the Clem Jones tunnel, South East Freeway and Story Bridge. Entertainment is supplied by the Jazz Club, Story Bridge Hotel and the Gabba'.
The area boasts many high-quality restaurants and cafes, all within walking distance. Those who reside in Kangaroo Point enjoy the benefits of an inner-city lifestyle in a peaceful setting without the hustle and bustle. Strong demand exists for both rentals and sales in this exclusive premier location.
Property History for 605/188 Shafston Ave, Kangaroo Point, QLD 4169
- 26 May 2024Listed for Sale Offers Over $200,000
- 12 Feb 2007Listed for Sale $120,000
Recent sales nearby
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0About 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.
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