23/49 Russell StreetSouth Brisbane QLD 4101
Property Details for 23/49 Russell St, South Brisbane
23/49 Russell St, South Brisbane is a 2 bedroom, 0 bathroom Unit with 1 parking spaces and was built in 2003. The property has a land size of 65m2 and floor size of 29m2. While the property is not currently for sale or for rent, it was last transferred in July 2019.
Last Listing description (October 2019)
Only 1.5km away from the CBD, this lot of two studios ticks all your investment boxes.
Both studios are identical and include a spacious bathroom with shower over bath combination, a kitchenette, a large combined living and bedroom area with ceiling fans and air-conditioning plus a private balcony.
This great quality complex features a large in-ground pool, a spa and a spacious poolside entertaining area with barbeque.
Note: All figures quoted per lot i.e for both of the two studios combined.
If renting is your choice, this property located only a stone's throw away from the Brisbane Convention Centre will attract tenants all year long.
The smart investor will have many options when it comes to renting out this property.
Simply leave both studios in the Parkview Apartments hotel pool and enjoy the stress-free experience of renting them out for up to $300 per night combined.
Set your own rate by utilising a short-term rental option such as AirBnB.
Regardless of your choice, the demand for these apartments is high. Occupancy rates in the hotel pool are between 75% - 80%, and the long-term rental vacancy rates are less than 2%.
Act now or miss out.
Property History for 23/49 Russell St, South Brisbane, QLD 4101
- 27 Mar 2025Transferred for $240,000
- 31 Jul 2019Sold for $290,000
- 08 Jun 2019Listed for Sale Not Disclosed
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About South Brisbane 4101
The size of South Brisbane is approximately 2.3 square kilometres. There are 14 parks, covering nearly 12.6% of the total area. The population of South Brisbane in 2016 was 7196 people. By 2021 the population was 14292 showing a population growth of 98.6% in the area during that time. The predominant age group in South Brisbane is 20-29 years. Households in South Brisbane are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in South Brisbane work in a professional occupation.In 2021, 27.40% of the homes in South Brisbane were owner-occupied compared with 29.60% in 2016.
South Brisbane has 10,562 properties. Over the last 5 years, Houses in South Brisbane have seen a 42.09% increase in median value, while Units have seen a 82.89% increase. As at 31 July 2026:
- The median value for Houses in South Brisbane is $1,855,981 while the median value for Units is $955,971.
- Houses have a median rent of $795 while Units have a median rent of $805.
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