Fortitude Valley

The national property developer RG Property have lodged plans for a 15-storey residential tower in the heart of the buzzing Fortitude Valley.

The base of the tower, proposed for&nbsp;36 Warry Street, is weaved into the existing heritage fabric that occupies the site, blending in between the buildings of Keating’s Bread Factory, which was established back in 1879 before becoming one of the major bread making companies in Brisbane.

Designed by Blight Rayner, the Warry St development will comprise a total 118 apartments, with a mix of one, two, three and four-bedroom residences.

<a href="https://www.urban.com.au/new-apartments/36-warry-street-fortitude-valley"><img alt="" data-entity-type="" data-entity-uuid="" height="1210" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-05-25_at_10.55.42_am.png" width="1266" /></a> 
View of the proposed development from Kennigo Street. Credit: Blight Rayner

The ground level concept is to integrate the heritage buildings with the new built environment by linking them into a pedestrian laneway activated by food and retail outlets, forming the heart of the development.

“Initially, the historic buildings are intended to retain their predominantly office uses but over time, they may gradually change to retail and dining uses once the laneway gains a reputation as a hub of day and night life in Spring Hill,” said Blight Rayner in their development documents.&nbsp;

“The strategy for integrating new and old is twofold. One, by way of matching podium scale and two, by using a contemporary version of the heritage material palette, seeking not to imitate but add a new complimentary layer to the old,” they added.

Level one will home a yoga/pilates terrace along with a gym, which will overlook the bustling streetscape, in addition to three apartments that open out on to surrounding gardens.

<a href="https://www.urban.com.au/new-apartments/36-warry-street-fortitude-valley"><img alt="" data-entity-type="" data-entity-uuid="" height="1216" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-05-25_at_10.56.03_am.png" width="2018" /></a> 
Elevated view above Warry St. Credit: Blight Rayner

Four vertical gardens, one on each side, are planned to enable vines to drape down each level and to grow laterally onto adjoining screens on the street-facing elevations.

Designed with the owner-occupier in mind, apartments offer a variety of layouts and floorplans, catering to differing living and lifestyles.

Large balconies are provided to all apartments and depending upon their orientation, balconies are variously open or screened.

The balconies provide depth to the three-dimensional form creating articulation around all sides, generally positioned on the corners of the building, giving two-way views as well as softening the built form.

“The typical apartment floors are accessed by an L-shaped corridor that opens up to gardens at each end and is naturally ventilated. The layout enables the majority of apartment balconies to occupy corners to optimise both outlook and aspect."

<a href="https://www.urban.com.au/new-apartments/36-warry-street-fortitude-valley"><img alt="" data-entity-type="" data-entity-uuid="" height="1208" src="https://s3-ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/pictures/article-images/screen_shot_2022-05-25_at_10.56.13_am.png" width="2010" /></a> 
Elevated view above the existing heritage building. Credit: Blight Rayner

Two penthouse levels provide larger apartments on the southern side of the tower, while creating a distinctive top to the built form.

Crowning the tower will be an expansive roof garden and swimming pool, with the intent that plants will drape over each edge and be highly visible from the streets and afar. The gardens will also screen the plant enclosure and surround a large barbecue plaza for its solar protection, reinforced by a lightweight, open pergola structure

The site has relatively good access to buses and Fortitude Valley Train Station, while sitting within walking distance of the Brisbane CBD, the new Fortitude Valley State Secondary College, and a host of other convenient amenities.

“The 36 Warry Street Project represents an exciting opportunity to enhance Spring Hill as a lifestyle precinct and inner-city destination."

Designed by Blight Rayner, the Warry St development will comprise a total 118 apartments, with a mix of one, two, three and four-bedroom residences.



alisonwarters@gmail.com

RG Property to redevelop historic Fortitude Valley Bread Factory

Vicland Property Group’s two breathtaking apartment buildings at Fortitude Valley offers a modern-day sanctuary in an energised urban village.

A prestigious collaboration by Rothelowman and Bruce Henderson Architects delivers residents a range of versatile, open-plan designs and luxury lifestyle offerings.

[smartcode_project:default project_id=6257 project_image_fid=141412]

The Coterie’s one and two-bedroom apartments deliver sophisticated simplicity, with a clean and functional design.

Separate study zones and sliding doors to some bedrooms enhance flexible living options as buyers seek work-from-home options.

[smartcode_project:default project_id=6257 project_image_fid=141413]

“Designer touches are apparent in every space with the refined treatment of contemporary polished surfaces, textural finishes and confident, monochromatic highlights”, the project marketing reads.

Bedrooms feature oversized mirrored wardrobes, plush carpets and full-height windows to enhance light and deliver views of the city skyline.

Walk-in robes and storage space has also been added to the benefit of homebuyers.

[smartcode_project:default project_id=6257 project_image_fid=141414]

The architects utilise smoky mirror splashbacks and glazing to increase a sense of depth into the home. This is also seen in the bathrooms, which feature bold black accents and simple forms to create a regenerative space.

Ensuites are appointed to most two-bedroom apartments and cleverly crafted.

Preserving the history of the site, the Coterie integrates an original heritage bakery façade and feature a ground-level retail presence.

[smartcode_project:default project_id=6257 project_image_fid=141415]

Residents will also have access to crafted social spaces that come together as two indulgent rooftop retreats, featuring&nbsp;an alfresco dining pavilion, rooftop pool, garden lounge seating and sun decks.

Two-bedroom residences are priced from $536,080, while three-bedroom penthouses begin at $2,310,000.

With limited apartments remaining, and only 1.5-kilometres from Brisbane’s CBD, The Coterie is not one to miss.

A prestigious collaboration by Rothelowman and Bruce Henderson Architects delivers residents a range of versatile, open-plan designs and luxury lifestyle offerings

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Inside the two-bedroom apartments at Fortitude Valley’s The Coterie

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Rising just 1.5km away from Brisbane’s CBD in the culturally rich and vibrant Fortitude Valley are The Coterie. The two residential towers comprise of one, two and three bedroom selections and two penthouses across 27 floors. The Coterie is a modern day sanctuary, an exclusive lifestyle destination for its residents and a progressive addition to the energised urban village it belongs to. 

<figure><a class="colorbox colorbox-insert-image" href="https://www.urban.com.au/buildings/the-coterie-365-st-pauls-terrace-fortitude-valley?utm_source=sms&amp;utm_medium=sms" rel="gallery-all"><img alt="" class="image-article-full-width-580px" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/the-coterie-365-st-pauls-terrace-fortitude-valley-e9b9ebb00f5d01c207a46cd635875e43.jpg?itok=gGIH7li4" style="width: 580px; height: 355px;"></a></figure>A prestigious collaboration from award winning design teams at Rothelowman and Bruce Henderson Architects introduces an elegant building silhouette wrapped in a flowing, monochromatic motif, a graphic representation of the connectivity between the two towers, the streetscape and the skyscrapers that border the suburb in the CBD.

Step inside your new one or two bedroom home to find a new brand of luxury with a range of versatile, open plan designs to welcome you home. Glass surrounds bring in the views and connect interior spaces to generous outdoor balconies.

<figure><a class="colorbox colorbox-insert-image" href="https://www.urban.com.au/buildings/the-coterie-365-st-pauls-terrace-fortitude-valley?utm_source=sms&amp;utm_medium=sms" rel="gallery-all"><img alt="" class="image-article-full-width-580px" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/the-coterie-365-st-pauls-terrace-fortitude-valley-a6564ccdc3903419c48eea464c53c47f.jpg?itok=oJnMAXOU" style="width: 580px; height: 254px;"></a></figure>Select apartments feature separate study zones and cavity sliding doors to some bedrooms and bathrooms to enhance light transferral and flexible living options. Designer touches are apparent in every space with the refined treatment of contemporary polished surfaces, textural finishes and confident, monochromatic highlights.

White joinery, smoky mirror splashbacks and sleek finishes invite warmth into the space as well as limestone finish stone benchtops paired with European oak floorboards. Kitchens filled with Miele appliances integrate with the full height cabinetry with the luxury extending into the bathrooms with large format white tiles, a wall basin, frameless shower and refined mosaic tile feature with black tapware to add a touch of elegance and modernity.

<figure><a class="colorbox colorbox-insert-image" href="https://www.urban.com.au/buildings/the-coterie-365-st-pauls-terrace-fortitude-valley?utm_source=sms&amp;utm_medium=sms" rel="gallery-all"><img alt="" class="image-article-full-width-580px" src="/s3/files/styles/article_full_width_580px/public/pictures/article-images/the-coterie-365-st-pauls-terrace-fortitude-valley-2cda559c9628bc991c7b3ceb1408f9cf.jpg?itok=1kJmcief" style="width: 580px; height: 534px;"></a></figure>Walls of floor-to-ceiling glazing border each open living design, heightening a luxurious penthouse aesthetic while embracing the sweeping views. An oasis of light and organic textures, each versatile residence becomes a serene retreat from the busyness below then turns into a sophisticated entertainer with multiple places for dining and lounging with friends. 

The site’s original heritage bakery facade and feature interior elements of St Pauls have been carefully integrated into the development to preserve the history of the Valley with a convenient cafe offering a welcoming, local face to the modern community.

The Alfred Place Street front will extend the lively dynamic of the neighbourhood with a contemporary ground level retail presence to engage with the surrounding urban village.

Within, residents will enjoy the exclusive amenities that offer social spaces, a private rooftop retreat atop each tower, landscaped gardens, sun decks, a swimming pool and alfresco entertaining zone.
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urban.com.au

Already completed and ready to move in - The Coterie offers high quality living.

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A large format retail (LFR) portfolio with assets in New South Wales and Queensland is set to hit the market. 
Listing agent Simon Rooney, JLL’s Head of Retail Investments – Australasia, says that LFR assets offer attractive yields and suggest they are less likely to encounter disruption from online competition.
The assets included in the portfolio up for grabs are: Homemaker The Valley, Fortitude Valley, QLD (pictured above); Homemaker Lake Haven, NSW; Homemaker Greenway &amp; Greenway Plaza, NSW and Homemaker Prospect, NSW. 
 “The LFR sector has clearly benefitted from high growth in residential construction and household turnover,” Rooney said.  
LFR assets offer value-add opportunities such as future redevelopment and high-yielding cash flow, he said.
“The diverse range of tenants and use-types in the assets have transformed them into much more than traditional homemaker centres,” Rooney said.
“ The introduction of gyms, food and lifestyle uses have enhanced customer foot traffic and responded to the strong consumer trend towards health and well-being.
“Last year was a record year for LFR, with over $1.6 billion in transaction volumes recorded – boosted by the sale by LaSalle of Home Hub Castle Hill and Home Hub Marsden Park for $436 million to Aventus in May 2017.
“The LFR sector will benefit from the proposed planning reforms by the NSW Government,which plan to expand the use-types that can operate in LFR zoning and relax the requirements for loading facilities, bringing it in line with VIC and QLD.”
The portfolio will be offered for sale via a formal international expressions of interest campaign, closing 14 June 2018.
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Large format retail portfolio hits the market

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InterContinental Hotels Group (IHG) and Pointcorp, have signed a management agreement for a new build Hotel Indigo, to be located in Brisbane’s Fortitude Valley.
The 140-room hotel on 458 Brunswick Street is the first Hotel Indigo signing for Australia and New Zealand.
It is due to open in 2020.
Hotel Indigo is IHG’s lifestyle boutique hotel offering. 
Karin Sheppard, Chief Operating Officer Australasia &amp; Japan, IHG said the search has been underway since late 2014.
It will be developing it in partnership with Pointcorp whose developments include Brisbane The Highgate and luxuriously appointed riverfront Vida.
IHG currently has 26 hotels operating under four brands in Australia: InterContinental, Crowne Plaza, Holiday Inn and Holiday Inn Express.
Launched in 2004, there are 72 Hotel Indigo properties (8,500 rooms) globally with 68 hotels (9,700 rooms) in the pipeline.
In 2017, Hotel Indigo Bali Seminyak Beach will open.
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j.ballantyne1990-6AQqhLzZaK

IHG signs first Hotel Indigo in Brisbane’s Fortitude Valley

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The Fortitude Valley, Brisbane home of architect James Russell has been listed with $1.8 million to $2.2 million hopes.
Architect James Russell is moving on from his award-winning home, tucked between a heritage-listed church and hall on Brookes Street.
It is located in the middle of Brisbane's urban area, the 1888 built property gives prospective home owners a point of difference in the luxury property market.
It has recently been renovated and the Gothic structure has been converted into a three-bedroom courtyard home with separate commercial office and coffee-shop tenancy in the adjacent building.
Wrapping around a central courtyard, the three-bedroom, two-bathroom home spans three storeys.
It has been marketed as a celebration of concrete, steel and glass along with the warmth of timber joinery. 
There’s a commercial office space opening onto a landscaped forecourt.
There is room to park six cars. 
Matt Lancashire of Ray White New Farm is taking expressions of interest.
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Fortitude Valley Brisbane home of architect James Russell  listed

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Fortitude Valley has the highest proportion of properties rented in 2016 in metropolitan Queensland, according to CoreLogic’s latest report.
The property data firm says that 65% of properties in Fortitude Valley are rented.
This is an increase of 5% compared to 2011 and 10% higher than in 2006.
A two bedroom unit at 79/41 Gotha Street, Fortitude Valley (above) is available for rent for $450 per week.
Another two bedroom unit at 401/29 Robertson Street, Fortitude Valley (below) is available for $550 per week.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/07/27/401_29%20Robertson%20Street.jpg" alt="">
A one bedroom studio at <a href="https://www.realestate.com.au/property-studio-qld-fortitude+valley-421732890" target="_blank">C69/131 Wickham</a>, Fortitude Valley (below) is available for rent for $290 per week.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/08/30/C69_131%20Wickham.jpg" alt="">
A two bedroom apartment at <a href="https://www.realestate.com.au/property-house-qld-fortitude+valley-421722542" target="_blank">43/35 Gotha Street</a>, Fortitude Valley (below) is available for $470 per week for rent.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/08/30/43_35%20Gotha%20Street.jpg" alt="">
Parramatta – Rosehill has the highest proportion of rented properties in 2016 for metropolitan Sydney, according to CoreLogic’s latest report.
The property data firm says that 64% of properties in the Parramatta – Rosehill area are rented.
Below is the residential vacancy rates for Parramatta according to SQM Research.
<a href="https://www.propertyobserver.com.au/images/2017/07/27/Screen%20Shot%202017-07-27%20at%2012.21.14%20pm.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/07/27/Screen%20Shot%202017-07-27%20at%2012.21.14%20pm.jpg" alt="">
In 2006 60% of properties in the area were rented, but it then fell in 2011 to 57% before increasing again in 2016.
Below is the implied property gross rental yield for Parramatta according to SQM Research.
<a href="https://www.propertyobserver.com.au/images/2017/07/27/Screen%20Shot%202017-07-27%20at%2012.21.47%20pm.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/07/27/Screen%20Shot%202017-07-27%20at%2012.21.47%20pm.jpg" alt="">
A two bedroom unit at 10/2-6 Campbell Street, Parramatta is available for rent for $520 per week.
Another two bedroom unit at 6/27-29 Sorrell Street, Parramatta (below) is available for $420 per week.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/07/27/6_27-29%20Sorrell%20Street.jpg" alt="">
The Melbourne CBD has the highest proportion of rented properties in metropolitan Melbourne for 2016, according to CoreLogic’s latest report.
The property data firm says that 63% of properties are currently rented.
Below is the residential vacancy rates for Melbourne according to SQM Research.
<a href="https://www.propertyobserver.com.au/images/2017/07/27/Screen%20Shot%202017-07-27%20at%2011.42.40%20am.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/07/27/Screen%20Shot%202017-07-27%20at%2011.42.40%20am.jpg" alt="">
In 2006 57% of properties in the area were rented before it increased to 59% in 2011 before rising again in 2016.
Below is the implied property gross rental yield for Melbourne according to SQM Research.
<a href="https://www.propertyobserver.com.au/images/2017/07/27/Screen%20Shot%202017-07-27%20at%2011.43.26%20am.jpg" target="_blank">Click to enlarge</a>
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/07/27/Screen%20Shot%202017-07-27%20at%2011.43.26%20am.jpg" alt="">
A one bedroom unit at 1/9 Bell Street, Fitzroy is available for $485 per week.
A two bedroom house at 14 Hughes Street, Carlton North (below) is available for $410 per week.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/07/27/14%20Hughes%20Street.jpg" alt="">
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Fortitude Valley has 65% of properties as rentals: CoreLogic

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Alex Perry Apartments in Brisbane’s upmarket Fortitude Valley, were designed to be an exclusive address at their launch in 2011 with much fanfare.
Then they ran into problems.
First, the developers of the delayed 11-storey apartment block removed all three-bedroom apartments from the design.
The three-bedders were replaced with one-bedroom apartments as part of a “redefined product”.
One-bedroom apartments were priced from $381,000 and two-bedroom units from $550,000.
However, since the initial sales, asking prices of the units have been steadily falling.
All apartments were designed by Alex Perry in conjunction with Cottee Parker Architects.
A one-bedroom apartment, <a href="https://www.realestate.com.au/property-apartment-qld-fortitude+valley-125836930" target="_blank">1112/959 Ann Street</a>, spanning 59 sqm is for sale at $425,000.
The apartment has been on the market since July this year.
It previously sold for $463,439 in October 2013, CoreLogic RP Data shows.
A two-bedroom apartment, <a href="https://www.realestate.com.au/property/unit-404-959-ann-st-fortitude-valley-qld-4006" target="_blank">404/959 Ann Street</a>, remains listed after 769 days at $527,400. 
CoreLogic RP Data shows it last sold for $589,000 in July 2015.
Similarly, a two-bedroom unit, <a href="https://www.realestate.com.au/property-apartment-qld-fortitude+valley-125455306" target="_blank">304/959 Ann Street</a>, which sold for $520,720 in  June 2013, is on the market. The description for the 73 sqm unit says “Urgent Sale for any reasonable offer”. But the listing doesn’t indicate a price. 
Another two-bedroom apartment, <a href="https://www.realestate.com.au/property/unit-309-959-ann-st-fortitude-valley-qld-4006" target="_blank">309/959 Ann Street</a> is listed for $522,000. It has been on the market for 528 days!
The apartment first sold in 2015 for $570,000.
A two-bedroom apartment, <a href="https://www.realestate.com.au/property-apartment-qld-fortitude+valley-126124850" target="_blank">1111/959 Ann Street</a>, sold for $540,960 in 2013. It was listed again in March 2016 and is open to offers above $539,000.
CoreLogic records show that developer Chrome Property acquired the site at 959 Ann Street for $6.27 million in March 2010.
Meanwhile, the Australian fashion designer has secured a <a href="https://www.urban.com.au/news/78219-alex-perry-buys-darlinghurst-investment-apartment" target="_blank" style="font-size: 12.16px;">Sydney investment apartment in Darlinghurst for $1.7 million</a>.
Perry retains an apartment in the FV complex.
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Asking prices going backwards in Alex Perry, Fortitude Valley

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A two-story Fortitude Valley commercial office has sold for $2,625,000 to a local investor through Savills.
The <a href="https://www.realcommercial.com.au/property-offices-qld-fortitude+valley-502217670" target="_blank">141 Robertson Street</a> property sits on a 546 sqm site. 
The building has 660 sqm of floor area spanning over two storeys, and is close to the James Street retail precinct. 
The selling agents were Savills’ Jack Morrison and Nick Russell, who marketed the property via expressions of interest.
The buyer has appointed Apollo Property Group to refurbish the property.  
The James Street retail precinct continues to build momentum, with the opening of the second freestanding David Jones store in Australia, and the current construction of the high end boutique hotel, The Calile. 
 
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Office building in Brisbane’s tightly held Fortitude Valley precinct sells for $2.625 million

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The attention on Brisbane apartment oversupply has been on the newly completed off the plan settlements.
But many established apartments in Brisbane's inner city suburb of Fortitude Valley have quietly notched up resales below their previous sales prices.
Here's a list of some apartments that Property Observer has spotted selling below their first sale prices:
1) <a href="https://www.realestate.com.au/property/unit-509-25-connor-st-fortitude-valley-qld-4006" target="_blank">509/25 Connor Street</a> Fortitude Valley, QLD, 4006
The one-bedroom apartment in the M&amp;A apartment block (above) sold for $320,000 in January 2017, well below its last sold price of $359,660 in 2013, according to CoreLogic RP Data.
It was on the market for 71 days, and was offered for $339,000 earlier in 2016 as well, when it was advertised as the “best deal in Fortitude Valley”.
It was listed for renting for $380 per week in August 2015 and then again a year later in September 2016 for $395 per week.
2) <a href="https://www.realestate.com.au/sold/property-unit-qld-fortitude+valley-124571858" target="_blank">504/25 Connor Street</a>, Fortitude Valley, Qld 4006
This two-bedroom apartment with an area of 74 sqm sold for $425,000 in April 2017 after being on the market for 74 days.
It sold below its previous sale price of $492,000 in 2015. The apartment first sold for $519,000 in 2013, when it was built, CoreLogic RP Data shows.
3) <a href="https://www.realestate.com.au/sold/property-apartment-qld-fortitude+valley-122526038" target="_blank">306/25 Connor Street</a> Fortitude Valley, QLD, 4006
This one-bedroom apartment close to the CBD spanning 61 sqm sold for $315,000 in March 2017, according to CoreLogic RP Data. The apartment was on the market for 337 days.
According to its advert, Ray White agent said it was returning $395 per week.
It previously sold for $371,000.
4) <a href="https://www.realestate.com.au/property-apartment-qld-fortitude+valley-125515742" target="_blank">305/25 Connor Street</a> Fortitude Valley, QLD, 4006
Another one-bedroom unit in the same apartment development - right next door - sold below its previous price.
The latest sale in August 2017 fetched $298,000, well below its previous sale in 2010 at $361,000, CoreLogic RP Data shows.
It was on the market for 188 days.
The unit was advertised for rent at $370 per week.
5) <a href="https://www.realestate.com.au/sold/property-apartment-qld-fortitude+valley-125980430" target="_blank">212/25 Connor Street</a> Fortitude Valley, QLD, 4006
This two-bedroom unit, built in 2013, sold recently for $370,000 after being on the market for just 12 days. However, the sale price was well below its initial sold price of $499,000, CoreLogic RP Data shows.
Even rents have fallen. First advertised for rent in February 2016 for $495 per week, the asking rate was dropped to $480 within a week and earlier this year it was advertised for $450 per week.
6) <a href="https://www.realestate.com.au/property/unit-1016-8-church-st-fortitude-valley-qld-4006" target="_blank">1016/8 Church Street</a> Fortitude Valley, QLD, 4006
This two-bedroom unit in Mosaic Apartments last changed hands for $425,000 in November 2107.
The unit dropped significantly in price from its previous sale in 2012 when it fetched $542,225, CoreLogic RP Data shows.
Asking rents have fallen too from $500 per week in 2015 to $440 by April 2017.
7) <a href="https://www.realestate.com.au/property/unit-5-125-robertson-st-fortitude-valley-qld-4006" target="_blank">5/125 Robertson Street</a> Fortitude Valley, QLD, 4006
This two-bedroom apartment was built in 2000 fetched $400,000 at its recent sale in July 2017, just marginally above its previous selling price of $394,000 in 2010, according to CoreLogic RP Data.
The unit fetched $305,000 in 2006.
It was last advertised for rent at $400 per week. Asking rents have, however, been falling. It was on the market for $475 per week rent previously in 2010.
8) 10/53 Warry Street Fortitude Valley, QLD, 4006
This two-bedroom unit sold for $319,000 in July 2017. Curiously, it sold for $318,000 earlier this year in January. But overall, it has appreciated from its sale in 1998 for $115,000, CoreLogic RP Data shows.
It was last advertised for rent at $380 per week.
 
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