3/11 Ascog Terrace Toowong, QLD 4066

Whether you're looking for a home of your own or an income-producing asset, this renovated two bedroom apartment in the heart of Toowong is built to suit both. For owner-occupiers, it combines a low-maintenance floorplan with a large private courtyard, a rare feature in apartment living and especially well suited to pet owners. The renovations completed since the original purchase mean you can move in and enjoy it.

For investors, the appeal is the flexibility. The apartment is currently leased on standard long-term residential terms through an external rental business and is tenanted until 24 July 2027, so you have a tenant in place from day one. Once that lease ends, the property can also be placed in the building's short-term rental pool. Body corporate records show the property is vacant only around 8% of the year under that scheme, with a nightly rate of $474 that includes agency fees, repair work and a cleaning service. The estimated return is circa $50,000 per year net, a rental yield of roughly 6.25% to 6.67%.

The location rounds it out. Toowong delivers the convenience of the inner west with the lifestyle of the river, from the shops and cafes of Toowong Village to the walking tracks and bike paths along the Brisbane River. Whether you choose to live here or invest here, you're buying into one of Brisbane's most consistently sought-after suburbs.

• Renovated two bedroom, one bathroom apartment: one carport, with updates completed since the original purchase.
• Large exclusive-use courtyard: private outdoor space for pets, entertaining or relaxing at home.
• Suits owner-occupiers: a low-maintenance home in a convenient inner-west position.
• Tenanted until 24 July 2027: currently leased on standard long-term terms through an external rental business, not in the short-term scheme.
• Short-term rental pool potential: the property can enter the short-term pool once the current lease ends, which is a flexible option for investors.
• Strong occupancy: body corporate records show the property vacant only around 8% of the year under the short-term scheme.
• $474 per night: the rate includes agency fees, repair work and a cleaning service. The estimated return is about $50,000 net per year, or roughly 6.25% to 6.67%. Figures are estimates based on body corporate records and are not a guarantee of future returns.
• Transport options: bus services, Toowong train station and the CityCat nearby, with the CBD about 5km away and Brisbane Airport a straightforward drive.
• Toowong Village and dining: close to Toowong Village, local cafes, restaurants, the Regatta Hotel and medical facilities.
• Riverside lifestyle: dog parks, river walking tracks and bike paths close by, plus the Toowong and Indooroopilly school catchments.