To enquire, please email or call 1300 815 051 and enter code 8388
Price: $450,000 for 50% ownership
Whole House Price: Negotiable
A rare opportunity to purchase 50% ownership of a 2 bed, 1 bath, 1 car unit in a tightly held complex of only 4 units.
Ownership is structured under a Tenant in Common (TIC) title, giving you exclusive use of one bedroom and shared use of the common areas.
The seller currently owns Units 2, 3 and 4, providing strong alignment for future development and long-term stability.
FINANCE OPTION
100% Loan with $0 Deposit may be available to eligible buyer.
Eligible owner occupiers may access:
• $0 deposit finance benefit, subject to
o a satisfactory interview with the owner, and
o bank approval
• Vendor willing to provide a limited guarantee of up to 20% for the whole loan amount for the whole loan term to assist with loan approval
• Once the buyer pays back the deposit to the bank, the vendor’s guarantee is released, and the owner occupier condition is removed
This structure allows first time buyers to enter the market with minimal upfront cost, while remaining fully compliant with lender requirements.
Choose Your Room (Two Options Available)
Option 1 – Large Bedroom with City View (Level 3)
• Spacious bedroom with two large windows
• Elevated city views
• Located on Level 3
• Near new air conditioner
• Bright, breezy and private
Option 2 – Smaller Bedroom + Exclusive Undercover Car Park
• Compact bedroom with one window
• Comes with exclusive undercover car space
• Ideal for buyers who prioritise secure parking
Financial Advantage for UQ Students or PA Hospital Employees or anyone wants to buy the premium property in Fairfield
This opportunity is ideal for two UQ students or two PA Hospital employees wanting an affordable entry into the Fairfield property market.
If two buyers jointly purchase the large bedroom as a combined 25% share each (total 50% of Unit 3), the cost becomes:
$225,000 per buyer (for 25% ownership each)
The large bedroom comfortably fits two single beds, making it suitable for:
• Two students
• Two healthcare workers
• Two friends entering the property market together
This provides an exceptionally low entry point into a high value inner south Brisbane suburb, especially with the vendor assisting with the 20% limited guarantee.
(This is not financial advice. Buyers should seek independent financial guidance)
Shared Areas (Common Use)
As a 50% TIC owner, you share access to:
• Downstairs laundry (shared with the occupants of the other 50% share)
• Kitchen, living room, and bathroom upstairs
• Large open common areas within the complex
• Huge backyard (approx. 15m x 15m)
The complex consists of only 4 units, offering privacy, space and long-term value.
Occupancy Rules (Legally Binding TIC Condition)
Australian tenancy rules generally allow up to 5 unrelated people to live in a single dwelling.
To prevent overcrowding and maintain harmony, this TIC agreement will include a legally binding occupancy limit:
Maximum 2 people may reside in each bedroom of Unit 3/12 Cross Street.
This protects all co-owners and ensures long term stability.
Shared Costs (50% Split)
All ongoing property costs are shared equally between the two TIC owners of Unit 3:
• Electricity
• Gas
• Water
• Body corporate fees ($400 per quarter / 2)
• Council rates $611.80 per quarter / 2 for 50% share.
This ensures transparent, predictable ownership expenses.
The new owner will have option to rent the other room at market rent of the shared room.
Future Development Potential (Subject to Council Approval)
The rear 15m x 15m backyard provides significant upside:
• Potential to add 2 additional car spaces
• Potential to build 2 new units with balconies and lift access
• Preliminary opinion from Brisbane City Council indicates the proposal is feasible, subject to a formal DA and unanimous agreement from all 4 owners
With the seller already owning three units, alignment for future development is exceptionally strong.
Flexible Ownership & Investment Pathways
Owning 50% of Unit 3 gives you multiple options:
• Live in your chosen room
• Rent out your room for income
• Participate in future development
• Build a new 2-bedroom dwelling at the back (subject to approvals)
• Move into the newly built dwelling and sell your 50% share
• Hold long term for capital growth in a tightly held Fairfield pocket
This is a rare hybrid of affordable entry, secure ownership, and development upside.
Location Highlights
• Walk to Fairfield Station
• Close to Fairfield Gardens Shopping Centre
• Minutes to UQ, PA Hospital, South Bank, and CBD
• Quiet street with strong owner occupier presence
• Elevated position (check council flood maps)
Enquire Now
This is a unique, high potential ownership model rarely available in Brisbane. Contact the owner today to discuss the TIC structure, room options, finance arrangements, and inspection times.
To enquire, please email or call 1300 815 051 and enter code 8388
