An 1870s house, kept and turned into the clubhouse
At 23–39 Abbotsford Road an 1870s dwelling still stands between two eight-storey buildings. It was not demolished: it has been restored as the residents' hub, the gym is inside it, and each building carries a pool on its roof. Developer Core Property Partners, architecture by DKO, the buildings named Acacia and Jacaranda. Two and three bedrooms, from $1,299,000, marketed locally by FX Home.
Bowen Hills gets talked about for what is being built around it: the Exhibition station on Cross River Rail, a $287.5 million showgrounds redevelopment, the 2032 athletes village. What is worth checking is when those actually land — and what holds the price up until they do.
$1,299,000from · two and three bedrooms · two eight-storey buildings
Suburb data · BOWEN HILLS
Numbers you rarely see this close to the city
The figures below come from public suburb platforms (htag.com.au and PropRadar), read 28 September 2026.
- Median unit price
- $660,000 – $733,382the two platforms differ; both shown
- Median unit price, 12-month change
- +32.7%
- Median weekly unit rent
- $680about $640 across Brisbane
- Gross unit yield
- about 5.1%
- Rental vacancy
- 0.8%0.9% across Brisbane
- Population
- about 4,898up roughly 22% in five years
- Renting households
- 82%median age 30
Two real reference points beat the percentages. The Acacia price list carries its own rental estimates — $1,200 to $1,325 a week for the three-bedroom apartments. Against a $2,199,000 three-bedroom that is a gross yield of about 3.0%.
The gap between that and the suburb's 5.1% is the building's position: the table covers every apartment in Bowen Hills, including stock built fifteen years ago, while The Abbotsford sits well above the median and sells a new building, a heritage clubhouse and rooftop pools. The developer's estimate is not a signed lease; ask for an independent rental appraisal before signing.
What is for sale · 23–39 ABBOTSFORD ROAD
Two buildings, two and three bedrooms
Prices come from the two price lists dated 21 August 2026 (Acacia and Jacaranda). Areas are internal plus external.
| Type | Configuration | Internal + external | Price range |
|---|---|---|---|
| 2A / 2B | 2 bed, 2 bath, 1 car | 81–89 + 10–13 m² | $1,299,000 – $1,449,000 |
| 2B1.1 | 2 bed, 2 bath, 1 car | 91 + 13 m² | $1,349,000 – $1,414,000 |
| 3B | 3 bed, 2 bath, 2 car | 125 + 14–15 m² | $1,964,000 – $2,129,000 |
| 3A | 3 bed, 2 bath, 2 car | 121 + 10–46 m² | $2,139,000 – $2,349,000 |
| 3C | 3 bed, 2 bath, 2 car | 132 + 12 m² | $2,599,000 |
Acacia is all three-bedroom, $1,979,000 to $2,289,000, and its list states an estimated weekly rent for each apartment ($1,200 to $1,325) — the only part of either building that carries one, which is useful to an investor.
The same type costs more the higher it sits, and aspect (east, north, south-west, south-east) moves the price. Unit 114 carries 41 m² of external space, the largest on either list. Both lists are dated 21 August 2026; ask for the current version before signing.
Delivery and contract · CORE PROPERTY PARTNERS
Plans approved; the date still has to be in writing
Stage
The catalogue records this project as plans approved — that hurdle is behind it.
Completion
Neither price list states one, and neither does the 27-page brochure.
Sunset clause
None appears in the marketing material.
Stage
The catalogue records this project as plans approved.
That is the biggest gap in the file, and we will not guess on the developer's behalf. We can ask for the forecast completion and the sunset date in writing — both belong in hand before contract.
The works around the site do have official dates, and they set what the suburb becomes:
Exhibition station (Cross River Rail)
Open for Showgrounds events since June 2025; year-round services from 2029, when trains run through the new tunnels.
RNA Showgrounds
A $287.5 million redevelopment under construction, delivered by the Queensland Government with the RNA ahead of the 2032 Games.
2032 athletes village
Planned for the Exhibition precinct and designed to convert to permanent housing — about 1,800 apartments, reaching the market after 2032.
AMENITY & DESIGN · THE ABBOTSFORD
A heritage clubhouse, two rooftop pools, eight storeys
The restored 1870s dwelling is the resident hub, with the gym inside it, and each of the two buildings carries a rooftop pool. Architecture by DKO, development and project management by Core Property Partners (managing director Nathan Andersen). What is shared:
- Restored 1870s clubhouse
- Gym inside the heritage house
- Rooftop pool, Acacia
- Rooftop pool, Jacaranda
- Rooftop entertaining space
- Landscaped courtyard gardens
- Walkways linking the buildings
For an owner-occupier these are spaces walked through daily rather than nouns on a brochure. For an investor, an eight-storey building with a rooftop pool and a clubhouse leases more easily than plain stock at the same price — but no rental appraisal exists for this building, and the developer's estimate should not stand in for one.
Location · BOWEN HILLS
The amenity is here now, not in 2029
- Bowen Hills railway station
- in the precinct
- Fortitude Valley
- on foot
- Royal Brisbane and Women's Hospital
- adjacent
- King Street dining precinct and the Brisbane Showgrounds
- within a walk
- Inner City Bypass and Airport Link M7
- at the doorstep
- Howard Smith Wharves, the Story Bridge and New Farm
- marked in the brochure
Catchments are set by the Queensland Department of Education and can change; a family buying for a school should check the contract address on EdMap for the year the child enrols.
Who it suits · THE ABBOTSFORD
Who it suits, and who should think again
Suits: owner-occupiers who want an inner-city apartment and will actually use the shared amenity; investors who believe in the Cross River Rail and Olympic precinct story and can hold past 2029; buyers who would rather pay for a DKO-designed eight-storey building than a thirty-storey tower.
Think again: investors buying for cash flow — the Acacia list's own estimate works out near 3.0% gross against the suburb's 5.1% median; anyone who needs a settlement date, since no document states completion and there is no sunset clause; and anyone weighing medium-term supply, with about 1,800 dwellings due in the same precinct after 2032.
For floor plans, aspects, car and storage allocations, or the current price list, contact FX Home.
Common questions · THE ABBOTSFORD
The four questions buyers ask
When is completion?
Neither price list states one, and neither does the 27-page brochure; no sunset clause appears in the marketing either. Both belong in hand, in writing, before contract — we can request them.
When do the works around it actually land?
Exhibition station has opened for Showgrounds events since June 2025, but year-round services wait on the new tunnels in 2029; the $287.5 million RNA Showgrounds redevelopment is under construction; and the 2032 athletes village only converts to housing after the Games.
What rent should I expect?
The Acacia building's price list carries the developer's own estimate lot by lot: $1,200 to $1,325 a week for a three-bedroom, which is about 3.0% gross on a $2,199,000 apartment — below the suburb's 5.1% median, and that median covers older stock. A developer's estimate is not a lease; get an independent rental appraisal before contract.
Who is it for?
Owner-occupiers who want an inner-city apartment and will actually use the rooftop pool and the heritage clubhouse; investors who believe in Cross River Rail and the Olympic precinct and can hold past 2029; and buyers who would rather pay for a DKO-designed eight-storey building than a thirty-storey tower.
General information only — not financial, legal or tax advice. All details are subject to the Contract for Sale. Prices and rent estimates are from the price lists dated 21 August 2026; suburb statistics were read from public platforms on 28 September 2026; infrastructure dates are from Cross River Rail and Queensland Government material.
