Espada
St. Thomas Walk · D09 · Core central region · Apartment
The median sale at Espada was $1,150,000 — $2,400 psf — across 43 transactions between Oct 2021 and Oct 2026. Freehold.
What it costs per month of lease
Espada is freehold, so there is no lease to divide by and no expiry to discount towards. That is the whole of what a buyer is paying the freehold premium for. It runs about a tenth over leasehold on resales in the core central region and in the suburbs, and the city fringe reads the other way. Why that is, and why the national figure is bigger and worse.
Year by year
Too few sales in one or both ends of the window to quote a change, so the years are given as they are.
- 2021three sales$2219
- 202215 sales$2490
- 2023two sales$2487
- 2024five sales$2366
- 202512 sales$2348
- 2026six sales$2330
Show the figures
| Year | Median price | Per sq ft | Sales |
|---|---|---|---|
| 2021 | $1,230,000 | $2,219 psf | 3 |
| 2022 | $945,000 | $2,490 psf | 15 |
| 2023 | $1,252,500 | $2,487 psf | 2 |
| 2024 | $1,250,000 | $2,366 psf | 5 |
| 2025 | $1,214,000 | $2,348 psf | 12 |
| 2026 | $1,415,000 | $2,330 psf | 6 |
What it rents for
URA’s median of rental contracts lodged at Espada in 2026Q3, per square foot per month.
Gross, and the word is doing work. It is before property tax, maintenance and sinking fund, agent commission on each new tenancy, the months between tenants, income tax on the rent, and the mortgage. A net figure would need assumptions about a particular buyer that this site does not get to make.
Other developments in D09
- River Modern · $3,231 psf
- Martin Modern · $2,728 psf
- Oue Twin Peaks · $2,244 psf
- Sophia Hills · $2,096 psf
- The Robertson Opus · $3,362 psf
- Kopar At Newton · $2,531 psf
- River Green · $3,132 psf
- Irwell Hill Residences · $2,896 psf
Transactions from the Urban Redevelopment Authority, covering Oct 2021 to Oct 2026. URA publishes a rolling five-year window; months before it are held in this site’s own archive. A caveat is lodged after a sale is agreed, so the most recent weeks are always incomplete.