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Condo prices · D09

Irwell Hill Residences

Irwell Hill · D09 · Core central region · Apartment

The median sale at Irwell Hill Residences was $1,897,000 — $2,896 psf — across 201 transactions between Oct 2021 and Oct 2026. 99-year lease from 2020.

Median price
$1,897,000
201 sales in the window.
Median per sq ft
$2,896 psf
Median unit 657 sq ft.
Lease remaining
93 years
99-year lease from 2020

What it costs per month of lease

A lease is a wasting asset. Spread the median price across the months of lease that are left and the figure is comparable between a dear flat with a long lease and a cheap one with a short one — which is the comparison a price alone cannot make.

Price per month of lease
$1,700
$1,897,000 over 93 years remaining.
Per sq ft per year
$31.07
What a square foot of this development costs for one year of lease.
Lease expires
2119
6 per cent of the lease already run.

This is the purchase price divided by the lease, and nothing else. It excludes stamp duty, the interest on a mortgage, maintenance and property tax. The calculator adds those.

New sales, sub-sales and resales

A new sale is bought from the developer at a list price; a resale is negotiated. The gap between them is the clearest read on how much of a launch price is the launch.

Kind of saleMedian pricePer sq ftSales
New sale$1,879,000$2,888 psf153
Sub-sale$1,950,000$2,986 psf29
Resale$2,000,000$2,997 psf19

Year by year

The median moved up 7 per cent a square foot between 2021 and 2026. The sale count beside each year is how much evidence that year rests on.

  • 202122 sales$2825
  • 202297 sales$2881
  • 202331 sales$2996
  • 2024four sales$2732
  • 202531 sales$2986
  • 202616 sales$3010
Show the figures
YearMedian pricePer sq ftSales
2021$1,823,500$2,825 psf22
2022$1,897,000$2,881 psf97
2023$1,826,000$2,996 psf31
2024$1,765,000$2,732 psf4
2025$1,980,000$2,986 psf31
2026$2,002,500$3,010 psf16

What it rents for

URA’s median of rental contracts lodged at Irwell Hill Residences in 2026Q3, per square foot per month.

Median rent per sq ft
$8.68
A month. Middle half of contracts ran $8.25 to $9.08.
Gross yield
3.60%
A year of median rent against the median sale price.
Median sale per sq ft
$2,896 psf
The figure the rent is divided into.

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

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.