Fortunately, it feels beautiful. If you haven't been there, you can go and have a look.
I studied & worked at QUT from 2006 to 2012 and visited the Art Museum many times. I recently came back as a patron (still free entry!) and not a lot has changed in over 10 years (same space, layout etc). It’s a small contemporary art gallery that has some interesting work (internally curated exhibitions, commissioned projects, touring exhibitions). Traditional art you will not find as it leans towards edgier post-modern art (sculptures/installation art, use of multimedia, etc). It’s right opposite the Botanic Gardens and a convenient stop off while exploring the city.