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QLD › Tamborine Mountain › Palm Grove Ave

10-14 Palm Grove Ave, Tamborine Mountain QLD 4272

For saleHouse

$1,000,000

For sale

Asking

3

Bedrooms

2

Bathrooms

2

Car spaces

1,209 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $1,000,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $1,000,000(Listing record · 28 July 2026)
  • FactLand 1,209 m²; no building size recorded.(Property record)
  • CalculationRecorded House sales in Tamborine Mountain (last 5 years) with land size: median $995/m² of land (n=76). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)
  • CalculationAsk is 10% below the Tamborine Mountain median recorded sale ($1,110,000, n=55, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Tamborine Mountain's advertised median rent ($799/wk), implied gross yield would be 4.15% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.

Price evidence

The ask against the evidence

Asking

$1,000,000

Asking · $827/m² of land

No recorded sale for this property.

Local land rate: recorded House sales in Tamborine Mountain (last 5 years) with land size have a median of $995/m² of land (n=76). Districts calculation from recorded sales — not a valuation.

Tamborine Mountain at a glance

8,493

People

$1,110,000

Median sale

$799/wk

Median rent

3.74%

Suburb gross yield

Median sale from 55 recorded sales (last 12 months) — a Districts calculation.

See the full Tamborine Mountain report →

Vs Tamborine Mountain

-9.9%

Median sale

Suburb $1,110,000

+0.41 pp

Gross yield

Suburb 3.74%

Suburb median $1,110,000 from 55 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$1,000,000
Stamp Duty (Queensland)
$38,025
Transfer/Registration Fee
$4,066
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$1,045,791

$45,791 on top of the price (4.6% extra)

  • Stamp Duty (Queensland)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: Queensland schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Pre-filled with Tamborine Mountain's advertised median rent — not a rent for this listing.

Net yield
2.65%
Annual cashflow (pre-tax)
$-25,452
Interest cover (DSCR)
0.51
Annual rent
$41,548
Operating expenses
$15,000
Loan amount
$800,000
Annual interest
$52,000
Gross yield
4.15%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.

Site

Terrain

Terrain has not been calculated for this property yet.

Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.

Flood, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

For more information on this property, visit Queensland Globe↗.

Records

Property history

  1. Listed$1,000,000available27 July 2026

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

QLD

Why this lot, not just this suburb

Why could this property outperform?

Planning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.

What could kill that thesis?

Confidence: low

Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded. This lot’s own applications are a separate question.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $799/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

Current comparable rental listings within 400 m of this lot are not loaded. Nearby development applications are not loaded. This lot’s own applications are a separate question. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 4.2%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.

Verdict

What this means for this property

Districts view

Not enough official evidence yet to underwrite this as an investment.

Detail

The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”

Read more

Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.

The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.

Evidence

What is known for this property

Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.

1 of 10 questions answered so far

  • Development optionality of this lot

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Nearby development applications are not loaded. This lot’s own applications are a separate question.

  • Honest achievable rent

    Knownlow

    This is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.

  • Rental supply pressure

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Tamborine Mountain in one glance

Tamborine Mountain at a glance

8,493

People

$1,110,000

Median sale

$799/wk

Median rent

3.74%

Suburb gross yield

Median sale from 55 recorded sales (last 12 months) — a Districts calculation.

See the full Tamborine Mountain report →

Keep researching

  • Why Tamborine Mountain? Read the area thesis →
  • What else is on the market in Tamborine Mountain →
  • Other records on Palm Grove Ave →

Listing material

Listed by Ray White Rural Tamborine Mountain

Prime Olde Eagle Heights Position

Positioned right in the heart of sought-after Olde Eagle Heights, this is a rare chance to secure a generous 1,209m² parcel of land in one of Tamborine Mountain's most established and convenient locations.

Surrounded by mature trees and character homes, the property offers plenty of space, privacy and potential - all within walking distance of National Parks, local schools, Gallery Walk, shops, cafés and restaurants.

Sitting on the land is an original mountain cottage that is ready for someone with a little vision to bring it back to life. Whether you're looking for a renovation project, a character home to make your own, an investment or simply a great piece of land in a prime position, there is plenty here to work with.

Read the full description

The cottage also offers additional flexibility downstairs, with a self-contained flat and separate entrance - ideal for extended family, guests, dual living or potential Airbnb accommodation.

With 1,209m² to play with, there is plenty of room to make this property your own. The land is currently held over two titles, adding another interesting element to an already unique property.

Small glimpses towards the Gold Coast can be seen through the treetops, but for us, the real attraction here is the land, location and opportunity. Large parcels this close to the heart of Olde Eagle Heights are becoming increasingly difficult to find.

Property Features

Generous 1,209m² parcel in prime Olde Eagle Heights

Walk to Gallery Walk, cafés, restaurants, shops and National Parks

Original character cottage ready to renovate and add value

Self-contained downstairs flat with separate entrance

Great potential for dual living, guests or Airbnb

Established trees providing privacy and a lovely mountain setting

Land currently held over two titles

Fantastic opportunity to renovate, invest or create your own mountain home

Whether you renovate the existing cottage, create a wonderful mountain home or hold as an investment, it's the size of the land in this location that makes this property particularly special.

Contact us today for further information or to arrange your private inspection.

Disclaimer

The agent and seller make no representation or warranty, expressed or implied, as to the accuracy, completeness, or suitability of the information contained in this advertisement. All measurements, boundaries and property details are approximate and subject to verification by the purchaser. Prospective buyers must rely on their own inspections, due diligence and independent legal, financial and building advice. Purchasers should also make their own enquiries with the local council, including but not limited to zoning, building approvals, land use and future planning, to confirm the property's suitability for their intended purpose. This advertisement does not constitute an offer or contract of sale.

Listing description written by Emma Hawker, Ray White Rural Tamborine Mountain — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Balcony
  • Courtyard
  • Floorboards
  • Grey Water System
  • Secure Parking
  • Study
  • Toilets: 2
  • Water Tank

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Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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