Millbank at a glance
2,614
People
$620,000
Median sale
$560/wk
Median rent
4.70%
Suburb gross yield
Median sale from 27 recorded sales (last 12 months) — a Districts calculation.
$569,000
For sale
Asking
4
Bedrooms
1
Bathrooms
1
Car spaces
612 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
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
Asking
$569,000
Asking · $930/m² of land
No recorded sale for this property.
Millbank at a glance
2,614
People
$620,000
Median sale
$560/wk
Median rent
4.70%
Suburb gross yield
Median sale from 27 recorded sales (last 12 months) — a Districts calculation.
Vs Millbank
-8.2%
Median sale
Suburb $620,000
+0.42 pp
Gross yield
Suburb 4.70%
Suburb median $620,000 from 27 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
$24,394 on top of the price (4.3% extra)
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.
Pre-filled with Millbank's advertised median rent — not a rent for this listing.
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.
Planning
Planning data is being calculated
Data unavailable
Source
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 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 exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
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
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
QLDPlanning 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.
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
No advertised rent is recorded. Suburb median rent $560/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
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.
Gross yield if leased at the suburb aggregate is 5.1%. 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
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.”
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
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
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownNearby development applications are not loaded. This lot’s own applications are a separate question.
Honest achievable rent
KnownlowThis 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
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
Millbank at a glance
2,614
People
$620,000
Median sale
$560/wk
Median rent
4.70%
Suburb gross yield
Median sale from 27 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by NGU Real Estate BundabergConveniently positioned, this freshly updated four‑bedroom home on a 612m² corner allotment delivers comfort, outstanding convenience and strong future potential for both investors and homeowners. Move straight in and enjoy a home where the major cosmetic improvements have already been completed.
Thoughtfully refreshed, the property features new flooring, updated internal and external paint, creating a bright, refreshed look throughout. The well-designed layout offers four bedrooms, a functional bathroom, a kitchen with brand-new appliances including a gas stovetop and dishwasher.
For investors, the second‑dwelling potential represents a rare opportunity to unlock additional income and strengthen long‑term returns. Its highly convenient Millbank location - close to major medical facilities, shopping and the CBD - ensures strong rental appeal, attracting quality tenants seeking proximity to essential services. Combined with dual‑street access and a freshly updated main residence, the property offers an attractive blend of low maintenance, high yield potential and long‑term growth prospects.
For families, the generous corner allotment provides exceptional flexibility. Whether creating a multigenerational living arrangement, adding a private retreat or constructing a large shed to accommodate caravans, boats or multiple vehicles. Combined with its convenient position near key amenities, it's a home that adapts to changing needs while supporting an easy, well‑connected lifestyle.
FEATURES:
• Renovated, move-in ready home
• 612m² corner allotment with dual-street access and strong potential for development or future additions
• Four spacious bedrooms
• Light-filled kitchen, dining and living
• Brand-new gas stovetop and dishwasher
• Ceiling fans in kitchen, living and main bedroom
• Single carport plus additional off-street parking
• Flood-free location providing peace of mind
DISTANCE TO AMENITIES (APPROX):
• Sugarland Shopping Centre: 1.4km, 3 minute drive
• Bundaberg Base Hospital: 1.9km, 4 minute drive
• Bundaberg CBD: 3.1km, 6 minute drive
• Hinkler Central Shopping Centre: 3.4km, 6 minute drive
• Avoca State School: 1.9km, 3 minute drive
• Norville State School: 1.9km, 3 minute drive
• St. Patrick's Catholic School: 1.9km, 3 minute drive
• Bundaberg State High School: 3.2km, 6 minute drive
• Shalom Catholic College: 3.6km, 6 minute drive
• Bundaberg Train Station: 3.0km, 6 minute drive
• Bundaberg Airport: 2.9km, 5 minute drive
Disclaimer: The Seller, NGU Real Estate and its representatives make no representations or warranties of any kind, express or implied, as to the accuracy, completeness, or currency of the information contained herein. No liability will be accepted for any errors, omissions, or misstatements. All figures, illustrations, descriptions, and images are provided for general information purposes only and are subject to change without notice. Images have been digitally enhanced and are intended for illustrative purposes only. Prospective purchasers and interested parties must undertake their own independent inquiries, inspections, and due diligence, and obtain independent legal and professional advice prior to making any decisions or commitments.
Disclaimer:
All information contained herein is gathered from sources we consider to be reliable however we cannot guarantee or give any warranty about the information provided and interested parties must solely rely on their own enquiries.
Listing description written by Nhan Tran, NGU Real Estate Bundaberg — reproduced as published, not verified by Districts.