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QLD › Macleay Island › Zelma Ct

11 Zelma Ct, Macleay Island QLD 4184

For saleHouse for Sale

$898,000

For sale

Asking

2

Bedrooms

1

Bathrooms

0

Car spaces

961 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $898,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $898,000(Listing record · 10 July 2026)
  • FactLand 961 m²; no building size recorded.(Property record)
  • CalculationAsk is 103% above the Macleay Island median recorded sale ($442,000, n=181, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Macleay Island's advertised median rent ($464/wk), implied gross yield would be 2.69% — 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

$898,000

Asking · $934/m² of land

No recorded sale for this property.

Macleay Island at a glance

3,397

People

$442,000

Median sale

$464/wk

Median rent

5.46%

Suburb gross yield

Median sale from 181 recorded sales (last 12 months) — a Districts calculation.

See the full Macleay Island report →

Vs Macleay Island

+103.2%

Median sale

Suburb $442,000

-2.77 pp

Gross yield

Suburb 5.46%

Suburb median $442,000 from 181 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$898,000
Stamp Duty (Queensland)
$33,435
Transfer/Registration Fee
$3,600
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
$938,735

$40,735 on top of the price (4.5% 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 Macleay Island's advertised median rent — not a rent for this listing.

Net yield
1.19%
Annual cashflow (pre-tax)
$-36,038
Interest cover (DSCR)
0.23
Annual rent
$24,128
Operating expenses
$13,470
Loan amount
$718,400
Annual interest
$46,696
Gross yield
2.69%

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$898,000available10 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 $464/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms. No recorded off-street parking — often a discount versus the suburb median for the same beds.

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 2.7%. 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

Macleay Island in one glance

Macleay Island at a glance

3,397

People

$442,000

Median sale

$464/wk

Median rent

5.46%

Suburb gross yield

Median sale from 181 recorded sales (last 12 months) — a Districts calculation.

See the full Macleay Island report →

Keep researching

  • Why Macleay Island? Read the area thesis →
  • What else is on the market in Macleay Island →
  • Other records on Zelma Ct →

Listing material

Listed by Macleay Island Property Agents

Exceptional Value for Waterfront Property

Some places have a way of slowing time. Secret Beach is one of them.

Tucked away along one of Macleay Island's most tightly held stretches of coastline, this exceptional waterfront property enjoys approximately 20 metres of sandy beachfront on a generous 961m² absolute waterfront allotment. Facing due east across Moreton Bay to North Stradbroke Island, it's a place where every sunrise is different, the tides gently reshape the shoreline, and the ever-changing outlook becomes part of everyday life.

Known affectionately by locals as Secret Beach, this beautiful pocket of Macleay Island is rarely offered for sale. With only a handful of homes enjoying direct sandy frontage, opportunities to purchase here are genuinely uncommon.

Read the full description

Adding peace of mind to this remarkable setting is a substantial 32-tonne engineered granite seawall, providing quality protection while allowing direct access to the sandy beach below.

Freshly painted inside and out, the home has been thoughtfully refreshed while retaining the warmth and character that make it so inviting. Beautiful hand-polished timber floors, soaring ceilings and timber accents create an immediate sense of space, while the home's design embraces its spectacular waterfront position.

At the heart of the home is a generous central living room where natural light pours through and the ever-changing bay becomes the backdrop to daily life. The adjoining eat-in galley kitchen enjoys water views of its own, making even everyday moments feel connected to the outdoors.

Wrapping around the waterside and southern side of the home, the enclosed sunroom is one of its most appealing features. Flooded with natural light and framed by windows, it follows the waterfront, creating a series of inviting spaces that can easily adapt to your lifestyle. Whether it's a quiet reading room, home office, artist's studio, hobby room or simply the perfect place to enjoy your morning coffee, it is a wonderful extension of the home's living areas that keeps the bay in constant view.

The home offers two generous bedrooms, a family bathroom, separate toilet, practical mudroom and an external laundry. While officially a two-bedroom home, its generous proportions and flexible living spaces create a sense of openness that is both welcoming and surprisingly spacious.

Step outside and it's easy to understand why homes in this location are so tightly held.

The expansive timber entertaining deck overlooks beautifully maintained lawns, mature gums and the sandy foreshore beyond. The trees provide shade and privacy while perfectly framing the magnificent outlook across Moreton Bay to North Stradbroke Island. Launch a kayak, throw in a fishing line, stroll along the beach at low tide or simply sit back and watch the changing colours of the bay from your own backyard.

Beneath the home is an impressive multipurpose area of approximately 10m x 5m, complete with two garage doors opening towards the waterfront. Whether you're seeking a workshop, studio, boat storage or additional entertaining space, it offers exceptional flexibility rarely found in waterfront homes.

Some waterfront homes offer a view.

Very few offer a genuine sandy beach, an established coastal setting and a home that sits so naturally within its surroundings.

Secret Beach has remained one of Macleay Island's hidden treasures for generations. Now, one fortunate buyer will have the opportunity to make it their own.

Property Features

961m² absolute waterfront allotment

Approximately 20 metres of sandy beachfront

Highly sought-after Secret Beach location

Due east aspect with panoramic views to North Stradbroke Island

32-tonne engineered granite seawall

Freshly painted internally and externally

Beautiful hand-polished timber floors

High raked ceilings creating a wonderful sense of space

Two generous bedrooms

Family bathroom with separate toilet

Practical mudroom

Spacious open-plan living area with water views

Eat-in galley kitchen

Enclosed sunroom wrapping the waterside and southern side of the home

Separate external laundry

Approximately 10m x 5m under-house workshop, studio or storage area

Expansive waterfront entertaining deck

Direct access to the sandy foreshore

Discover the Macleay Island Lifestyle

Life on Macleay Island is about embracing a slower pace without sacrificing convenience. Just a short passenger ferry or vehicle barge ride from the mainland, the island offers the perfect balance of natural beauty, community spirit and everyday practicality.

Surrounded by the pristine waters of Southern Moreton Bay, residents enjoy boating, fishing, kayaking, sailing and kilometres of picturesque shoreline. The island also offers cafés, clubs, medical facilities, shopping, a primary school, golf course and regular ferry services, making it an increasingly popular choice for those seeking a genuine lifestyle change.

Whether you're looking for a permanent waterfront residence, a peaceful weekend escape or an investment in one of South East Queensland's most unique island communities, Macleay Island continues to offer something increasingly difficult to find—space, tranquillity and a true connection with nature.

Disclaimer: Whilst every effort has been made to ensure the accuracy of the information contained herein, Macleay Island Property Agents makes no warranty or representation as to its accuracy or completeness. Interested parties should rely on their own enquiries, inspections and independent professional advice. Measurements, boundaries, services and improvements are approximate only and are provided as a guide.

Please note: Some marketing images have been digitally furnished to illustrate the potential use of the spaces. Furniture shown is for illustrative purposes only.

Listing description written by Anne Webber, Macleay Island Property Agents — reproduced as published, not verified by Districts.

Property features

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

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.