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QLD › Ipswich › Thorn St

124 Thorn St, Ipswich QLD 4305

For saleHouse

$920,000–$980,000

For sale

Asking range

4

Bedrooms

1

Bathrooms

2

Car spaces

809 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $920,000–$980,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $920,000–$980,000(Listing record · 7 Aug 2026)
  • FactLand 809 m²; no building size recorded.(Property record)
  • CalculationRecorded House sales in Ipswich (last 5 years) with land size: median $952/m² of land (n=105). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)
  • CalculationAsk is 8% above the Ipswich median recorded sale ($850,000, n=29, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Ipswich's advertised median rent ($499/wk), implied gross yield would be 2.82% — 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. 1No 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

$920,000–$980,000

Asking range · $1,137/m² of land

No recorded sale for this property.

Local land rate: recorded House sales in Ipswich (last 5 years) with land size have a median of $952/m² of land (n=105). Districts calculation from recorded sales — not a valuation.

Ipswich at a glance

2,571

People

$850,000

Median sale

$499/wk

Median rent

3.05%

Suburb gross yield

Median sale from 29 recorded sales (last 12 months) — a Districts calculation.

See the full Ipswich report →

Vs Ipswich

+8.2%

Median sale

Suburb $850,000

-0.23 pp

Gross yield

Suburb 3.05%

Suburb median $850,000 from 29 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Based on the low end of the asking range, not a contract price.

Purchase Price
$920,000
Stamp Duty (Queensland)
$34,425
Transfer/Registration Fee
$3,693
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
$961,818

$41,818 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

Based on the low end of the asking range, not a contract price.

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

Net yield
1.32%
Annual cashflow (pre-tax)
$-35,692
Interest cover (DSCR)
0.25
Annual rent
$25,948
Operating expenses
$13,800
Loan amount
$736,000
Annual interest
$47,840
Gross yield
2.82%

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 unavailable for this jurisdiction (no_adapter:QLD)

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1
  • Parcel: 28RP24449

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$920,000–$980,000available7 Aug 2026
  2. Listedprice unknowncompleted26 June 2026
  3. Listedprice unknowncompleted26 June 2026
  4. Soldprice unknown3 June 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?

Zoning is not available (no_adapter). 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 (no_adapter). 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 $499/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 2.8%. 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

    Zoning is not available (no_adapter).

  • 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 (no_adapter). 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

    No DA adapter returned applications 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

Ipswich in one glance

Ipswich at a glance

2,571

People

$850,000

Median sale

$499/wk

Median rent

3.05%

Suburb gross yield

Median sale from 29 recorded sales (last 12 months) — a Districts calculation.

See the full Ipswich report →

Keep researching

  • Why Ipswich? Read the area thesis →
  • What else is on the market in Ipswich →
  • Other records on Thorn St →

Listing material

Listed by Ray White Ipswich

Unmatched Character Meets Unbeatable Opportunity in Central Ipswich

From the moment you arrive at 124 Thorn Street, Ipswich, you are transported into a world where classic Queensland character and contemporary luxury live in perfect harmony. Every corner of this property tells a story of craftsmanship and heritage-starting with soaring high ceilings, crisp vertical VJ panelling, intricate decorative fretwork, and rich, polished timber floors that carry warmth throughout the entire residence. Sunlight filters softly through elegant stained glass and leadlight windows, casting a gentle glow over inviting open-plan living spaces designed for both quiet, peaceful evenings and joyful family gatherings.

As you wander deeper into the home, you'll discover three generously proportioned, light-filled bedrooms where classic charm meets modern comfort, each equipped with its own split-system air conditioner to ensure tailored climate control year-round. The modern bathroom has been transformed into a luxury spa-like haven, boasting its own dedicated air conditioner, high-end floor-to-ceiling tiling, a sleek floating timber vanity, a deep freestanding soak tub, and a walk-in rainfall shower beautifully accented with brushed gold hardware.

Stepping outside onto the vast covered rear deck, the home invites you to embrace the quintessential Australian outdoor lifestyle. Imagine spending lazy Sunday afternoons alfresco dining, hosting vibrant weekend barbecues, or simply sipping morning coffee while looking out over an expansive, fully fenced yard. Surrounded by lush greenery, the flat 809m² block gives children and pets endless room to play, while wide side-driveway access leads effortlessly to a garden shed and storage hut.

Read the full description

Yet, beyond its immediate beauty and comfort, this property holds a remarkable secret for the future. Sitting on a completely flood-free parcel of land with medium/high-density zoning, 124 Thorn Street offers immense, untapped potential. The expansive backyard easily accommodates a second dwelling-whether that means building a self-contained granny flat for dual-income rental return, housing extended family, or exploring multi-dwelling development options down the track (STCA). Perfectly positioned just moments from the Ipswich CBD, major hospitals, schools, and local transport, this isn't just a place to live-it is a breathtaking sanctuary today and a brilliant investment in your tomorrow.

Listing description written by Corey Lindh, Ray White Ipswich — reproduced as published, not verified by Districts.

Property features

  • Ensuites: 1
  • Toilets: 3
Districts

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.