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QLD › Westcourt › Gregory St

128/12-21 Gregory St, Westcourt QLD 4870

For saleApartment

$599,000

For sale

Asking

2

Bedrooms

2

Bathrooms

2

Car spaces

158 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $599,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $599,000(Listing record · 19 Aug 2026)
  • FactLand 158 m²; no building size recorded.(Property record)
  • CalculationAsk is 14% below the Westcourt median recorded sale ($700,000, n=20, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Westcourt's advertised median rent ($495/wk), implied gross yield would be 4.30% — 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

$599,000

Asking · $3,791/m² of land

No recorded sale for this property.

Westcourt at a glance

4,044

People

$700,000

Median sale

$495/wk

Median rent

3.68%

Suburb gross yield

Median sale from 20 recorded sales (last 12 months) — a Districts calculation.

See the full Westcourt report →

Vs Westcourt

-14.4%

Median sale

Suburb $700,000

+0.62 pp

Gross yield

Suburb 3.68%

Suburb median $700,000 from 20 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$599,000
Stamp Duty (Queensland)
$19,980
Transfer/Registration Fee
$2,204
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
$624,884

$25,884 on top of the price (4.3% 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 Westcourt's advertised median rent — not a rent for this listing.

Net yield
2.80%
Annual cashflow (pre-tax)
$-14,393
Interest cover (DSCR)
0.54
Annual rent
$25,740
Operating expenses
$8,985
Loan amount
$479,200
Annual interest
$31,148
Gross yield
4.30%

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$599,000available19 Aug 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 $495/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 4.3%. 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

Westcourt in one glance

Westcourt at a glance

4,044

People

$700,000

Median sale

$495/wk

Median rent

3.68%

Suburb gross yield

Median sale from 20 recorded sales (last 12 months) — a Districts calculation.

See the full Westcourt report →

Keep researching

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

Listing material

Listed by Twomey Schriber Property Group

TOP FLOOR LOCATION, 2 CAR SPACES ON TITLE, EXTRA LARGE STORAGE

Welcome to a property that boasts two very precious, money can't buy features. Welcome to one of just a few apartments within this sought after complex that commands two exclusive car space on title. Welcome to apartment 128 Cairns One.

Commanding the sought after top floor location overlooking the pools, framed by a terrific rainforest, mountain view and an incredibly rare 2nd car space on title, this is convenient, low maintenance apartment living, that offers something a little different to the norm.

Features we love;

Read the full description

- South Westerly aspect, framed by lush mountain views

- Positioned on the top floor overlooking the resort style pools

- Highly prised, very rare, additional car space on title

- Open plan, kitchen living and dining room

- Stone kitchen benches, gas cook top, walk-in pantry

- Multiple, versatile storage options throughout

- Secure basement parking with extra large storage cage

- Exceptional internal condition throughout

- New Split-system air-conditioning

- Resort style amenities at your fingertips

- 9 pools, gym, tennis court, convenience store and onsite cafe

- Secure gated complex with after hours security

The Figures;

- Rental Appraisal of $740 plus per week

- Council Rates approx. $3300 per year

- Body Corp Fees $10,490 per year

- Extra large 158m2 on title

- Built 2005

Owner occupiers will love the spacious proportions that apartments in this complex are renowned for. The considered floor plan undoubtedly offers fantastic levels of versatility and functionality, while the complex generously offers all of the lifestyle facilities you can dream off. Location is key when choosing an apartment, and no better location exists than apartments with top floor positioning overlooking the pools and a stunning rainforest, mountain view.

Investors in the complex have always appreciated the unprecedented rental demand from longterm, navy and corporate tenants the complex appeals to, the high rental yield the complex amenities afford as well as the exceptional onsite management, well positioned to ensure the complex and surrounds are maintained to the highest of standards.

For all inquiries or to arrange an inspection, contact Tim Lyon on 0400 355 706

All information contained herein is gathered from sources we believe to be reliable. This Office and its Agent provide no guarantees or undertakings concerning the accuracy, completeness, or current nature of the information and disclaim all liability in respect of any errors, inaccuracies or misstatements contained herein. Prospective purchasers must undertake their own due diligence, enquiries and assume various searches to verify the information contained herein.

Listing description written by Tim Lyon, Twomey Schriber Property Group — reproduced as published, not verified by Districts.

Property features

  • Balcony
  • Built-in Robes
  • Dishwasher
  • Ensuites: 1
  • Gym
  • Pet-Friendly
  • In-Ground Pool
  • Secure Parking
  • Tennis Court

Also look at

Also for sale in Westcourt

  • U750, 12-21 Gregory St, Westcourt QLD 4870

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  • 129/12-21 Gregory St, Westcourt QLD 4870

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  • U1, 8-14 Rose St, Westcourt QLD 4870

    3-bed unit. Currently listed.

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  • 264 Aumuller St, Westcourt QLD 4870

    5-bed house for sale. Currently listed.

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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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