Salisbury at a glance
7,510
People
$1,365,000
Median sale
$606/wk
Median rent
2.31%
Suburb gross yield
Median sale from 50 recorded sales (last 12 months) — a Districts calculation.
QLD › Salisbury › Maurice Ave
$1,439,000
Last sold
9 Oct 2024
5
Bedrooms
5
Bathrooms
2
Car spaces
478 m²
Land
248 m²
Building
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
Last sold
$1,439,000
9 Oct 2024 · derived via latest_sale
Salisbury at a glance
7,510
People
$1,365,000
Median sale
$606/wk
Median rent
2.31%
Suburb gross yield
Median sale from 50 recorded sales (last 12 months) — a Districts calculation.
Vs Salisbury
+5.4%
Median sale
Suburb $1,365,000
-0.12 pp
Gross yield
Suburb 2.31%
Suburb median $1,365,000 from 50 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
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 $606/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.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. 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
Salisbury at a glance
7,510
People
$1,365,000
Median sale
$606/wk
Median rent
2.31%
Suburb gross yield
Median sale from 50 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Hugo Alexander Property Group Fortitude ValleyHugo Alexander is pleased to offer this rare freestanding rooming house in the highly sought after suburb of Salisbury. Positive cash flow assets with 100% occupancy are typically tightly held assets. Salisbury is 9km south of the Brisbane City with easy access to quality retail, sporting grounds, employment centres and public transport.
Do not miss out on this highly prized high yield asset.
Despite being so close the CBD, this property is below the land tax threshold too.
All outgoings, compliance files, tax depreciation and a P&L are available for review.
This High set rooming home sits on a 478sqm lot and has two lock up garages for tenants. The property features a huge 6.6KW solar system is fully furnished and is fully leased. Each room has its own spacious courtyard or balcony, kitchenette, bedroom and living room, ensuite and large wardrobe. All rooms are furnished stylishly to contribute to the highest rent achievable.
Location:
8km from CBD
600m from Salisbury train station
800m from QE2 hospital
1000m from QUT Nathan Campus
800m from bus stops
Easy access to Sunnybank, Westfield Mt Gravatt, highways
Property information:
Zoning is low density residential.
Building area 212sqm net lettable area.
5 bed, 5 bath, 6 kitchen, 5 courtyard, 2 car parks
6.6KW solar, furnished
Brand new rooming house
Lot 2 on SP 290 062.
Rental income:
Currently updating leases to market rates - $430 per room x 4 and $450 for large suite, $20 per garage
The property is fully insured, certified, marketed for lease now and a top shelf cash flow property.
Tax depreciation is the highest in the residential niche.
Don't miss out on this great investment opportunity. We are holding open homes for prospective buyers.
Contact Harry Imam 0403 180 092, harry@hugoalexander.com.au for further information
Listing description written by Harry Imam, Hugo Alexander Property Group Fortitude Valley — reproduced as published, not verified by Districts.