Greenbank at a glance
15,350
People
$1,063,000
Median sale
$656/wk
Median rent
3.21%
Suburb gross yield
Median sale from 125 recorded sales (last 12 months) — a Districts calculation.
QLD › Greenbank › Melaleuca St
$930,000
Last sold
4 Mar 2026
4
Bedrooms
2
Bathrooms
2
Car spaces
350 m²
Land
161 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
$930,000
4 Mar 2026 · derived via latest_sale
Local land rate: recorded House sales in Greenbank (last 5 years) with land size have a median of $2,171/m² of land (n=145). Districts calculation from recorded sales — not a valuation.
Greenbank at a glance
15,350
People
$1,063,000
Median sale
$656/wk
Median rent
3.21%
Suburb gross yield
Median sale from 125 recorded sales (last 12 months) — a Districts calculation.
Vs Greenbank
-12.5%
Median sale
Suburb $1,063,000
+0.46 pp
Gross yield
Suburb 3.21%
Suburb median $1,063,000 from 125 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 $656/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
Greenbank at a glance
15,350
People
$1,063,000
Median sale
$656/wk
Median rent
3.21%
Suburb gross yield
Median sale from 125 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Ray White Brookwater and Greater SpringfieldExcited to share the sale of our little house in Covella, a great result achieved seamlessly for two families working together to finalise this sale.
We assisted with all the sale preparation, including property cleaning, styling & a few maintenance repairs. Now ready to hand the house over to the new family to love & enjoy.
Our team is here to assist with all aspects for a successful sale.
-----------------------------------
Eliza Rees Team presents the newest home available for sale in the stunning Covella Estate, 14 Melaleuca Street will not disappoint! A great location is just the beginning. Once you arrive in the street you are instantly welcomed by the quietness of the street surrounded by bushland serenity. Your search for the perfect family home is now over! Positioned on a 350m2 block & only a stone's throw away from all that Greenbank & the surrounds have to offer, this beautifully designed & maintained home is simply perfect for those seeking a fresh & versatile lifestyle.
Comprising all the modern touches, you'll immediately fall in love with the openness of this home with enough room in the backyard for the kids & pets to play. Offering an unbeatable combination of style, comfort & convenience. With 4 bedrooms, kitchen & dining followed by your main living at the back of the house. Outdoor entertaining area with a low maintenance turfed backyard, there is certainly plenty of room for the whole family.
This home was built only a short time ago & has been loved & cared for so well it feels brand new. If you are looking for an established home in a growing & popular estate of Greenbank this is the one for you. With a near new feeling, you will appreciate all that is on offer & love to call this house a home.
Features you'll love:
| Low maintenance 350sqm lot
| Quiet street
| Four bedrooms - Three with built in wardrobes
| Two bathrooms
| Large kitchen with stone bench with walk in pantry
| 60cm electric cooktop & oven
| Master suite with walk in robe & sliding external door
| Private ensuite
| Double garage
| Air conditioning in the living area & master suite
| Ceiling fans throughout
| Block out roller blinds
| Fly screens throughout
| Hybrid flooring
| Lush carpet
| Ceiling height 2440mm
Covella Estate by Avid Property Group is a beautiful growing premium Greenbank estate, with residential & acreage homes in unison. Lots of parks & walking tracks with so much more to come. Heartland Central Park was opened late 2023 with many more green spaces planned, all within walking distance from all homes in the estate. A beautifully master planned community, with great neighbours. Please read more here: https://covella.avid.com.au/
Specifications
Council: Logan City Council
Build Finish: December 2023
Land: 350m2
Home: 161m2
Rental Appraisal: $670 - $690 per week
Register your interest & offer here or via the external link: https://prop.ps/f6H2A2UfZ1Ye
Disclaimer: We have in preparing this advertisement used our best endeavours to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this advertisement.
Listing description written by Eliza Rees, Ray White Brookwater and Greater Springfield — reproduced as published, not verified by Districts.