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 › Backwater Rd
$291,030
For sale
Asking
4
Bedrooms
2
Bathrooms
8
Car spaces
32,051.103 m²
Land
Districts View
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
Asking
$291,030
Asking · $9/m² of land
No recorded sale for this property.
Local land rate: recorded House sales in Greenbank (last 5 years) with land size have a median of $2,178/m² of land (n=146). 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
-72.6%
Median sale
Suburb $1,063,000
+8.51 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.
$13,118 on top of the price (4.5% extra)
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.
Pre-filled with Greenbank's advertised median rent — not a rent for this listing.
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.
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.
Gross yield if leased at the suburb aggregate is 11.7%. 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
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 Coronis SouthportAPPROX. EIGHT-ACRE HORSE PROPERTY WITH SPACE, PRIVACY AND POTENTIAL
Set across approx. eight acres, 148-156 Backwater Road presents an excellent opportunity to secure a genuine horse property offering space, privacy and a relaxed rural lifestyle.
Fully rebuilt in 2019 and positioned approximately 1.2 metres off the ground, the home has been designed for comfortable family living and easy enjoyment of its peaceful surroundings. The practical floorplan includes four bedrooms and two bathrooms, complemented by generous front and rear decks that provide inviting spaces for entertaining, quiet mornings and taking in the rural outlook.
Property Details:
• Forecast Rental Appraisal: $1000 - $1300 per week
• Council Rates - Approx. $720 per quarter
At the heart of the home is a well appointed kitchen featuring stone benchtops, while a newly installed fireplace creates a warm and welcoming focal point within the living area.
The generously proportioned master bedroom measures approximately 4.6m x 6.9m and includes air conditioning, with an additional bedroom also air conditioned for year round comfort. Polished timber flooring extends through approximately half of the home, with complementary flooring finishes throughout the remaining spaces.
Well suited to horse owners, the property includes three paddocks, an established riding area and a practical range of supporting structures. The approximately 1.5-acre middle paddock has recently been slashed and incorporates the riding area, while the flat lower paddock offers further flexibility for grazing, horses or other rural uses.
Adding further appeal to the rural lifestyle, the property is home to approximately 35 established macadamia trees, while the dam positioned toward the rear of the property provides a reliable water feature and, as advised by the owners, remains full year round.
For those who enjoy an active outdoor lifestyle, approximately 3.5km from the property is access to an extensive network of horse riding, mountain biking and walking trails stretching through scenic bushland for hundreds of kilometres. The well maintained trail network provides an outstanding opportunity to explore the surrounding landscape directly from this peaceful acreage setting.
A selection of sheds, carports and dedicated horse areas provides useful storage and accommodation for vehicles, machinery, equipment and a horse float.
Despite its peaceful acreage setting, the property also offers excellent convenience for families, with a number of schools located within close proximity and a bus stop positioned directly out the front of the property.
PROPERTY FEATURES
• Approx. eight acres
• Four bedroom, two bathroom home
• Rebuilt in 2019
• Home elevated approximately 1.2 metres off the ground
• Stone kitchen benchtops
• Newly installed fireplace
• Air conditioning to the master bedroom and one additional bedroom
• Front and rear entertaining decks
• Polished timber flooring
• Three established paddocks
• Approximately 1.5 acre middle paddock with an established riding area
• Middle paddock recently slashed
• Flat lower paddock
• Approximately 35 established macadamia trees
• Rear dam that, as advised by the owners, remains full year round
• Approximately 3.5km to an extensive network of horse riding, mountain biking and walking trails
• Scenic bushland trails extending for hundreds of kilometres
• 12.1m x 6.1m shed
• 7.8m x 6m gable-roof structure
• 6m x 6m dedicated horse area
• Single carport suitable for a horse float
• 9.2m x 6.2m Dutch gable carport
• Practical horse property infrastructure
• Multiple schools within close proximity
• Bus stop positioned directly out the front of the property
Offering the space to enjoy a genuine rural lifestyle, along with the flexibility to accommodate horses, vehicles and equipment, 148-156 Backwater Road is a versatile acreage property with excellent potential for families, horse owners and buyers seeking room to grow, all while remaining conveniently connected to nearby schools, transport and an exceptional network of surrounding recreational trails.
Contact for further information.
Kyle Plunkett - 0468 672 866
***Disclaimer:
The agent has taken reasonable steps to verify the accuracy of the information contained in this marketing and advertising material. However, all information is provided as a guide only and should not be relied upon as a representation of fact.
Prospective buyers should make their own enquiries, conduct their own due diligence and seek independent advice to satisfy themselves as to the accuracy, condition, suitability and completeness of the information provided in relation to the property. To the extent there is any inconsistency between this marketing or advertising material and the Form 2 Seller Disclosure Statement for the property, the Form 2 Seller Disclosure Statement will prevail.
If this property is being sold by auction or without a price, a price guide cannot be provided. Any website or portal may have filtered the property into a price bracket for website functionality purposes only.
Some marketing images may contain virtual furniture, furniture staging, digital enhancements or AI-generated enhancements for illustrative purposes. Any such images are intended to assist with visual presentation only and may not reflect the actual property features, furnishings, condition, layout, size, views or presentation. Buyers should rely on their own inspections, enquiries and independent advice.
Listing description written by Kyle Plunkett, Coronis Southport — reproduced as published, not verified by Districts.