Carrara at a glance
14,314
People
$1,410,000
Median sale
$838/wk
Median rent
3.09%
Suburb gross yield
Median sale from 41 recorded sales (last 12 months) — a Districts calculation.
QLD › Carrara › Pappas Way
$730,000
Last sold
30 Jan 2023
4
Bedrooms
1
Bathrooms
3
Car spaces
704 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
Last sold
$730,000
30 Jan 2023 · derived via latest_sale
Local land rate: recorded House sales in Carrara (last 5 years) with land size have a median of $1,488/m² of land (n=62). Districts calculation from recorded sales — not a valuation.
Carrara at a glance
14,314
People
$1,410,000
Median sale
$838/wk
Median rent
3.09%
Suburb gross yield
Median sale from 41 recorded sales (last 12 months) — a Districts calculation.
Vs Carrara
-48.2%
Median sale
Suburb $1,410,000
+2.88 pp
Gross yield
Suburb 3.09%
Suburb median $1,410,000 from 41 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning scheme
City Plan
Zone
Low density residential
Low density residential
Jurisdiction
City of Gold Coast
Gold Coast, QLD
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
QLDZoned Low density residential (City Plan). Official parcel area about 707 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate. Zoning and lot facts are a starting point, not proof this lot outperforms the suburb. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Flood overlay has not been queried for this lot. Missing layer is unknown, not “no.” Minimum lot size is not loaded, so two-lot subdivision is not confirmed. Nearby development applications are not loaded. This lot’s own applications are a separate question.
Rental
No advertised rent is recorded. Suburb median rent $838/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.
3 of 10 questions answered so far
Development optionality of this lot
KnownmediumZoned Low density residential (City Plan). Official parcel area about 707 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate.
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?
KnownmediumOfficial parcel about 707 m² — land size can look like optionality. No material overlays were returned that would explain a discount. That is not proof the price is fair. Nearby DAs, easements, and flood-layer gaps can still explain a cheap-looking listing — those are not all loaded.
Lot-level flood
UnknownFlood overlay has not been queried for this lot. 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
UnknownNo DA adapter returned applications 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
Carrara at a glance
14,314
People
$1,410,000
Median sale
$838/wk
Median rent
3.09%
Suburb gross yield
Median sale from 41 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by RE/MAX Regency Gold CoastBrilliantly Positioned Home Backing onto Well Maintained Reserve with Plenty of ‘Value Adding’ Potential
Okay, the home itself has 3 bedrooms, but wait till you see the potential of the huge (6.6m x 3.5m) carpeted ‘utility’ room located off the covered alfresco area out the back. Presently my vendors use it as a kids play area, but it could be what you want it to be - bedroom/music room/studio/home office – all are possible (with council permission, of course). Maybe it might suit that independently minded teenager or even granny.
Yes, those wanting to enter the market or those who can see the value-enhancing possibilities of this centrally located home, this is a must inspect. It’s good living as is and with the massive 28 solar panels it can be economical living as well. Your chance to give Energex/Origin a damn good kick in the pants!
Even the chef who has all the gadgets and gizmos will love the spaciousness and layout of the renovated kitchen (check the photos). Think taking your canapes and champagne through the French doors to the large covered alfresco area (8.2m x 3.7m) where your guests are enjoying private views over the terraced backyard to the attractive and heavily treed reserve.
The terraced backyard has real potential to add significant value. Even as is, the kids have good playing area and the pups will love the run and romp. But, think about a sparkling swimming pool! Wow!
More than anything else, this is a family home with both public and private schooling within an easy bike ride, but public transport is right at your door stop. All shopping facilities are ever so close too, including at least 15 eateries within a five-minute car ride. Truly central Carrara is blessed with every convenience, as well as the M1 highway just two minutes away, but thankfully, no noise!
Final Comment: I sold my sellers this home five years ago and I do remember the huge interest back then. The home sold quickly, and I expect it will do so again. Be quick to inspect and quick to decide.
Features include
• 704m block – central location slopes to brilliantly long, well-maintained, nicely treed reserve
• Large grassed front yard has potential for improvement via separate carport
• Good side access to undertake pool addition & other improvement potential
• Existing 2 Car undercover carports + room for 3rd car, boat, trailer, and Caravan
• Security door entrance to tiled lounge
• A/C in lounge makes 2 systems for the home: ensuring weather comfort at all times
• Lounge flows through to massive, modernized open plan kitchen (you will love it)
• Kitchen bench, cupboard & drawer storage will appeal the cook with gadgets galore
• Black ceramic hob and HUGE modern oven under + Dishlex d/washer
• Fabulous French doors open to large, covered alfresco area (8.2m x 3.7m)
• Master Bedroom (4.4m x 3.3m) timber flooring, A/C, direct access to bathroom, built- ins
• Bedrooms 2 & 3 – timber flooring + fans
• Modern, fully renovated bathroom with frameless glass shower, attractive cabinetry + WC
• 2nd separate WC
• Roomy separate laundry + storage
• That large covered alfresco area has pleasant views over terraced backyard & reserve
• Huge utility room (6.6m x 3.5m) – great optionality
• Security screens
• Massive 28 panel solar system will get Energex off your back and into the bank!
• Be sure to view the online photos and site/floor plan online
Disclaimer:
RE/MAX use best practice standards in accordance with the latest Government recommendations to help stop the spread of COVID-19. Please inspect our properties with confidence.
Further, in preparing this information we have used our best endeavours to ensure the information contained herein is true and accurate, but we accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies, or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.
Listing description written by Greg Parker, RE/MAX Regency Gold Coast — reproduced as published, not verified by Districts.