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QLD › Kelso › Riverway Dr

1588 Riverway Dr, Kelso QLD 4815

For saleHouse for Sale

$979,000

For sale

Asking

4

Bedrooms

3

Bathrooms

4

Car spaces

2,583 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $979,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $979,000(Listing record · 3 Aug 2026)
  • FactLand 2,583 m²; no building size recorded.(Property record)
  • CalculationAsk is 56% above the Kelso median recorded sale ($628,750, n=60, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Kelso's advertised median rent ($513/wk), implied gross yield would be 2.72% — 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

$979,000

Asking · $379/m² of land

No recorded sale for this property.

Kelso at a glance

11,067

People

$628,750

Median sale

$513/wk

Median rent

4.24%

Suburb gross yield

Median sale from 60 recorded sales (last 12 months) — a Districts calculation.

See the full Kelso report →

Vs Kelso

+55.7%

Median sale

Suburb $628,750

-1.52 pp

Gross yield

Suburb 4.24%

Suburb median $628,750 from 60 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$979,000
Stamp Duty (Queensland)
$37,080
Transfer/Registration Fee
$3,973
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
$1,023,753

$44,753 on top of the price (4.6% 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 Kelso's advertised median rent — not a rent for this listing.

Net yield
1.22%
Annual cashflow (pre-tax)
$-38,917
Interest cover (DSCR)
0.24
Annual rent
$26,676
Operating expenses
$14,685
Loan amount
$783,200
Annual interest
$50,908
Gross yield
2.72%

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$979,000available3 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 $513/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 2.7%. 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

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

Kelso in one glance

Kelso at a glance

11,067

People

$628,750

Median sale

$513/wk

Median rent

4.24%

Suburb gross yield

Median sale from 60 recorded sales (last 12 months) — a Districts calculation.

See the full Kelso report →

Keep researching

  • Why Kelso? Read the area thesis →
  • What else is on the market in Kelso →
  • Other records on Riverway Dr →

Listing material

Listed by Ray White Townsville

Rare Absolute Riverfront Living on 2,583sqm - A Lifestyle Like No Other!

Perfectly positioned on a sprawling 2,583sqm allotment with absolute river frontage, this remarkable residence presents an exceptionally rare opportunity to secure one of Townsville's most prestigious waterfront homes. Combining luxurious proportions, exceptional privacy and an unparalleled connection to nature, this is a property that offers a lifestyle few will ever experience.

Beyond the gates, the home unfolds with an expansive floor plan designed to embrace its breathtaking surroundings. Bathed in natural light, the spacious living areas flow effortlessly through oversized bifold doors onto the spectacular entertaining deck, where uninterrupted river views create a stunning backdrop for everyday living.

Designed for families who appreciate both luxury and functionality, the home offers four generously proportioned bedrooms and three beautifully appointed bathrooms, including two private ensuites. The impressive master suite is a true retreat, featuring a walk-through wardrobe, two additional oversized built-in wardrobes and a luxurious ensuite. Every bedroom is individually air conditioned, while ducted central air conditioning provides year-round comfort throughout the home.

Read the full description

A dedicated office adjoining the fourth bedroom offers the ideal work-from-home space, while a separate sitting room or rumpus provides additional flexibility for growing families and effortless entertaining.

Outdoor living is simply exceptional. The expansive timber deck captures uninterrupted river views and provides the perfect setting for long lunches, sunset drinks and memorable gatherings. A huge screened shade pavilion extends the entertaining space even further, allowing you to enjoy the outdoors in complete comfort throughout every season.

Adding to the home's appeal is a solar power system with a new inverter, delivering energy efficiency without compromising on lifestyle.

For those who love the outdoors, this property is truly one of a kind. A rare double-gated driveway provides direct vehicle access to the river, making it effortless to launch a canoe, paddleboard or small watercraft. Spend your afternoons fishing for barramundi in season from your own backyard, explore the river by kayak, or simply relax and immerse yourself in the peace and beauty of this extraordinary waterfront setting.

Property Features:

• 2,583sqm allotment with absolute river frontage.

• Rare double-gated vehicle access directly to the river.

• Four spacious bedrooms.

• Three bathrooms, including two luxurious ensuites.

• Grand master suite with walk-through robe and two additional oversized built-in wardrobes.

• Dedicated home office adjoining the fourth bedroom.

• Separate sitting room or rumpus.

• Ducted central air conditioning plus split-system air conditioning to every bedroom.

• Expansive open-plan living with oversized bifold doors.

• Abundant natural light and captivating river views.

• Expansive timber entertaining deck overlooking the water.

• Huge screened shade pavilion for year-round outdoor entertaining.

• Solar power system with new inverter.

• Garden shed providing additional storage.

Properties of this calibre are exceptionally rare. Offering privacy, scale, absolute river frontage and an enviable lifestyle unlike any other, this remarkable home must be experienced to be truly appreciated.

Perfectly positioned to enjoy both privacy and convenience, this exceptional riverfront residence is approximately a 15-minute drive to Lavarack Barracks, 15 minutes to James Cook University, and 25 minutes to the Townsville CBD, while local schools and major shopping precincts are only moments away. Call Coralie Macdonald 0413 450 652 Ray White Townsville for information on our next Sunday open house.

Disclaimer: Ray White Townsville and the selling agent make no representation or warranty regarding the accuracy of information provided. Prospective purchasers should conduct their own due diligence and make their own enquiries. Some images may include virtual furniture/styling for presentation purposes only and digitally added items do not form part of the property inclusions.

Listing description written by Coralie Macdonald, Ray White Townsville — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Balcony
  • Built-in Robes
  • Deck
  • Ducted Cooling
  • Ensuites: 2
  • Outdoor Entertaining
  • Remote Garage
  • Rumpus Room
  • Secure Parking
  • Solar Panels
  • Study
  • Toilets: 3
Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.