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QLD › Crestmead › Greenpark Dr

16 Greenpark Dr, Crestmead QLD 4132

For saleHouse for Sale

$749,000

For sale

Asking

4

Bedrooms

3

Bathrooms

2

Car spaces

450 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $749,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $749,000(Listing record · 3 May 2023)
  • FactLand 450 m²; no building size recorded.(Property record)
  • CalculationAsk is 13% below the Crestmead median recorded sale ($863,500, n=78, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Crestmead's advertised median rent ($591/wk), implied gross yield would be 4.10% — 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

$749,000

Asking · $1,664/m² of land

No recorded sale for this property.

Crestmead at a glance

12,841

People

$863,500

Median sale

$591/wk

Median rent

3.56%

Suburb gross yield

Median sale from 78 recorded sales (last 12 months) — a Districts calculation.

See the full Crestmead report →

Vs Crestmead

-13.3%

Median sale

Suburb $863,500

+0.54 pp

Gross yield

Suburb 3.56%

Suburb median $863,500 from 78 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$749,000
Stamp Duty (Queensland)
$26,730
Transfer/Registration Fee
$2,902
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
$782,332

$33,332 on top of the price (4.5% 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 Crestmead's advertised median rent — not a rent for this listing.

Net yield
2.60%
Annual cashflow (pre-tax)
$-19,451
Interest cover (DSCR)
0.50
Annual rent
$30,732
Operating expenses
$11,235
Loan amount
$599,200
Annual interest
$38,948
Gross yield
4.10%

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$749,000available3 May 2023

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 $591/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 4.1%. 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

Crestmead in one glance

Crestmead at a glance

12,841

People

$863,500

Median sale

$591/wk

Median rent

3.56%

Suburb gross yield

Median sale from 78 recorded sales (last 12 months) — a Districts calculation.

See the full Crestmead report →

Keep researching

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

Listing material

Listed by Professionals Logan City

EASY TO LIVE EASY TO LET OUT

Dual Occupancy Investment Property

A fantastic investment opportunity awaits the savvy investor with this stunning dual-key property which has both exceptional tenants plus sensational returns.. Dual Key Properties offer the safety of two separate leases which makes the perfect investment as you always have an income for the property.

This dual-key property still presents as ensuring a comfortable and stress-free investment. Each side is a separate self-contained home, with it's own rental income stream. The property consists of 3 bedrooms, 2 bathrooms & open plan living to the one side & a 1 bedroom, 1 bathroom open planned living dwelling on the other side both with their own secure car spaces with remote doors, air con, ceiling fans, as well as their own alfresco area with enclosed backyards.

Read the full description

1/33 Greenpark Drive:

-Currently rented for $330 per week fixed term until 26/01/2023

-3 Great sized bedrooms with built in robes and ceiling fans

-Master includes ensuite, walk in robe & air conditioner

-Spacious lounge and dining area with air conditioner

-Large modern kitchen with plenty of cupboard space, dishwasher, range hood, electric cook top and stainless steel oven

-Separate bath and shower with double basins on vanity

-Internal access to single lock up garage

-Nice patio area

-Fully fenced yard

2/33 Greenpark Drive:

-Currently rented for $300 per week fixed term until 26/01/2023

-1 Great sized bedroom with built in robe & ceiling fan

-Air-conditioned lounge area with sliding door to front patio area.

-Modern kitchen with dishwasher, stainless steel oven, range hood and electric cook top

-Breakfast Bar

-Internal laundry

-Modern bathroom with bath and shower

-Security screens on sliding door and windows

26km south-east of Brisbane CBD

Positioned between the Grand Plaza Shopping Centre in Browns Plains and the Logan Hyperdome.

Close to train stations for access to Brisbane CBD and the Gold Coast.

Quick access to the Logan Motorway, Mount Lindesay Highway, and Pacific Motorway.

Nearby Marsden Shopping Centre, Medical Centre, and Library.

Close to Logan Hospital, Logan Institute of TAFE, and Logan Campus of Griffith University. Nearby private and public schools.

This opportunity can't be missed!!! Savvy investors can't go past this one. This is your chance to enjoy a dual-income with this prized offering, don't delay, call me now!!

For a private inspection call Darren on 0466 543 882

Disclaimer: All information found in this document has been collected from sources that we believe to be reliable. However, we are not able to offer any guarantee about the information contained and therefore interested parties should also make their own investigations and research.

Listing description written by Darren Lim, Professionals Logan City — reproduced as published, not verified by Districts.

Property features

  • 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.