Graceville at a glance
4,993
People
$1,630,000
Median sale
$762/wk
Median rent
2.43%
Suburb gross yield
Median sale from 29 recorded sales (last 12 months) — a Districts calculation.
QLD › Graceville › Graceville Ave
$1,800,000
Last sold
8 May 2026
4
Bedrooms
2
Bathrooms
2
Car spaces
1,062 m²
Land
394 m²
Building
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
$1,800,000
8 May 2026 · derived via latest_sale
Local land rate: recorded House sales in Graceville (last 5 years) with land size have a median of $2,619/m² of land (n=68). Districts calculation from recorded sales — not a valuation.
Graceville at a glance
4,993
People
$1,630,000
Median sale
$762/wk
Median rent
2.43%
Suburb gross yield
Median sale from 29 recorded sales (last 12 months) — a Districts calculation.
Vs Graceville
+10.4%
Median sale
Suburb $1,630,000
-0.23 pp
Gross yield
Suburb 2.43%
Suburb median $1,630,000 from 29 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning scheme
Brisbane City Plan 2014
Zone
Low density residential
LDR
Jurisdiction
Brisbane City Council
Brisbane, 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 · LDR (Brisbane City Plan 2014). Official parcel area about 1,067 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 $762/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 · LDR (Brisbane City Plan 2014). Official parcel area about 1,067 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 1,067 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
Graceville at a glance
4,993
People
$1,630,000
Median sale
$762/wk
Median rent
2.43%
Suburb gross yield
Median sale from 29 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Place New FarmOn a broad 1,062sqm parcel within one of Graceville's most established riverside streets stands a residence of scale and documented provenance. Known as Koorong, this home was built circa 1914 for John Gilligan, Chief Hansard Reporter for the Queensland Parliament, and his wife Ruth Gilligan, a journalist. Today it remains a rare and private holding with a 22-metre frontage, framed by established gardens and greenery.
Its Federation character reveals itself in every detail, from the pitched terracotta roofline and deep wraparound verandahs to the timber weatherboards and stained glass that catches the light. A lasting sense of craftsmanship underpins the home's authenticity.
Inside, the scale is immediately felt. A central hallway draws you forward beneath soaring ceilings, decorative cornices and breezeways. VJ walls and timber floors create warmth and continuity. The main living room, anchored by a striking fireplace, feels both intimate and substantial. French doors open wide to the verandahs, welcoming cross breezes and allowing the home to expand effortlessly outdoors.
The semi open plan dining and kitchen extends to a private verandah overlooking the expansive lawn and pool. The galley style kitchen is both practical and inviting, with generous cabinetry and bench space, complemented by a gas cooktop, electric oven and dishwasher, and positioned to remain connected to the rhythm of daily life.
Accommodation comprises four well-proportioned bedrooms. The main suite includes a walk-in wardrobe and private ensuite. Three bedrooms open directly onto verandahs, while one features a built-in bay window seat forming a charming reading nook. The main bathroom is well appointed with quality fittings, supporting family living with ease.
The level backyard is framed by mature shade trees, creating privacy and depth rarely found this close to the river. The swimming pool sits within clear view of the home, bordered by lawn for both relaxation and supervision. Additional features enhance everyday comfort and practicality. Air conditioning supports year-round comfort, while the under-house area provides a laundry, workshop and storage room. Side access, off street and garage parking, along with rainwater tanks, enhance overall functionality.
Graceville's riverside pocket remains tightly held, valued for its established streetscape, heritage protections and strong owner occupier presence. River walks, parklands, village cafes and rail are within easy reach, with the CBD approximately 10 kilometres away. A landholding of this scale, combined with a Federation residence of local heritage significance, represents an increasingly rare offering within Brisbane's inner west.
Opportunities to secure a holding of this size and historical significance in such a tightly held location are uncommon. We welcome your inspection of Koorong today.
Listing description written by Ann-Karyn Fraser, Place New Farm — reproduced as published, not verified by Districts.