Districts
SuburbsBlogSearch
Sign inGet started
Districts
SuburbsBlogSearch
Sign inGet started

QLD › Macleay Island › Waterside Dr

2 Waterside Dr, Macleay Island QLD 4184

For saleHouse for Sale

$768,000

For sale

Asking

4

Bedrooms

2

Bathrooms

2

Car spaces

1,062 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $768,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $768,000(Listing record · 11 Aug 2026)
  • FactLand 1,062 m²; no building size recorded.(Property record)
  • CalculationAsk is 74% above the Macleay Island median recorded sale ($442,000, n=181, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Macleay Island's advertised median rent ($464/wk), implied gross yield would be 3.14% — 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

$768,000

Asking · $723/m² of land

No recorded sale for this property.

Macleay Island at a glance

3,397

People

$442,000

Median sale

$464/wk

Median rent

5.46%

Suburb gross yield

Median sale from 181 recorded sales (last 12 months) — a Districts calculation.

See the full Macleay Island report →

Vs Macleay Island

+73.8%

Median sale

Suburb $442,000

-2.32 pp

Gross yield

Suburb 5.46%

Suburb median $442,000 from 181 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$768,000
Stamp Duty (Queensland)
$27,585
Transfer/Registration Fee
$2,995
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
$802,280

$34,280 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 Macleay Island's advertised median rent — not a rent for this listing.

Net yield
1.64%
Annual cashflow (pre-tax)
$-27,328
Interest cover (DSCR)
0.32
Annual rent
$24,128
Operating expenses
$11,520
Loan amount
$614,400
Annual interest
$39,936
Gross yield
3.14%

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$768,000available11 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 $464/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 3.1%. 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

Macleay Island in one glance

Macleay Island at a glance

3,397

People

$442,000

Median sale

$464/wk

Median rent

5.46%

Suburb gross yield

Median sale from 181 recorded sales (last 12 months) — a Districts calculation.

See the full Macleay Island report →

Keep researching

  • Why Macleay Island? Read the area thesis →
  • What else is on the market in Macleay Island →
  • Other records on Waterside Dr →

Listing material

Listed by Macleay Island Property Agents

A Private Waterfront Retreat Among the Trees

Tucked into a wonderfully private 1,062m² waterfront block, this is a home that reveals itself gradually. Established gardens and mature trees surround the property, while beyond them Lucas Passage provides a peaceful backdrop and a lovely sense of separation from the world outside.

Arranged over two levels, the home offers far more than its four bedrooms and two bathrooms might initially suggest. There are multiple living and outdoor areas, good separation between the levels and an easy, relaxed character that feels particularly at home on Macleay Island.

Upstairs, timber look floors bring warmth to the light-filled living and dining area, with windows positioned to capture the leafy surrounds and glimpses of the water beyond. The contemporary kitchen is bright and practical, with generous bench space, extensive cabinetry, pantry storage and stainless-steel appliances.

Read the full description

Two bedrooms, a modern bathroom and separate toilet are also located on this level, together with air-conditioning and ceiling fans.

The partially covered rear deck is where the setting really comes into its own. Generously proportioned and looking through the treetops towards Lucas Passage, it is a beautiful place for a morning coffee, a long lunch or an evening spent watching the light change across the water.

Downstairs has a personality all of its own. With separate access, two further bedrooms, another living area, bathroom with a shower over bath, and laundry with kitchenette facilities, it provides valuable additional space for family, guests or those who simply appreciate having room to spread out.

And then there is the outdoor living.

A large, screened area creates an all-weather entertaining space overlooking the garden and water, complete with spa, while a private sauna adds something a little unexpected. Additional decks step out into the established gardens, with quiet corners to sit, relax and enjoy the surrounds.

The 1,062m² allotment has been landscaped with a wonderfully informal, tropical feel. Mature trees provide shade and privacy, lawns offer usable open space, and the home sits comfortably within its environment rather than dominating it.

Fully fenced with electric entry gates and a double carport, the practical elements have been taken care of as well.

Located within walking distance of the Macleay Island Golf Club and Corroboree Park, this is a home for buyers who value privacy, space and a connection with the outdoors. It isn't about manicured waterfront living — it is relaxed, leafy and distinctly island in character.

Features include:

-1,062m² waterfront block overlooking Lucas Passage

-Four bedrooms across two levels

-Two bathrooms plus separate toilet

-Contemporary kitchen with extensive storage and bench space

-Timber look flooring through the main upper level

-Spacious living and dining area

-Large, covered deck with leafy water outlook

-Separate downstairs living area and private access

-Laundry with kitchenette facilities

-Large screened outdoor entertaining area

-Spa overlooking the garden

-Private sauna

-Multiple decks and outdoor sitting areas

-Established tropical gardens and lawn

-Air-conditioning and ceiling fans

-Solar panels

-Fully fenced with electric entry gates

-Double carport

-Walking distance to the Golf Club and Corroboree Park

Macleay Island is just 18 minutes by passenger ferry from Redland Bay, with Brisbane CBD and the airport approximately 45 minutes further by road. The island offers a relaxed village lifestyle with cafés, clubs, hotel, shops, school, medical facilities and essential services all close at hand.

Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, however accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements. Prospective purchasers should make their own enquiries to verify the information contained herein.

Listing description written by Anne Webber, Macleay Island Property Agents — reproduced as published, not verified by Districts.

Property features

  • Built-in Robes
  • Deck
  • Dishwasher
  • Fully Fenced
  • Outside Spa
  • Solar Panels
Districts

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

Research

  • Property search
  • Suburb profiles
  • Blog
  • Calculators
  • Follow suburbs
  • Sign in

Learn

  • How we use data
  • What's covered
  • Questions
  • Who it's for
  • Access

Company

  • About
  • Contact
  • support@districts.com.au

Legal

  • Privacy
  • Terms

© 2026 Districts

districts.com.au

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