Garbutt at a glance
2,507
People
$620,000
Median sale
$417/wk
Median rent
3.50%
Suburb gross yield
Median sale from 31 recorded sales (last 12 months) — a Districts calculation.
QLD › Garbutt › Lockheed St
$570,000
Last sold
7 Apr 2025
3
Bedrooms
1
Bathrooms
4
Car spaces
1,004 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
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
$570,000
7 Apr 2025 · derived via latest_sale
Local land rate: recorded House sales in Garbutt (last 5 years) with land size have a median of $625/m² of land (n=98). Districts calculation from recorded sales — not a valuation.
Garbutt at a glance
2,507
People
$620,000
Median sale
$417/wk
Median rent
3.50%
Suburb gross yield
Median sale from 31 recorded sales (last 12 months) — a Districts calculation.
Vs Garbutt
-8.1%
Median sale
Suburb $620,000
+0.30 pp
Gross yield
Suburb 3.50%
Suburb median $620,000 from 31 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning data is being calculated
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
QLDPlanning 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.
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
No advertised rent is recorded. Suburb median rent $417/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.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownArea
Garbutt at a glance
2,507
People
$620,000
Median sale
$417/wk
Median rent
3.50%
Suburb gross yield
Median sale from 31 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Explore Property Munro & CoWelcome to an exceptional property offering in a highly sought-after location! This is your chance to secure a dual-site development opportunity with a proposed Development Plan Application (DPA) for two distinctive properties, ideal for savvy investors or developers looking to capitalize on prime real estate. You could potentially split the property, or build a second dwelling on at the rear of this corner block, whilst collecting rent from the existing property. With the current lease expiring in July, you could also move in and just enjoy the large space for yourself and your family.
Property Overview:
Currently one lot, however potentially -
Lot 1: 551 sqm
Lot 2: 452 sqm
Both potential lots are well-positioned with ample space for residential development, each offering great potential.
An existing house is on the 551 sqm block and is returning $420 per week with a lease in place until 22nd July 2025. The last rental increase was on 20th July 2024.
Rent has been appraised as $460-$490 per week.
Rates are
Key Features:
Development Application: The property comes with an application for the Development Plan, saving you time and effort and answering a lot of questions you might have. This is from some time ago so may need to be updated.
Dual-Site Potential: With space for two individual blocks, the potential for multiple dwellings opens up a variety of possibilities, from family homes to investment properties.
Prime Location: Conveniently located close to amenities, schools, transport, and recreational spaces, ensuring high livability and demand.
Strong Capital Growth: Situated in a thriving area with a strong history of capital growth, this property represents a solid long-term investment opportunity.
Endless Possibilities: Whether you're looking to build two single homes or explore the potential for multi-residential development, this is an opportunity that allows for flexibility and a range of lucrative outcomes.
Why Invest Here?
Increased demand for housing in this rapidly developing area means your investment is positioned for strong returns.
Simplified development process thanks to the Development Plan Application being in place.
The perfect opportunity to create two modern homes, multi-dwelling units, or your ideal development project in a highly desirable area, on this corner block allowing for ease of access to future developments.
Seize this unique opportunity to develop two premium properties that will stand the test of time. Call today to arrange a viewing and see the potential for yourself.
Proudly presented to the market by Simone Corrigan. Contact me for an inspection - 0409461319.
Listing description written by Explore Property Munro & Co, Explore Property Munro & Co — reproduced as published, not verified by Districts.
Nearby 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?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). 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
UnknownDevelopment applications have not been queried 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.