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QLD › Northgate › Melton Rd

24/277 Melton Rd, Northgate QLD 4013

For saleUnit

$799,000

For sale

Asking

2

Bedrooms

2

Bathrooms

1

Car spaces

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $799,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $799,000(Listing record · 10 Aug 2026)
  • CalculationAsk is 45% below the Northgate median recorded sale ($1,455,550, n=26, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Northgate's advertised median rent ($648/wk), implied gross yield would be 4.22% — 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

$799,000

Asking

No recorded sale for this property.

Northgate at a glance

5,160

People

$1,455,550

Median sale

$648/wk

Median rent

2.32%

Suburb gross yield

Median sale from 26 recorded sales (last 12 months) — a Districts calculation.

See the full Northgate report →

Vs Northgate

-45.1%

Median sale

Suburb $1,455,550

+1.90 pp

Gross yield

Suburb 2.32%

Suburb median $1,455,550 from 26 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$799,000
Stamp Duty (Queensland)
$28,980
Transfer/Registration Fee
$3,135
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
$834,815

$35,815 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 Northgate's advertised median rent — not a rent for this listing.

Net yield
2.72%
Annual cashflow (pre-tax)
$-19,837
Interest cover (DSCR)
0.52
Annual rent
$33,696
Operating expenses
$11,985
Loan amount
$639,200
Annual interest
$41,548
Gross yield
4.22%

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$799,000available10 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 $648/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 4.2%. 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

Northgate in one glance

Northgate at a glance

5,160

People

$1,455,550

Median sale

$648/wk

Median rent

2.32%

Suburb gross yield

Median sale from 26 recorded sales (last 12 months) — a Districts calculation.

See the full Northgate report →

Keep researching

  • Why Northgate? Read the area thesis →
  • What else is on the market in Northgate →
  • Other records on Melton Rd →

Listing material

Listed by Arthur Conias Real Estate Ashgrove

Low-Maintenance Living with Comfort and Convenience

* Inspections available by appointment - Call 24hrs

* Open-plan living with private covered balcony

* Split-system air conditioning to living area and bedrooms

Read the full description

* Single lock-up garage with generous storage space

* Convenient access to parks, bikeways and local amenities

* Short walk to Northgate Train Station

Offering a comfortable layout, generous living spaces and excellent connectivity, this two-bedroom, two-bathroom unit presents an appealing opportunity in the heart of Northgate.

At the centre of the home, the open-plan living and dining area is filled with natural light and provides a welcoming space to relax and entertain. The living area extends outdoors to a covered balcony, creating an easy connection between the indoor and outdoor spaces. The adjoining kitchen features a breakfast bar and ample cabinetry, while remaining conveniently positioned alongside the living and dining areas.

Both bedrooms feature built-in wardrobes, with the main bedroom enjoying the added benefit of a private ensuite. The central bathroom includes a full-sized bath and incorporates the laundry, while split-system air conditioning to the living area and both bedrooms provides year-round comfort.

Completing the property is a single lock-up garage with a generous storage area, offering plenty of space for bikes, tools and additional belongings. Residents also enjoy access to the complex swimming pool, adding another lifestyle amenity without the maintenance of a private pool.

Positioned for easy everyday living, the property is surrounded by excellent transport, shopping and lifestyle amenities. Bus stops are just 260m away, while Northgate Train Station is approximately 450m from your door, making commuting to Brisbane CBD and surrounding suburbs simple.

For your day-to-day needs, Nundah Village is only 1.6km away, with Woolworths, cafés, restaurants, medical services and more. When it is time to unwind, local parks, playgrounds and the Kedron Brook Bikeway are close by, while Nudgee and Virginia golf courses are also within easy reach.

Families will appreciate having Northgate State School within walking distance, while a range of well-regarded private schools, including Mary MacKillop College and St Joseph's Nundah, are also easily accessible throughout Brisbane's northern suburbs.

Whether you are searching for a low-maintenance home in a well-connected location or an investment with strong rental appeal, 24/277 Melton Road is well worth inspecting.

* Important * Whilst every care is taken in the preparation of the information contained in this marketing, Arthur Conias Real Estate will not be held liable for any errors in typing or information. All information is considered correct at the time of publishing.

Listing description written by Arthur Conias - Ashgrove, Arthur Conias Real Estate Ashgrove — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Balcony
  • Dishwasher
  • Pool
  • In-Ground Pool
  • Secure Parking
  • Toilets: 2
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.