Molendinar at a glance
6,707
People
$1,275,000
Median sale
$789/wk
Median rent
3.22%
Suburb gross yield
Median sale from 36 recorded sales (last 12 months) — a Districts calculation.
QLD › Molendinar › Forrest Ave
$1,100,000
Last sold
15 Aug 2024
3
Bedrooms
2
Bathrooms
6
Car spaces
910 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
$1,100,000
15 Aug 2024 · derived via latest_sale
Sources disagree on the sale price. All recorded figures are shown in the history below — Districts does not pick a winner.
Local land rate: recorded House sales in Molendinar (last 5 years) with land size have a median of $1,509/m² of land (n=116). Districts calculation from recorded sales — not a valuation.
Molendinar at a glance
6,707
People
$1,275,000
Median sale
$789/wk
Median rent
3.22%
Suburb gross yield
Median sale from 36 recorded sales (last 12 months) — a Districts calculation.
Vs Molendinar
-13.7%
Median sale
Suburb $1,275,000
+0.51 pp
Gross yield
Suburb 3.22%
Suburb median $1,275,000 from 36 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 $789/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
Molendinar at a glance
6,707
People
$1,275,000
Median sale
$789/wk
Median rent
3.22%
Suburb gross yield
Median sale from 36 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Matrix Global Real EstateAttention to all investors and developers!
Charming low-set brick home sits on a sprawling 910m² corner block.
DA approved for subdivision plans. Lot1- 452m2; Lot2-458m2
Currently, the property features a meticulously maintained three-bedroom, two-bathroom home, perfect for first-time homeowners and savvy investors alike. Step inside to a luminous, open-plan living, dining, and kitchen area adorned with new floor tiles and equipped with sleek stainless-steel appliances. Outside, a tranquil covered alfresco patio overlooks lush private gardens, providing an inviting space for entertaining or quiet relaxation.
Convenience meets opportunity with this property's prime location. Amenities including parks, public transport, Central Park Plaza, and Trinity Lutheran College campuses are all within walking distance. Ashmore City Shopping Centre and Ashmore State School are approximately 2km away, while Griffith University and Gold Coast University Hospital are around 4km distant.
Seize the moment to reimagine and transform this property into your dream abode or capitalize on its investment and development potential.
Property Highlights:
*Low-Set Brick Home: Ripe with potential
*Expansive 910m² Corner Block: Dual access points
*Development Approval: subdivision into 2 lots, lot1- 452m2; lot2-458m2
*Ideal for Investors: Perfect for diversifying portfolios
*Open-Plan Living Area: Bright and airy with modern floor tiles
*Fully Equipped Kitchen: Featuring stainless-steel appliances
*Three Bedrooms: All with built-in robes
*Two Bathrooms: Original style, with an ensuite to the master bedroom
*Covered Alfresco Patio: Overlooking established private gardens
*Tranquil Front Gardens: Tropical setting with a water feature
*Double Garage: Plus rear parking area for up to four additional vehicles, boat, caravan, or trailer
*Secure Fencing: Colorbond fencing with a large electronic front gate and double side access gates
*Comfort Features: Reverse cycle air-conditioning and ceiling fans
*Near-New Hot Water System: Ensuring convenience
*Prime Location: Close to parks, public transport, Central Park Plaza, and Trinity Lutheran College campuses
*Proximity to Key Amenities: Approximately 2km to Ashmore City Shopping Centre and Ashmore State School, and 4km to Griffith University and Gold Coast University Hospital
Don't miss this extraordinary opportunity. Contact us today to schedule an inspection and start envisioning the endless possibilities this property has to offer.
Listing description written by Leon Kong, Matrix Global Real Estate — 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.