Murwillumbah at a glance
7,577
People
$967,500
Median sale
$643/wk
Median rent
3.46%
Suburb gross yield
Median sale from 78 recorded sales (last 12 months) — a Districts calculation.
NSW › Murwillumbah › George St
$1,100,000
Last sold
29 Aug 2024
8
Bedrooms
4
Bathrooms
4
Car spaces
613.4 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
29 Aug 2024 · derived via latest_sale
Murwillumbah at a glance
7,577
People
$967,500
Median sale
$643/wk
Median rent
3.46%
Suburb gross yield
Median sale from 78 recorded sales (last 12 months) — a Districts calculation.
Vs Murwillumbah
+13.7%
Median sale
Suburb $967,500
-0.42 pp
Gross yield
Suburb 3.46%
Suburb median $967,500 from 78 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.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
NSWPlanning 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.” NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet.
Rental
No advertised rent is recorded. Suburb median rent $643/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. NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet. 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. NSW net yield needs land tax and VG inputs that are not loaded. Gross yield from listings is not net yield.
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
UnknownNSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet.
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
UnknownNSW Valuer General land values are not loaded for this property yet.
Net yield / holding costs
UnknownNSW net yield needs land tax and VG inputs that are not loaded. Gross yield from listings is not net yield.
Area
Murwillumbah at a glance
7,577
People
$967,500
Median sale
$643/wk
Median rent
3.46%
Suburb gross yield
Median sale from 78 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by P. Smith & SonThis property is a two level, brick and tile roof, walk up unit complex of 4 units, which are fully occupied and have a long history of low vacancy rates. They would make a great investment for your Self-Managed Super Fund.
Each unit is fully self-contained, and upon entry you a greeted with a large, combined living/dining and kitchen.
The two bedrooms are each large enough for a double bed and have built-in wardrobes.
The bathroom has a bath with shower over, a separate toilet and laundry facilities.
Front and rear entrances are provided to each unit.
Individual carports are provided at the rear of the property.
The complex is located on a flat parcel of land and the 2 southern units look out over open paddocks which are unlikely to ever be built upon. There is a new timber paling fence to the Eastern side boundary and there is a vacant allotment to the West, so the units are nice and quiet.
The units are conveniently located being just a 60 m walk to Murwillumbah East Primary School and only 1.1 km to the vibrant Murwillumbah CBD.
Now for the all-important financials:
INCOME:-
All units are currently let on a periodic basis, with a current rental of $300/wk.
There is significant upside in rentals, "as is", with market rental estimated to be in the vicinity of $370 - $380/wk.
With further additional internal upgrades, there is scope for even higher rental returns.
OUTGOINGS:-
Water Rates - $1,600
Council Rates - $4,058
Insurance - $7,442
With the potential easing in official interest rates over the next 12 months, this is great time to lock into a high yielding, low maintenance, residential investment opportunity.
* Please note that water did not enter the ground floor units in the February 2022 flood event.
For further information call Greg now on 0437 960 685
Disclaimer: The information contained here-in has been provided to us by the Vendor. This Agent does not represent the property as to its accuracy and recommends that any purchaser make their own investigations and enquiries. All images are indicative of the property only.
Listing description written by Greg Giles, P. Smith & Son — reproduced as published, not verified by Districts.