Millbank at a glance
2,614
People
$620,000
Median sale
$560/wk
Median rent
4.70%
Suburb gross yield
Median sale from 27 recorded sales (last 12 months) — a Districts calculation.
$625,000
Last sold
24 Apr 2025
3
Bedrooms
2
Bathrooms
2
Car spaces
1,009 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
$625,000
24 Apr 2025 · derived via latest_sale
Local land rate: recorded House sales in Millbank (last 5 years) with land size have a median of $581/m² of land (n=94). Districts calculation from recorded sales — not a valuation.
Millbank at a glance
2,614
People
$620,000
Median sale
$560/wk
Median rent
4.70%
Suburb gross yield
Median sale from 27 recorded sales (last 12 months) — a Districts calculation.
Vs Millbank
+0.8%
Median sale
Suburb $620,000
-0.04 pp
Gross yield
Suburb 4.70%
Suburb median $620,000 from 27 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 $560/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
UnknownNearby 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.
Area
Millbank at a glance
2,614
People
$620,000
Median sale
$560/wk
Median rent
4.70%
Suburb gross yield
Median sale from 27 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Ray White Bundaberg CityWhat a wonderful opportunity in ideal locality this tidy property presents, for the astute buyer. This quaint property in the popular Millbank area on a large 1,009m2 allotment, is complete with a large low-maintenance saltwater pool, double shed & spacious entertaining area.
The property presents itself with a newly renovated kitchen featuring a dishwasher, on polished sturdy timber floors. Not only that, enjoy the cool air in the lounge room complimentary of the large reverse cycle split-system air-conditioning system.
This 'tough as nails' home comprises of 3 generously sized bedrooms, including the master bedroom, which is particularly large. Furthermore, all bedrooms are complete with air-conditioning & built-in robes.
There is no doubt that money has been invested into this wonderful property. As it boasts a large 5kw solar system. Which makes running the air-conditioning systems & the pool pump, on a hot Summer's day, a breeze.
Entertaining space a plenty with this beautiful home. Ample room downstairs for a games room, leading directly outside to the private undercover entertaining space. Make use of the downstairs shower after a swim in your pool or handy work in the large shed.
This property is currently tenanted, with the occupants more than happy to remain in the property. With also a recent rental appraisal conducted on the property from our agency.
Locality is another key defining feature of this property, as it is so keenly located near all necessities. It is true that the hospital, grocery shops, restaurants & sports grounds, are just around the corner, or even up the road. All while only being a 15-minute commute to our well renowned beaches.
At a glance
- Large 1,009m2 allotment
- Large shed
- Timber fenced
- 5Kw Solar system
- Polished timber floors
- Newly renovated kitchen
- Separate shower downstairs
- Additional toilet downstairs
- Strong concrete stumps
- Tin Termite protection
- Concrete driveway
- Front porch
- Quiet location near amenities
This brilliant property has just so much on offer here and is sure to attract plenty of interested buyers in the current market so be quick to call Ray White Elite Marketing Agent John Price (Ph 0411 055 223) today to arrange your inspection to secure this quaint property.
Listing description written by John Price, Ray White Bundaberg City — reproduced as published, not verified by Districts.