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.
QLD › Millbank › Bourbong St
$327,000
Last sold
6 Dec 2022
3
Bedrooms
2
Bathrooms
2
Car spaces
840 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
$327,000
6 Dec 2022 · derived via latest_sale
Local land rate: recorded House sales in Millbank (last 5 years) with land size have a median of $583/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
-47.3%
Median sale
Suburb $620,000
+4.21 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
UnknownArea
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 RealWay Property Consultants BundabergAffordable First Home Or Land Banker With Two-Street Frontage!
Perched atop an 840sqm flood free block in the medical precinct is this fantastic entry-level three bedroom, one bathroom home with plenty of character, charm and street appeal...but that's not the cherry on top! A rare two-street frontage opportunity is available to you today, so if land banking or potential to develop is on the radar you simply must consider this (subject to council approvals).
Fully fenced to the front, this Queenslander styled property overlooks Bourbong Street up nice and high thanks to concrete stumps - with exception of one or two - and a modern tin roof. The rear frontage is to Isambert Lane which is a quiet side street only locals know about and it's this aspect that opens the property up to an exciting future!
Upstairs you're greeted by a central living area which is neighbored by three bedrooms, each of which include robes (mixture of built-in and freestanding to stay) in addition to the bathroom with shower only. The eat-in kitchen to rear utilises a gas stove & electric oven with the only toilet further behind on the rear stairwell.
Head on downstairs and you'll find the laundry, a second shower (no toilet) as well as enough room for up to two car accommodation - one in from the front driveway, the other to the rear. There is also oodles of storage / sitting space down here which the current long-term tenants use to its' fullest potential! The tenants are currently on a periodic lease but keen to stay on.
So, like the heading says - first home hunter? Buy it! Land banker? Buy it! For those in between it's still well and truly worth a look. Contact Bundaberg's favourite Real Estate Team - Brent Illingworth & Adam Rayner - to arrange your private inspection!
RENTAL APPRAISAL - $380+ per week. Ask Brent or Adam how to go about getting placed in touch a member of the RealWay Property Management Team who are more than happy to discuss the rental options with you one-on-one in a personalised fashion.
***The information provided is to be used as an estimate only. All potential purchasers should make their own enquiries to satisfy themselves as to any due diligence required.***
Listing description written by Brent Illingworth, RealWay Property Consultants Bundaberg — 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.