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.
$599,000
For sale
Asking
3
Bedrooms
1
Bathrooms
3
Car spaces
1,012 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
Asking
$599,000
Asking · $592/m² of land
No recorded sale for this property.
Local land rate: recorded House sales in Millbank (last 5 years) with land size have a median of $582/m² of land (n=95). 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
-3.4%
Median sale
Suburb $620,000
+0.16 pp
Gross yield
Suburb 4.70%
Suburb median $620,000 from 27 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
$25,884 on top of the price (4.3% extra)
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.
Pre-filled with Millbank's advertised median rent — not a rent for this listing.
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.
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.
Gross yield if leased at the suburb aggregate is 4.9%. 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
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 Location Property AgentsPerfectly positioned in a convenient Millbank location, 4 Penny Street presents a warm and inviting character timber home. Beautifully maintained and thoughtfully updated, the property combines comfortable family living, generous outdoor space and an impressive, powered shed all on a fully fenced 1,012m² block.
Inside, polished hardwood timber floors bring warmth and character to the main living areas, while the freshly painted interior creates a bright and welcoming atmosphere. The air-conditioned living room flows through to the spacious kitchen, complete with an electric oven and cooktop, rangehood, dishwasher and plenty of room for everyday family living.
The home offers three generously sized bedrooms, with Mitsubishi split system air conditioning installed in every bedroom and the main living area for year-round comfort. Security and insect screens throughout provide additional peace of mind.
Outside, the entertaining area provides an inviting place to relax or gather with family and friends. The spacious yard is surrounded by beautifully presented lawns and gardens, with established fruit trees adding to the homes appeal.
Side access leads through to the impressive 9m x 7m shed, complete with 15-amp power. Whether you need secure vehicle accommodation, additional storage or space for weekend projects, this outstanding shed is sure to impress.
At a Glance
• Three generously sized bedrooms with large wardrobes
• Beautifully renovated bathroom
• Three-car accommodation + workshop/storage space
• Fully fenced 1,012m² block
• Charming character timber home
• Freshly painted interior
• Polished hardwood timber flooring
• Spacious kitchen with electric oven and cooktop and Solt dishwasher
• Mitsubishi split-system air conditioning in all bedrooms and the living area
• Security and insect screens throughout
• Private outdoor entertaining area
• Impressive 9m x 7m shed with 15-amp power
• Convenient side access
• Spacious yard with established fruit trees
• Beautifully presented lawns and gardens
• NBN connected
• Rental Appraisal $650-$680
• Council rates approximately $2,200 per half year (excluding water consumption)
• Approximately 5 minutes to Stockland Bundaberg
• Approximately 7 minutes to the Bundaberg CBD
Conveniently located approximately five minutes from Stockland Bundaberg and only seven minutes from the Bundaberg CBD, the home provides easy access to shopping, dining, schools, medical facilities and everyday essentials.
Phone Daniel & Kristy-Lee Anderson today for more information or to book a private viewing. Also keep an eye out for the scheduled open home times online.
*Whilst every endeavour has been made to verify the correct details in this marketing neither the agent, vendor or contracted illustrator take any responsibility for any omission, wrongful inclusion, misdescription or typographical error in this marketing material. Accordingly, all interested parties should make their own enquiries to verify the information provided. The floor plan included in this marketing material is for illustration purposes only, all measurements are approximate and is intended as an artistic impression only. Any fixtures shown may not necessarily be included in the sale.*
Listing description written by Daniel & Kristy-Lee Anderson, Location Property Agents — reproduced as published, not verified by Districts.