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QLD › Bongaree › Nulu St

40 Nulu St, Bongaree QLD 4507

For saleHouse for Sale

$1,399,000

For sale

Asking

3

Bedrooms

2

Bathrooms

2

Car spaces

1,012 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $1,399,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $1,399,000(Listing record · 18 Aug 2026)
  • FactLand 1,012 m²; no building size recorded.(Property record)
  • CalculationAsk is 40% above the Bongaree median recorded sale ($1,000,000, n=58, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Bongaree's advertised median rent ($627/wk), implied gross yield would be 2.33% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

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

The ask against the evidence

Asking

$1,399,000

Asking · $1,382/m² of land

No recorded sale for this property.

Bongaree at a glance

9,191

People

$1,000,000

Median sale

$627/wk

Median rent

3.26%

Suburb gross yield

Median sale from 58 recorded sales (last 12 months) — a Districts calculation.

See the full Bongaree report →

Vs Bongaree

+39.9%

Median sale

Suburb $1,000,000

-0.93 pp

Gross yield

Suburb 3.26%

Suburb median $1,000,000 from 58 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$1,399,000
Stamp Duty (Queensland)
$60,968
Transfer/Registration Fee
$5,928
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$1,469,596

$70,596 on top of the price (5.0% extra)

  • Stamp Duty (Queensland)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

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.

Rental yield

Pre-filled with Bongaree's advertised median rent — not a rent for this listing.

Net yield
0.83%
Annual cashflow (pre-tax)
$-61,129
Interest cover (DSCR)
0.16
Annual rent
$32,604
Operating expenses
$20,985
Loan amount
$1,119,200
Annual interest
$72,748
Gross yield
2.33%

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.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

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

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, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

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

Property history

  1. Listed$1,399,000available18 Aug 2026

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

QLD

Why this lot, not just this suburb

Why could this property outperform?

Planning 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.

What could kill that thesis?

Confidence: low

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

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $627/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

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.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 2.3%. 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

What this means for this property

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.”

Read more

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

What is known for this property

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

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Nearby development applications are not loaded. This lot’s own applications are a separate question.

  • Honest achievable rent

    Knownlow

    This 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

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Bongaree in one glance

Bongaree at a glance

9,191

People

$1,000,000

Median sale

$627/wk

Median rent

3.26%

Suburb gross yield

Median sale from 58 recorded sales (last 12 months) — a Districts calculation.

See the full Bongaree report →

Keep researching

  • Why Bongaree? Read the area thesis →
  • What else is on the market in Bongaree →
  • Other records on Nulu St →

Listing material

Listed by The Stand Out Property Group

1,012m², Two Street Access & One of Bongaree’s Favourite Locations!

There’s a lot to love about 40 Nulu Street, but what really makes this property special is something that’s becoming increasingly difficult to find in Bongaree... a huge 1,012m² block with access from two streets, right in one of the area’s most popular pockets.

With Nulu Street at the front and gated access from Banya Lane at the rear, there’s room here to actually enjoy having a big block. Bring the boat, caravan, trailer and extra cars, make use of the existing storage, enjoy the gardens or simply appreciate having plenty of space around you.

Inside, the home has been thoughtfully updated while still feeling comfortable and welcoming. The open-plan living, dining and kitchen area is the heart of the home, with split-system air conditioning and a ceiling fan keeping things comfortable year-round.

Read the full description

The renovated kitchen is a real highlight, with stone benchtops, plenty of cabinetry, a double sink, double dishwasher, Westinghouse oven and induction cooktop, space for a large fridge and an island bench with built-in dining. It’s practical, spacious and designed to be used rather than just looked at.

All three bedrooms have built-in robes, split-system air conditioning and ceiling fans, while the renovated main bathroom features a freestanding bathtub, double vanity, shower and toilet.

Downstairs gives you even more room to work with. There’s a huge rumpus room that could easily become a second living area, games room, hobby space or somewhere for the kids to take over. A second bathroom, updated laundry with built-in cabinetry and under-stair storage make this level particularly useful for everyday family life.

Outside is where you can really appreciate the space this property offers. The wraparound deck is a lovely spot for a morning coffee, a quiet afternoon or a table full of friends and family. Downstairs, there’s another covered entertaining area with built-in storage and bench space, giving you plenty of options depending on the weather and occasion.

For anyone with cars, a boat, caravan, trailer or simply a lot of gear, the setup here is hard to beat. There’s a double carport at the front with secure parking behind double gates, plus a third carport and shipping container at the rear. Double gates opening directly onto Banya Lane make getting vehicles in and out easy, while additional under-house storage takes care of the mower, garden tools and all the toys.

The block itself feels private and established, with mature landscaping and fruit trees adding plenty of greenery and character without taking away from the usable yard space.

And then there’s the location!

This is a part of Bongaree people genuinely love living in. It’s quiet, established and tucked away from the busier parts of the island, while still being close to the waterfront, parks, cafés, shops and everything you need day to day. Morning walks by the water, coffee nearby and the relaxed pace Bribie is known for are all part of life here. It’s easy to understand why this pocket is so tightly held.

Property highlights include:

- Huge 1,012m² block

- Two street access from Nulu Street and Banya Lane

- Three bedrooms with built-in robes, air conditioning and ceiling fans

- Renovated kitchen with stone benchtops and excellent storage

- Island bench with integrated dining

- Double dishwasher, induction cooktop and Westinghouse appliances

- Renovated main bathroom with freestanding bath and double vanity

- Huge downstairs rumpus room

- Second bathroom downstairs

- Updated separate laundry with built-in storage

- Wraparound entertaining deck

- Additional covered entertaining area downstairs

- Double front carport with secure gated parking

- Third carport at the rear

- Shipping container for additional storage

- Under-house storage

- Mature landscaping and established fruit trees

- 6.4kW solar system

- Solar hot water

Contact our team today to arrange an inspection!

Disclaimer:

All information provided has been prepared to the best of our knowledge and is intended as a guide only. While every care has been taken, no guarantee or warranty is given as to its accuracy or completeness. Buyers should make their own enquiries with the relevant authorities regarding approvals and permitted use. Prospective buyers are encouraged to carry out their own independent investigations and due diligence in relation to the property. Some images may have been digitally enhanced for illustrative purposes.

Listing description written by Karen Peters, The Stand Out Property Group — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Balcony
  • Built-in Robes
  • Deck
  • Dishwasher
  • Fully Fenced
  • Living Areas: 2
  • Outdoor Entertaining
  • Rumpus Room
  • Secure Parking
  • Solar Panels
  • Toilets: 2
Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.