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QLD › Kirwan › Wattle St

40 Wattle St, Kirwan QLD 4817

For saleHouse

$650,000

For sale

Asking

3

Bedrooms

1

Bathrooms

2

Car spaces

809 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $650,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $650,000(Listing record · 26 June 2026)
  • CalculationLand 809 m² against a 128 m² dwelling — the land is most of what is being bought.(Districts calculation)
  • CalculationRecorded House sales in Kirwan (last 5 years) with land size: median $732/m² of land (n=107). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)
  • CalculationAsk is 4% below the Kirwan median recorded sale ($677,500, n=23, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Kirwan's advertised median rent ($549/wk), implied gross yield would be 4.39% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

  • InterpretationA large lot with a small dwelling means the value case rests on the land and what the zone allows on it, not the house.

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

$650,000

Asking · $803/m² of land

No recorded sale for this property.

Local land rate: recorded House sales in Kirwan (last 5 years) with land size have a median of $732/m² of land (n=107). Districts calculation from recorded sales — not a valuation.

Kirwan at a glance

21,232

People

$677,500

Median sale

$549/wk

Median rent

4.21%

Suburb gross yield

Median sale from 23 recorded sales (last 12 months) — a Districts calculation.

See the full Kirwan report →

Vs Kirwan

-4.1%

Median sale

Suburb $677,500

+0.18 pp

Gross yield

Suburb 4.21%

Suburb median $677,500 from 23 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$650,000
Stamp Duty (Queensland)
$22,275
Transfer/Registration Fee
$2,436
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
$678,411

$28,411 on top of the price (4.4% 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 Kirwan's advertised median rent — not a rent for this listing.

Net yield
2.89%
Annual cashflow (pre-tax)
$-15,002
Interest cover (DSCR)
0.56
Annual rent
$28,548
Operating expenses
$9,750
Loan amount
$520,000
Annual interest
$33,800
Gross yield
4.39%

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$650,000available26 June 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 $549/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 4.4%. 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

Kirwan in one glance

Kirwan at a glance

21,232

People

$677,500

Median sale

$549/wk

Median rent

4.21%

Suburb gross yield

Median sale from 23 recorded sales (last 12 months) — a Districts calculation.

See the full Kirwan report →

Keep researching

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

Listing material

Listed by Ray White Townsville

FAMILY FOCUSED PACKAGE WITH SWIMMING POOL, SHED & SOUGHT-AFTER LOCATION

Designed for family-friendly living & practicality, this well-constructed & welcoming home comes with all the sought-after extras - large swimming pool, shed, side access & extra parking - with every corner reflecting careful maintenance. Originally built to DHA specifications, beautiful hardwood flooring & easy-care aluminium-clad exterior further enhancing the liveability of a home your family will treasure for years to come. Located on a large allotment in a location that offers smooth connections to sought-after community amenities - this home presents an excellent opportunity for families seeking space & convenience - act swiftly and phone JAN LEE on 0408 777 437 to arrange an immediate inspection!

Upper level:

Step beyond the front patio to catch your first glimpse of the beautiful hardwood floors which feature throughout the upper level, as does air-conditioning for year-round comfort:

Read the full description

• Separate living area at the front of the home creates a welcoming place to relax & unwind

• Spacious dining area that adjoints a well-proportioned & practically designed kitchen offering an abundance of storage & uninterrupted views of the swimming pool, shed & rear yard

• 3 well-sized bedrooms - all with sizeable built-in wardrobes

• Family bathroom to service the upper level - a spacious shower, vanity storage plus additional internal storage placed for maximum convenience; separate toilet.

Lower level:

Whilst not legal height, the high set design provides additional flexibility and space for: cool areas for outdoor living, children's all-weather play areas, workshops, much-needed storage and parking:

• Convenient 2nd toilet - perfect for those enjoying the swimming pool, shed or gardens

• Large, lockable workshop / storage area

• Dual driveways with undercover parking + garage area with roller-door access & room for workshop area / additional storage

• Designated laundry area.

• BORE WATER.

Property highlights:

• Generous 809sqm allotment - offering easy access through to the rear yard

• 6m x 6m Colorbond shed with 6m x 3m skillion - insulated & lined with power, lighting & split-system air-conditioning (the perfect "Man Cave" or escape for teenagers seeking independence)

• Large, sparkling inground swimming pool (8m x 4m) with shade sail - the ultimate setting for year-round family enjoyment

• 5kW solar power system with generator adaptor

• Great location that's central & ultra-convenient within a friendly neighbourhood - stone's throw to many quality schooling options, local village shopping, public transport

• Short drive to a variety of shopping centres, James Cook University, Townsville University Hospital, Lavarack Barracks or the CBD, and easy access to the Ring Road System connecting the broader Townsville area.

Listing description written by Jan Lee, Ray White Townsville — reproduced as published, not verified by Districts.

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.