Westlake at a glance
4,520
People
$1,650,444
Median sale
$766/wk
Median rent
2.41%
Suburb gross yield
Median sale from 16 recorded sales (last 12 months) — a Districts calculation.
$2,000,000
Last sold
20 Oct 2025
5
Bedrooms
2
Bathrooms
2
Car spaces
1,584 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
$2,000,000
20 Oct 2025 · derived via latest_sale
Local land rate: recorded House sales in Westlake (last 5 years) with land size have a median of $1,750/m² of land (n=137). Districts calculation from recorded sales — not a valuation.
Westlake at a glance
4,520
People
$1,650,444
Median sale
$766/wk
Median rent
2.41%
Suburb gross yield
Median sale from 16 recorded sales (last 12 months) — a Districts calculation.
Vs Westlake
+21.2%
Median sale
Suburb $1,650,444
-0.42 pp
Gross yield
Suburb 2.41%
Suburb median $1,650,444 from 16 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 $766/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
Westlake at a glance
4,520
People
$1,650,444
Median sale
$766/wk
Median rent
2.41%
Suburb gross yield
Median sale from 16 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by NGU Real Estate BrisbaneBy Appointment; contact the Jason Yang Team — 0403 217 009 for inspection.
Located in Westlake, 41 Penong Street offers a truly unique and private retreat. With its own dedicated driveway leading to the residence, this property is a haven that boasts the convenience of suburban living. The spacious 5-bedroom, 2-bathroom home is complemented by an expansive 2-car port with additional space for more vehicles. Backing onto the serene private lake (40 metre lakefront), this property oversees breathtaking water views and an undeniable connection to nature, making it an exceptional opportunity for families seeking a tranquil lifestyle.
Upon entering, you see the carport of this residence, which offers more than just parking. Separate from the main house, it features a ground-level storage room for tools and such alike. Upstairs, an area currently used for storage can be transformed into a granny flat, studio, or additional living quarters, adding flexibility to the layout of the building.
The property is enveloped by lush flora, and the entrance leads to the formal lounge area that shares space with a dining area, both of which are bathed in natural light. Large windows in the room provide stunning views of the surrounding greenery, the pool, and the 40 metre lakefront. Conveniently nearby are the bedroom and master bedroom that features a spacious and sleek ensuite bathroom and walk in closet, offering privacy and comfort. Access to the outdoor areas near the pool and spa can be found here, providing a seamless flow between both areas.
On the other side of the house, the spacious kitchen has an open plan layout that integrates with additional living areas, creating an ideal space for everyday living and entertaining. These areas are versatile and can be used as a casual dining area and media space. The air conditioning system designed to accommodate the generously sized room, ensures comfort throughout the year.
Additionally, these areas provide direct access to the shaded patio—perfect for gatherings or unwinding after a long day. The lush surroundings offer a serene atmosphere, and the lake, teeming with vibrant birdlife and aquatic life, is an ideal spot for kayaking or rowing.
Further in are where the 3 remaining bedrooms are located. They share a well-appointed bathroom with separate toilet and powder room. The laundry room has access to another outdoor space, separate from the main outdoors area.
What We Love:
- Secluded area for privacy and peace
- Additional space above carport with potential to be granny flat, additional living quarters etc
- Breathtaking private, 40 metre lakefront views surrounded by lush greenery
- Expansive living areas offering multiple dining and lounge areas
- Many windows all throughout home offering abundance of natural light and beautiful views of outdoor scenery
- Air conditioning and ceiling fans all throughout home
- Outdoor areas feature large patio for outdoor dining, swimming pool and spa, great for entertaining
- Lake offers additional activities such as kayaking and rowing
- Quiet and tranquil area
- Convenient location in close proximity to shops, schools and public transport
Location Highlights:
- Middle Park Shopping Centre
- Mt Ommaney Shopping Centre
- DFO Jindalee
- McLeod Country Golf Club
- Close to public transport with major bus routes such as 454 serving routes to Brisbane CBD
Education Highlights:
- Good News Lutheran School
- Middle Park State School
- Centenary Kindergarten & Preschool
- Jindalee State School
- Centenary State High School
41 Penong Street is a one-of-a-kind property that offers an unmatched lifestyle, perfect for nature-loving families. Set against the backdrop of a tranquil lake, the home provides a unique experience with its private roads, expansive spaces, and seamless connection to the outdoors. Whether it's kayaking on the lake or relaxing indoors, this property provides the opportunity for a lifestyle that offers privacy, adventure, and comfort.
Disclaimer:
All information contained herein is gathered from sources we consider to be reliable however we cannot guarantee or give any warranty about the information provided and interested parties must solely rely on their own enquiries.
Your dream home awaits...
Disclaimer:
All information contained herein is gathered from sources we consider to be reliable however we cannot guarantee or give any warranty about the information provided and interested parties must solely rely on their own enquiries.
Listing description written by Jason Yang, NGU Real Estate Brisbane — reproduced as published, not verified by Districts.