Wandina at a glance
4,633
People
$650,000
Median sale
$600/wk
Median rent
4.80%
Suburb gross yield
Median sale from 101 recorded sales (last 12 months) — a Districts calculation.
WA › Wandina › Wanderer Concourse
4
Bedrooms
2
Bathrooms
3
Car spaces
645 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
No recorded sale price for this property yet.
Local land rate: recorded House sales in Wandina (last 5 years) with land size have a median of $1,020/m² of land (n=67). Districts calculation from recorded sales — not a valuation.
Wandina at a glance
4,633
People
$650,000
Median sale
$600/wk
Median rent
4.80%
Suburb gross yield
Median sale from 101 recorded sales (last 12 months) — a Districts calculation.
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.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
WAWA full cadastre is not free for commercial use. Lot optionality cannot be computed from official geometry. Listed land size is 645 m² — that is not official geometry. 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 for this property.
Rental
No advertised rent is recorded. Suburb median rent $600/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 for this property. 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
UnknownWA full cadastre is not free for commercial use. Lot optionality cannot be computed from official geometry. Listed land size is 645 m² — that is not official geometry.
Nearby development pipeline
UnknownNearby development applications are not loaded for this property.
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
Wandina at a glance
4,633
People
$650,000
Median sale
$600/wk
Median rent
4.80%
Suburb gross yield
Median sale from 101 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Professionals GeraldtonPositioned in the established suburb of Wandina, 45 Wanderer Concourse presents a clean, low-risk investment with immediate income and a clear pathway for rental growth.
The property is currently leased to a government tenant at $650 per week, with the lease running through to November 2026. Importantly, the next rent review occurs in June 2026, allowing for an increase of up to maximum 15%, well before lease expiry. Based on a recent appraisal by our property management team, current market rent is estimated at $700 per week, highlighting near-term upside.
Built circa 2012, this modern brick and tile home offers a practical, tenant-friendly layout on a fully fenced 645m² block. The combination of strong construction, and proven rental demand underpins its appeal as a long-term hold.
The location further supports tenant retention, with shopping, schools, childcare and the Geraldton CBD all within easy reach.
Property features:
• Approx. 645m² fully fenced block
• Double brick with tile roof
• 4 bedrooms, 2 bathrooms
• Walk-in robe and ensuite to master
• Built-in robes to minor bedrooms
• Open-plan kitchen, living and dining
• Separate office/media room plus theatre
• Reverse-cycle air-conditioning to master and main living
• North-facing patio
• Double garage
• Approx. 27m² steel-frame Colorbond shed with gated side access
• Natural gas and NBN connected
Outgoings (approx.):
• Council rates: $3,400 p.a.
• Water rates: $1,603.19 p.a.
Offers Above $700,000
For further details, contact Will McKenzie on 0419 919 590.
Disclaimer: Whilst every care has been taken in the preparation of this advertisement, accuracy cannot be guaranteed. To the best of our knowledge the information listed is true and accurate but may be subject to change without warning at any time, which is often out of our control. Prospective tenants & purchasers should make their own enquiries to satisfy themselves on all pertinent matters. Details herein do not constitute any representation by the Owner or the agent and are expressly excluded from any contract.
Listing description written by Will McKenzie, Professionals Geraldton — reproduced as published, not verified by Districts.