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NSW › Banora Point › Glen Ayr Dr

49 Glen Ayr Dr, Banora Point NSW 2486

For saleHouse for Sale

$1,000,000

For sale

Asking

3

Bedrooms

2

Bathrooms

2

Car spaces

700 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

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

Why this ask?

  • FactListed for sale, asking $1,000,000(Listing record · 10 Apr 2024)
  • FactLand 700 m²; no building size recorded.(Property record)
  • CalculationAsk is 25% below the Banora Point median recorded sale ($1,336,500, n=109, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Banora Point's advertised median rent ($859/wk), implied gross yield would be 4.47% — 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

$1,000,000

Asking · $1,429/m² of land

No recorded sale for this property.

Banora Point at a glance

16,870

People

$1,336,500

Median sale

$859/wk

Median rent

3.34%

Suburb gross yield

Median sale from 109 recorded sales (last 12 months) — a Districts calculation.

See the full Banora Point report →

Vs Banora Point

-25.2%

Median sale

Suburb $1,336,500

+1.13 pp

Gross yield

Suburb 3.34%

Suburb median $1,336,500 from 109 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$1,000,000
Stamp Duty (New South Wales)
$39,412
Transfer/Registration Fee
$167
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
$1,043,279

$43,279 on top of the price (4.3% extra)

  • Stamp Duty (New South Wales)
  • 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: New South Wales schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

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

Net yield
2.97%
Annual cashflow (pre-tax)
$-22,332
Interest cover (DSCR)
0.57
Annual rent
$44,668
Operating expenses
$15,000
Loan amount
$800,000
Annual interest
$52,000
Gross yield
4.47%

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.

Records

Property history

  1. Listed$1,000,000available10 Apr 2024

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

Capital growth

NSW

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.” NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $859/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. NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet. 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 4.5%. 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. NSW net yield needs land tax and VG inputs that are not loaded. Gross yield from listings is not net yield.

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

    NSW has a statewide DA API. Nearby (100–800 m) applications are not loaded for this property yet.

  • 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

    NSW Valuer General land values are not loaded for this property yet.

  • Net yield / holding costs

    Unknown

    NSW net yield needs land tax and VG inputs that are not loaded. Gross yield from listings is not net yield.

Area

Banora Point in one glance

Banora Point at a glance

16,870

People

$1,336,500

Median sale

$859/wk

Median rent

3.34%

Suburb gross yield

Median sale from 109 recorded sales (last 12 months) — a Districts calculation.

See the full Banora Point report →

Keep researching

  • Why Banora Point? Read the area thesis →
  • What else is on the market in Banora Point →
  • Other records on Glen Ayr Dr →

Listing material

Listed by Tate Brownlee Real Estate

Quality Home Epitomising Indoor/Outdoor Living

Nestled back from the street in an elevated location, this well constructed brick and tile home boasts a private and leafy outlook, generous indoor and outdoor living, oversized garage, solar and so much more. Welcome to 49 Glen Ayr Drive, Banora Point.

This well-built home exudes comfort and warmth, inviting you to relax and unwind. Upon entering the home, you're welcomed by the spacious and luminous open plan living area, featuring air conditioning and a ceiling fan for optimal comfort. Revel in the convenience of multiple internal living areas, complemented by a galley-style kitchen offering a magnificent view of the rainforest canopy beyond the gaze of your outdoor living zone.

The master bedroom is capacious in size and features ceiling fan, timber look blinds, mirrored wardrobe doors, and an adjoining ensuite for your comfort and convenience. Both additional bedrooms are equally well-appointed, each equipped with built-in wardrobes and serviced by a spacious renovated and modern main bathroom with inset bath, rain shower head and recess and floor to ceiling tiling. Additionally, there is a separate toilet outside of the bathroom.

Read the full description

This home epitomises indoor/outdoor living at its finest, boasting an impressive timber deck and insulated flyover including downlights and ceiling fans, overlooking the breathtaking landscape blurring the boundary of your property and the open space beyond. The exceptionally spacious entertainment area extends your living space to a whole new level, perfect for gatherings and relaxation alike. The expansive rear yard, which overlooks the nature reserve, offers a fantastic and versatile space for your current enjoyment or future plans. Whether you seek immediate recreation or have long-term aspirations, this area provides endless possibilities.

Other convenient features of this property include a double lock-up garage with an additional storage room at the back, providing ample space for your belongings. Additionally, benefit from the solar electricity system. Experience peace of mind with thoughtful security features such as Crimsafe and Visisafe security screens throughout, and additional fire safety measures.

In summary, this home offers unbeatable opportunity and value to those looking to settle in this thriving location. Don't miss out on your chance to secure this amazing home – come and inspect today. @ Tate Brownlee Real Estate, We Open Doors To Your Future

Key Features:

- Large timber rear deck with North-East aspect

- Multiple interior living areas

- Large back yard, backing onto nature reserve

- Open-plan living space

- Prime Banora Heights location

- Oversized 2 car garage with store room

- Solar system

- Air conditioning

- Elevated location

- 700sqm block

Location:

- 950m to Tweed Heights Shopping Village

- 2min to John Baker Reserve (dog park)

- 5min to Banora Point Primary School

- 4min to Centaur Primary School

- 4min to Banora Point High School

- 4min to St Joseph's College

- 11min to Gold Coast Airport

- 7min to the highway

DISCLAIMER: We have in preparing this document used our best endeavours to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this document.

Listing description written by Chelsea Cousins, Tate Brownlee Real Estate — 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.