Tully at a glance
2,482
People
$575,000
Median sale
$434/wk
Median rent
3.92%
Suburb gross yield
Median sale from 7 recorded sales (last 12 months) — a Districts calculation.
For sale
For sale
22
Bedrooms
10
Bathrooms
13
Car spaces
2,866 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
Asking
No recorded sale price for this property yet.
Tully at a glance
2,482
People
$575,000
Median sale
$434/wk
Median rent
3.92%
Suburb gross yield
Median sale from 7 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.
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 $434/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
Tully at a glance
2,482
People
$575,000
Median sale
$434/wk
Median rent
3.92%
Suburb gross yield
Median sale from 7 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Ray White CairnsAn exceptional opportunity presents to secure a prominent freehold accommodation and hospitality asset in the heart of Tully, one of North Queensland's most recognised tourism and agricultural hubs.
Positioned on a substantial 2,866m² fully fenced CBD allotment with dual street access, CCTV security, Banana Barracks & Rafters Party Bar is a well-established backpacker accommodation and licensed bar operation available on a 'Walk In Walk Out' basis, inclusive of both the freehold property and the operational business. This rare offering delivers diversified income streams across short term accommodation, hospitality operations and commercial lease arrangements.
Approved to accommodate up to 120 guests, the complex features purpose built improvements designed to service the strong working backpacker and tourism market that frequents the region. Guests enjoy a range of accommodation options complemented by extensive communal and recreational facilities, including bar areas, pool and entertainment spaces. An on site commercial kitchen, currently not in operation, provides further upside potential for additional income via owner operation or lease.
Key Features:
• Substantial 2,866m² CBD freehold site
• Freehold title with established backpacker accommodation
• Leased premises for bar nightclub restaurant operation
• Purpose built accommodation, bar facilities, pool and recreational amenities
• Significant insured asset base
• Multiple revenue streams including short term accommodation, hospitality income and commercial lease
• Strong historic working backpacker and tourism catchment
• Fully fenced allotment with CCTV security
• Central township location within walking distance to amenities and transport
• Freehold and businesses available for purchase on a 'Walk In Walk Out' basis
Ideally located at 50 Butler Street, Tully's main street, the property is within easy walking distance to the town's bus terminal, IGA, post office, chemist, banks and retail outlets. The site also benefits from additional frontage to Richardson Street, enhancing accessibility and exposure within the township.
This is a rare opportunity to acquire an established freehold accommodation and entertainment venue in a tightly held Far North Queensland market, offering immediate income with future growth potential.
Contact Ben Keene or David Murphy today for further information!
Property offered to sale via tender - Tender closing Wednesday, 1st April 2026 @ 10:00 AM.
Disclaimer:
All information contained is gathered from sources we believe to be reliable. In preparation of this advertisement our best endeavours have been made to ensure the information contained is true and accurate. However, we accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies, or misstatements contained. Prospective purchasers are encouraged to make their own enquiries to verify the information contained in this advertisement.
Listing description written by Ben Keene, Ray White Cairns — reproduced as published, not verified by Districts.