Pallara at a glance
9,211
People
$1,159,000
Median sale
$804/wk
Median rent
3.61%
Suburb gross yield
Median sale from 76 recorded sales (last 12 months) — a Districts calculation.
QLD › Pallara › Devries Rd
$3,120,000
For sale
$3,120,000
Last sold
5 Nov 2024
3
Bedrooms
2
Bathrooms
4
Car spaces
16,190 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
$3,120,000
5 Nov 2024 · derived via latest_sale
Local land rate: recorded House sales in Pallara (last 5 years) with land size have a median of $2,811/m² of land (n=138). Districts calculation from recorded sales — not a valuation.
Pallara at a glance
9,211
People
$1,159,000
Median sale
$804/wk
Median rent
3.61%
Suburb gross yield
Median sale from 76 recorded sales (last 12 months) — a Districts calculation.
Vs Pallara
+169.2%
Median sale
Suburb $1,159,000
-2.27 pp
Gross yield
Suburb 3.61%
Suburb median $1,159,000 from 76 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
$177,562 on top of the price (5.7% extra)
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.
Pre-filled with Pallara's advertised median rent — not a rent for this listing.
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.
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 $804/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms. No recorded off-street parking — often a discount versus the suburb median for the same beds.
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
UnknownArea
Pallara at a glance
9,211
People
$1,159,000
Median sale
$804/wk
Median rent
3.61%
Suburb gross yield
Median sale from 76 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by @ap-realtyDiscover an unparalleled opportunity with this expansive 1.62ha of land at 51 Devries Road, Pallara -a blank canvas ready for your vision. Perfectly positioned across from newly launched subdivided lands and featuring dual street access, this property is ideal for developers, investors, or anyone looking to elevate their lifestyle.
The existing 3-bedroom, 2-bathroom home on the property offers a comfortable and stylish living space, complete with 2.7-meter high ceilings, porcelain tiled flooring, and split system air conditioning throughout. Enjoy the large entertainment area, modern appliances, and a spacious, high-quality kitchen featuring a gas cooktop. The property also includes a large Colorbond shed, a converted dual car garage ideal for a home business, and a double undercover carport.
Location is key, with the property just 200 meters from Pallara State School, Forest Lake Shopping Centre, and other local amenities. It's also within walking distance of newly subdivided lots, and minutes away from major motorways and the proposed Pallara shopping centre. The area is highly attractive to first home buyers and families seeking quality housing options, making it an excellent investment for future resale value.
Seize this rare opportunity to shape the future of Pallara and secure your place in this thriving community. Whether you're looking to develop, invest, or simply enjoy the expansive lifestyle offered by this unique property, 51 Devries Road is your gateway to endless possibilities. Call Mayank Patel to arrange an inspection on 0430 402 866.
Disclaimer: This property is being sold without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes.
Disclaimer:
The information presented in this advertisement has been diligently prepared to ensure its accuracy and truthfulness. However, we bear no responsibility and hereby disclaim all liability for errors, inaccuracies, misstatements that may be found within. We strongly advise potential purchasers to conduct their own thorough assessments and financial investigations to independently verify the information provided herein.
Listing description written by Mayank Patel, @ap-realty — reproduced as published, not verified by Districts.
Nearby 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.