Mount Gravatt East at a glance
13,238
People
$1,578,500
Median sale
$680/wk
Median rent
2.24%
Suburb gross yield
Median sale from 48 recorded sales (last 12 months) — a Districts calculation.
QLD › Mount Gravatt East › Raffles St
$1,165,000
Last sold
21 June 2025
2
Bedrooms
1
Bathrooms
3
Car spaces
615 m²
Land
195 m²
Building
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
$1,165,000
21 June 2025 · derived via latest_sale
Local land rate: recorded House sales in Mount Gravatt East (last 5 years) with land size have a median of $2,395/m² of land (n=62). Districts calculation from recorded sales — not a valuation.
Mount Gravatt East at a glance
13,238
People
$1,578,500
Median sale
$680/wk
Median rent
2.24%
Suburb gross yield
Median sale from 48 recorded sales (last 12 months) — a Districts calculation.
Vs Mount Gravatt East
-26.2%
Median sale
Suburb $1,578,500
+0.80 pp
Gross yield
Suburb 2.24%
Suburb median $1,578,500 from 48 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 $680/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
Mount Gravatt East at a glance
13,238
People
$1,578,500
Median sale
$680/wk
Median rent
2.24%
Suburb gross yield
Median sale from 48 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Ray White Sunnybank HillsSOLD BY MIKE HO @ RAYWHITE SUNNYBANK HILLS
Presenting a rare opportunity to secure a prominent corner block at 53 Raffles Street, also known as 62 Creek Road, Mount Gravatt East. This elevated 615m² allotment boasts an expansive 58.9m frontage across two streets, offering exceptional development potential (STCA) under its Medium Density Residential zoning. Whether you're considering a multi-dwelling development, land banking, or creating your dream home, this property provides the flexibility and location to make it a reality.
Why This Property Stands Out:
• Corner block with wide 58.9m total frontage across two streets
• Zoned Medium Density Residential (MDR) - explore townhouse development or subdivision (subject to council approval, STCA)
• Dual access points with great street exposure - ideal for future multi-dwelling design (STCA)
• Move-in ready, renovate, or land bank - this one works from every angle
Property Features:
• Stylishly renovated bathroom + separate powder room
• Spacious front porch perfect for relaxing or entertaining
• Generous under-house storage, laundry, and bonus multipurpose room
• Ceiling fans for year-round comfort
• Secure car accommodation
• Elevated position offering privacy, breezes, and potential city outlooks (with height)
Lifestyle & Location Highlights:
• In the catchment for Mount Gravatt State School & Mount Gravatt State High School
• Walk to Mount Gravatt Plaza, SCURRS Health & Wellness Centre, and Mount Gravatt Central
• Convenient access to express CBD bus routes and Garden City Interchange
• 5 minutes to Mount Gravatt Homemaker Centre
• 8 minutes to Westfield Garden City
• Close to Griffith University, Mount Gravatt TAFE, childcare centres, and local parks
• Quick access to Pacific & Gateway Motorways - effortless travel in all directions
Future Potential - Subject to Council Approval (STCA):
• Townhouse or multi-unit development (MDR zoning)
• Dual occupancy or subdivision potential
• Professional consulting, health, or boutique business options (if permitted)
• Or simply hold and watch the capital growth
Your Future Starts Here. This is the kind of corner block that excites developers, land-bankers, and lifestyle buyers alike. With zoning flexibility, superb elevation, and central convenience, 53 Raffles Street offers one of the most versatile holdings in Mount Gravatt East.
Contact Mike Ho: 0433529221 today to arrange your private inspection and explore all the possibilities this incredible property has to offer.
Disclaimer: All development, subdivision, and land use opportunities described are subject to Brisbane City Council approval (STCA). Buyers are strongly advised to conduct their own independent due diligence and seek professional advice regarding planning, legal, financial, and investment matters prior to purchase. The information provided is for general guidance only and does not guarantee approval or specific outcomes.
Disclaimer: Due to QLD legislation which prohibits a seller or agent from providing a price guide for auction properties, a price guide isn't available. The website possibly filtered this property into a price range for functionality purposes. Any estimates are not provided by the agent and should not be taken as a price guide.
Disclaimer: Whilst every effort has been made to ensure the accuracy of these particulars, no warranty is given by the vendor or the agent as to their accuracy. Interested parties should not rely on these particulars as representations of fact but must instead satisfy themselves by inspectionorotherwise.
Listing description written by Mike Ho, Ray White Sunnybank Hills — reproduced as published, not verified by Districts.