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QLD › Oakey › Lorrimer St

54 Lorrimer St, Oakey QLD 4401

For saleHouse

$1,200,000

For sale

Asking

$720,000

Last sold

17 July 2023

4

Bedrooms

2

Bathrooms

12

Car spaces

16,106.489 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $1,200,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $1,200,000(Listing record · 2 July 2026)
  • CalculationLand 16,106 m² against a 163 m² dwelling — the land is most of what is being bought.(Districts calculation)
  • CalculationRecorded House sales in Oakey (last 5 years) with land size: median $606/m² of land (n=133). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)
  • CalculationAsk is 90% above the Oakey median recorded sale ($631,000, n=77, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Oakey's advertised median rent ($494/wk), implied gross yield would be 2.14% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

  • InterpretationA large lot with a small dwelling means the value case rests on the land and what the zone allows on it, not the house.

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

$1,200,000

Asking · $75/m² of land

Last recorded sale $720,000 (17 July 2023).

Local land rate: recorded House sales in Oakey (last 5 years) with land size have a median of $606/m² of land (n=133). Districts calculation from recorded sales — not a valuation.

Oakey at a glance

4,916

People

$631,000

Median sale

$494/wk

Median rent

4.07%

Suburb gross yield

Median sale from 77 recorded sales (last 12 months) — a Districts calculation.

See the full Oakey report →

Vs Oakey

+90.2%

Median sale

Suburb $631,000

-1.93 pp

Gross yield

Suburb 4.07%

Suburb median $631,000 from 77 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$1,200,000
Stamp Duty (Queensland)
$49,525
Transfer/Registration Fee
$4,997
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
$1,258,222

$58,222 on top of the price (4.9% extra)

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

Rental yield

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

Net yield
0.64%
Annual cashflow (pre-tax)
$-54,712
Interest cover (DSCR)
0.12
Annual rent
$25,688
Operating expenses
$18,000
Loan amount
$960,000
Annual interest
$62,400
Gross yield
2.14%

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.

For more information on this property, visit Queensland Globe↗.

Records

Property history

202320252026$720k$1.2m
  • Sold (recorded)
  • Asking price (not a sale)
  1. Listed$1,200,000available2 July 2026
  2. Sold$720,00017 July 2023
  3. Listedprice unknowncompleted30 Mar 2023

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

Capital growth

QLD

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.” Nearby development applications are not loaded. This lot’s own applications are a separate question.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $494/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. 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.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 2.1%. 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. Net yield / holding costs are not estimated outside NSW without inventing land tax.

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

    Nearby development applications are not loaded. This lot’s own applications are a separate question.

  • 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

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Oakey in one glance

Oakey at a glance

4,916

People

$631,000

Median sale

$494/wk

Median rent

4.07%

Suburb gross yield

Median sale from 77 recorded sales (last 12 months) — a Districts calculation.

See the full Oakey report →

Keep researching

  • Why Oakey? Read the area thesis →
  • What else is on the market in Oakey →
  • Other records on Lorrimer St →

Listing material

Listed by ABRA Agencies Toowoomba

Country Character & Creek Frontage on 3.92 Acres

'Orana'

Tucked away behind established gardens yet only a short stroll from Oakey's main street, 'Orana' is that rare find - a genuine small-farm lifestyle that feels a world away, without giving up the convenience of town at your doorstep. Set on 3.92 acres with a picturesque frontage to Oakey Creek & Flood free, this is a property built around space, water and country comfort.

Water is the real standout. 'Orana' is served by town water, bore water with a 2-megalitre irrigation allocation, rainwater storage and its own creek frontage - a level of security that's hard to come by, and a genuine asset for anyone running a few head or simply keeping the paddocks green. Those paddocks are subdivided into several allotments with established shade belts and irrigation on hand, while the working infrastructure is all in place: cattle and sheep yards with a stable and hay storage, a machinery shed with workshop, a skillion for the tractor and trailer, and a second car shed and workshop. With two street frontages, moving stock, machinery and vehicles around the property couldn't be easier.

Read the full description

At the heart of it all sits the homestead - a solid, character-filled Gordon Burke home wrapped in classic bullnose verandahs that lead to a purpose-built alfresco area overlooking the creek. It's a home made for the outdoor lifestyle, where morning coffee and long afternoons come naturally. Inside, the freshly painted kitchen and dining give the home a bright, updated feel, with brand-new flooring underfoot in the dining. The generous lounge is anchored by a characterful brick feature and a slow-combustion fire - made for slow winter evenings - while ducted air conditioning keeps the whole home comfortable right through the seasons.

Accommodation comprises three bedrooms and a versatile sleepout that adapts beautifully as a fourth bedroom, home office or quiet retreat. Two bathrooms, a generous laundry and abundant built-in storage complete a practical, easy-living floor plan of 159m².

The 'Orana' gardens are a joy to come home to, and the package as a whole - character homestead, serious water security, ready-to-go farm infrastructure and a walk-to-town position - is one that genuinely stands apart. Inspection is a must.

Features Include:

• 'Orana' - character Gordon Burke homestead on 3.92 acres

• Picturesque frontage to Oakey Creek

• Town water, bore water (2-megalitre irrigation allocation) and rainwater storage

• Paddocks subdivided into several allotments with established shade belts

• Cattle and sheep yards with stable and hay storage

• Machinery shed with workshop

• Skillion for tractor and trailer

• Second car shed and workshop

• Two street access

• Three bedrooms plus a versatile sleepout

• Freshly painted kitchen and dining

• New flooring to the dining area

• Large lounge with brick feature and slow-combustion fire

• Ducted air conditioning

• Classic wraparound bullnose verandahs

• Purpose-built alfresco overlooking the creek

• Established 'Orana' gardens

• Walking distance to Oakey's main street

• 159m² home on 3.92 acres

To arrange an inspection, contact:

Vanessa McLeod · 0402 019 693

Mark Abra · 0407 787 579

Listing description written by Vanessa McLeod, ABRA Agencies Toowoomba — reproduced as published, not verified by Districts.

Property features

  • Built-in Robes
  • Dishwasher
  • Ducted Cooling
  • Ducted Heating
  • Fully Fenced
  • Outdoor Entertaining
  • Shed
  • Solar Panels
  • Study
  • Water Tank
  • Workshop
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.