Westlake at a glance
4,520
People
$1,650,444
Median sale
$766/wk
Median rent
2.41%
Suburb gross yield
Median sale from 16 recorded sales (last 12 months) — a Districts calculation.
$1,600,888
Last sold
8 Feb 2026
5
Bedrooms
3
Bathrooms
2
Car spaces
698 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
Last sold
$1,600,888
8 Feb 2026 · derived via latest_sale
Local land rate: recorded House sales in Westlake (last 5 years) with land size have a median of $1,744/m² of land (n=137). Districts calculation from recorded sales — not a valuation.
Westlake at a glance
4,520
People
$1,650,444
Median sale
$766/wk
Median rent
2.41%
Suburb gross yield
Median sale from 16 recorded sales (last 12 months) — a Districts calculation.
Vs Westlake
-3.0%
Median sale
Suburb $1,650,444
+0.08 pp
Gross yield
Suburb 2.41%
Suburb median $1,650,444 from 16 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 $766/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
Westlake at a glance
4,520
People
$1,650,444
Median sale
$766/wk
Median rent
2.41%
Suburb gross yield
Median sale from 16 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by NGU Real Estate BrisbanePositioned in a highly desirable riverside pocket, 57 Penong Street delivers exceptional scale, flexibility and lifestyle appeal. Predominantly brick and beautifully presented, this expansive family residence combines generous proportions with modern upgrades and a relaxed indoor–outdoor flow designed for entertaining.
A welcoming entry reveals a large formal sitting room to the left, complete with a fireplace and seamless connection to the formal dining area. This flows into the heart of the home—an impressive open-plan kitchen renovated approximately eight years ago, complemented by new flooring completed at the same time. Featuring a walk-in pantry and extensive storage, the kitchen overlooks both a casual dining space and a second living area, creating a central hub for everyday living.
Beyond this, a third living zone or rumpus/media room offers excellent separation and can be closed off when desired. The ground level continues with a spacious, air-conditioned living environment, a large laundry with direct outdoor access, a luxe bathroom with floor-to-ceiling tiling, and a substantial additional storage room that adds outstanding versatility.
Outdoors, the home truly comes into its own. A generous undercover entertaining patio overlooks the in-ground pool, framed by glass fencing for uninterrupted sightlines. Timber walkways, lush tropical landscaping and low-maintenance lawn areas create a private oasis ideal for hosting, relaxing and family enjoyment.
Upstairs accommodation is equally impressive, with a central family bathroom featuring a separate toilet, bath and shower. Four airy bedrooms include built-in wardrobes and ceiling fans, while the master suite stands out with air-conditioning, a large walk-in wardrobe and a private ensuite, offering a peaceful retreat from the rest of the home.
A double garage, garden shed, and manicured front gardens providing privacy and strong street appeal complete this exceptional offering.
What You'll Love
- Five bedrooms and three bathrooms with multiple living zones
- Formal sitting room with fireplace flowing to formal dining
- Renovated open-plan kitchen with walk-in pantry and abundant storage
- New flooring completed with the kitchen renovation
- Three distinct living areas, including a closeable media/rumpus room
- Air-conditioned main living zones for year-round comfort
- Luxe downstairs bathroom with floor-to-ceiling tiling
- Large laundry with direct outdoor access
- Exceptional internal storage, including a versatile oversized storage room
- Expansive undercover entertaining patio
- In-ground pool with glass fencing, timber walkways and lush greenery
- Low-maintenance lawn areas ideal for family living
- Spacious master retreat with air-conditioning, walk-in robe and ensuite
- Double garage plus garden shed
- Established front gardens creating privacy and street presence
- Sought-after location close to the river
Location Highlights
- Approximately 400 m to riverfront walking and cycling paths
- Around 1.5 km to local cafés, convenience stores and everyday amenities
- Approximately 3 km to Mt Ommaney Shopping Centre
- Around 20–25 minutes' drive to Brisbane CBD (off-peak)
- Easy access to major arterial roads, including the Centenary Highway
Education Highlights
- Approximately 1.2 km to local childcare and early learning centres
- Around 1.8 km to Jamboree Heights State School
- Approximately 2.5 km to Centenary State High School
- Easy access to respected private schools across the Centenary and western corridor
Offering impressive scale, multiple living zones, a renovated kitchen and a resort-style -poolside setting, 57 Penong Street is a standout family home delivering space, comfort and lifestyle in a prime riverside location.
This property is being sold by auction or 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.
Your dream home awaits.
Disclaimer:
All information contained herein is gathered from sources we consider to be reliable however we cannot guarantee or give any warranty about the information provided and interested parties must solely rely on their own enquiries.
Listing description written by Jason Yang, NGU Real Estate Brisbane — reproduced as published, not verified by Districts.