Gumdale at a glance
2,392
People
$1,970,000
Median sale
$799/wk
Median rent
2.11%
Suburb gross yield
Median sale from 6 recorded sales (last 12 months) — a Districts calculation.
QLD › Gumdale › Formosa Rd
$4,000,000
Last sold
16 Aug 2021
5
Bedrooms
4
Bathrooms
8
Car spaces
10,100 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
$4,000,000
16 Aug 2021 · derived via latest_sale
Gumdale at a glance
2,392
People
$1,970,000
Median sale
$799/wk
Median rent
2.11%
Suburb gross yield
Median sale from 6 recorded sales (last 12 months) — a Districts calculation.
Vs Gumdale
+103.0%
Median sale
Suburb $1,970,000
-1.07 pp
Gross yield
Suburb 2.11%
Suburb median $1,970,000 from 6 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 $799/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
Gumdale at a glance
2,392
People
$1,970,000
Median sale
$799/wk
Median rent
2.11%
Suburb gross yield
Median sale from 6 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by RE/MAX AdvantageShowcasing the absolute epitome of acreage lifestyle, you will feel the peacefulness once the gate closes behind you when coming home to 593 Formosa Road. Set amid beautifully landscaped grounds and boasting 2.5 acres of fully usable land with an abundance of manicured lawns and located in one of Gumdale's most exclusive streets, this sprawling single-level residence is unparallel to anything currently offered to the market. With its perfect and seamless integration of indoor/outdoor living, open plan design, and a very private feel which creates the ultimate home to raise your family.
Brilliantly functional as it is unforgettably stylish, the home features a grand entrance to the ingenious open plan design, boasting 5 livings areas, a cinema room, high ceilings, beautiful french oak timber floors just to summarise. Accommodation comprises of 5 bedrooms which includes a deluxe master suite with a large ensuite with double vanity, walk-in robe, and your very own entrance to the stunning pool area.
Situated on an envious 2.5-acre corner block, you will quickly realise the luxury of your 100m frontage, giving you the tranquil seclusion of no neighbours. Enjoying an outstanding location just 25 minutes from Brisbane CBD, with Gumdale State School, Gumdale Village just 1 minute by car or a 15-minute walk, 593 Formosa Road provides the tranquillity of acreage living without sacrificing convenience.
Nestled in Gumdale's treelined streets and within easy driving distance to many private schools, Manly Yacht Club, Westfield Carindale, Gateway motorway, Brisbane Airport, and many recreational facilities everything is at your fingertips. Arrange your private inspection today or visit the next open for inspection. But don't delay as generational opportunities like this one don't arise every day!
Features include
- Highly desired Gumdale State school catchment
- Fully fenced boundaries with electric gates and dual street access
- Landscaped gardens and hedges which have created excellent privacy
- Fully usable 2.5 acres with plenty of lawn for the family to enjoy
- With a 100m Frontage and being a corner block you have 2 street access
- Plenty of space for a tennis court or driving range, you decide
- Included is Dilli Gent an Ox created by famed sculptor and public artist Andrew Cullen (2021 is Year of the Ox)
- Recently renovated exterior and interior
- Brand New French oak timber flooring to all main living areas and hallways
- Brand new carpets, interior and exterior paint, kitchen and bathroom cabinetry
- Solar panels, high ceilings, and ducted air conditioning
- Alarm system, crimsafe doors, and windows throughout
- 5 Large bedrooms all with built ins
- Master features walk-in robe, views to the pool, and large ensuite
- 4 Well positioned bathrooms in immaculate condition
- 3 Car garage with epoxy flooring, double carport, and triple bay shed
- Plenty of room for boats, caravans, and a large shed if needed
- Cinema room with projector, speakers and projector screen
- Games room well-appointed to the pool area with a wet bar and full bathroom
- Open plan living and dining adjoining the main kitchen that opens to the pool area
- Chef's kitchen with ample bench space and a brand new 900mm freestanding oven
- Stunning and brand new Shaker-style cabinetry to the kitchen and bathrooms
- Formal dining for the special occasion that adjoins the formal living area
- Family indoor/outdoor living and dining with a built-in kitchen (perfect for summer gatherings) this room flows to the pool area and backyard.
- Gourmet kitchen complete with gas cooking, rangehood, and bar fridge
- Wet bar complete with stone benchtops, fridge space, and full bathroom
- Outdoor grassed area for entertaining around the large inground pool
There are way too many features to list all and possibilities are endless. Contact Todd today for more information.
This property is being sold without a price by way of best offers before, we are unable to provide a price guide. Upon request we will provide interested buyers with recent market sales to use as a guide only.
Listing description written by Todd Gerhardt, RE/MAX Advantage — reproduced as published, not verified by Districts.