Redland Bay at a glance
19,544
People
$1,192,500
Median sale
$768/wk
Median rent
3.35%
Suburb gross yield
Median sale from 146 recorded sales (last 12 months) — a Districts calculation.
QLD › Redland Bay › Banana St
For sale
For sale
4
Bedrooms
2
Bathrooms
5
Car spaces
1,618 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
No recorded sale price for this property yet.
Local land rate: recorded House sales in Redland Bay (last 5 years) with land size have a median of $1,908/m² of land (n=137). Districts calculation from recorded sales — not a valuation.
Redland Bay at a glance
19,544
People
$1,192,500
Median sale
$768/wk
Median rent
3.35%
Suburb gross yield
Median sale from 146 recorded sales (last 12 months) — a Districts calculation.
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 $768/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
Redland Bay at a glance
19,544
People
$1,192,500
Median sale
$768/wk
Median rent
3.35%
Suburb gross yield
Median sale from 146 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Freedom Property CentralPositioned on a substantial 1618m² allotment in the heart of Weinam Creek, 65-67 Banana Street presents an exceptional development opportunity with outstanding long-term potential. Whether you´re looking to hold and earn strong rental returns from the existing property or capitalise on the site´s future by developing a seven-storey unit complex (STCA), this is a rare chance to secure a blue-chip investment in one of Redland Bay´s most exciting growth corridors. This visionary precinct will feature a vibrant mix of residential, retail and community spaces, including restaurants, cafés, a supermarket and other modern amenities—all designed to activate the foreshore and enhance liveability for residents and visitors alike.
The site features a four-bedroom and two-bathroom home currently leased at $620 per week, providing a solid holding income. Adding further value are 22 on-site car parks, each rented at $150 per month, delivering additional consistent revenue. This combined income stream makes the property a compelling proposition for investors seeking both immediate cash flow and substantial future growth potential.
Offering excellent waterfront potential, this site is zoned for redevelopment and set to benefit from upcoming infrastructure improvements in the area. With its generous land size and premium location, the possibilities here are endless—create a multi-unit development, landbank for future growth, or continue enjoying strong income while planning your next move.
Conveniently located just moments from the Redland Bay Marina and ferry terminal, you´re also only a short 10-minute stroll to Redland Bay Village, home to Woolworths, cafés, takeaways, and the iconic Redland Bay Hotel. Families will appreciate the close proximity to highly regarded schools including Redland Bay State School, Kimberley College and Calvary Christian College, while Victoria Point Shopping Centre is only 12 minutes away for even more retail and dining options.
- Large 1618m² block with redevelopment zoning
- Potential for seven-storey unit complex (STCA)
- Prime location in Weinam Creek growth area
- Strong rental returns and investment upside
- Walk to marina, shops, cafes, and transport
- Close to schools and major shopping centres
Call Josh Sherwood & Joel Stephenson today
Listing description written by Josh Sherwood, Freedom Property Central — reproduced as published, not verified by Districts.
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