Districts
SuburbsBlogSearch
Sign inGet started
Districts
SuburbsBlogSearch
Sign inGet started

QLD › Bongaree › Bestman Ave

7/16 Bestman Ave, Bongaree QLD 4507

For saleUnit

$400,000

For sale

Asking

1

Bedrooms

1

Bathrooms

1

Car spaces

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $400,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $400,000(Listing record · 23 June 2026)
  • CalculationAsk is 60% below the Bongaree median recorded sale ($1,000,000, n=58, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Bongaree's advertised median rent ($627/wk), implied gross yield would be 8.15% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

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

$400,000

Asking

No recorded sale for this property.

Bongaree at a glance

9,191

People

$1,000,000

Median sale

$627/wk

Median rent

3.26%

Suburb gross yield

Median sale from 58 recorded sales (last 12 months) — a Districts calculation.

See the full Bongaree report →

Vs Bongaree

-60.0%

Median sale

Suburb $1,000,000

+4.89 pp

Gross yield

Suburb 3.26%

Suburb median $1,000,000 from 58 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$400,000
Stamp Duty (Queensland)
$12,425
Transfer/Registration Fee
$1,272
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
$417,397

$17,397 on top of the price (4.3% 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 Bongaree's advertised median rent — not a rent for this listing.

Net yield
6.65%
Annual cashflow (pre-tax)
$5,804
Interest cover (DSCR)
1.28
Annual rent
$32,604
Operating expenses
$6,000
Loan amount
$320,000
Annual interest
$20,800
Gross yield
8.15%

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

  1. Listed$400,000available23 June 2026

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 $627/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 8.2%. 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

Bongaree in one glance

Bongaree at a glance

9,191

People

$1,000,000

Median sale

$627/wk

Median rent

3.26%

Suburb gross yield

Median sale from 58 recorded sales (last 12 months) — a Districts calculation.

See the full Bongaree report →

Keep researching

  • Why Bongaree? Read the area thesis →
  • What else is on the market in Bongaree →
  • Other records on Bestman Ave →

Listing material

Listed by Belle Property Bribie Island

Walk-everywhere convenience by the water

Perfectly positioned in the heart of Bongaree, this light-filled apartment offers an unbeatable lifestyle opportunity just moments from the waterfront, local cafés, shopping and the vibrant jetty precinct. With the Pumicestone Passage only 100 metres away, IGA virtually at your doorstep, and everything you need within easy walking distance, this is effortless island living at its best.

Rarely available and increasingly difficult to find, this one-bedroom apartment presents an affordable opportunity to enter the sought-after Bongaree market. Whether you're a first home buyer looking to secure your place by the coast, an investor seeking a low-maintenance addition to your portfolio, or a downsizer wanting convenience without compromise, this property offers broad appeal in an exceptional location.

Designed for easy, low-maintenance living, the open-plan layout feels bright and welcoming, enhanced by large windows that draw in natural light throughout the day. The living and dining area flows seamlessly to the balcony, creating inviting spaces to enjoy the coastal breezes and relaxed surrounds. One balcony extends directly from the bedroom, creating an outdoor retreat to enjoy your morning coffee or evening unwind. And the second balcony overlooking the complex pool, so whether enjoying your morning coffee, unwinding after a waterfront walk or entertaining friends, the outdoor spaces offer a comfortable extension of the home

Read the full description

The practical kitchen features laminate benchtops, tiled flooring, an Altus oven, Everdure 4-burner cooktop and excellent storage. The generous bedroom offers a peaceful and private retreat, complete with built-in wardrobe, split-system air conditioning, ceiling fan and soft carpet underfoot. The bathroom is well-positioned, while additional storage throughout the apartment adds everyday functionality.

Property Highlights:

- Walk-everywhere location just 100m to the waterfront

- Light-filled open-plan living and dining area

- 1 spacious bedroom with built-in wardrobe

- Split-system air conditioning in bedroom

- Two private balconies, including one accessed directly from the bedroom

- Two private balconies capturing coastal breezes

- Elevated outlook over the complex pool

- Kitchen with Altus oven and Everdure 4-burner cooktop

- Carpeted living and bedroom with tiled kitchen flooring

- Ceiling fans throughout

- Plenty of internal storage

- 1 dedicated car space

- 100m to IGA and everyday conveniences

- 800m to the Bongaree Jetty precinct

Positioned in one of Bongaree's most convenient pockets, this apartment places the very best of Bribie Island living within easy reach. Start your day with a waterfront walk, enjoy coffee at nearby cafés, pick up groceries from IGA just metres away, or stroll to the jetty precinct for dining, markets and community events. This is relaxed island living with genuine walk-everywhere convenience.

Rarely do opportunities arise to secure a property in such a tightly held pocket where the waterfront, shopping, cafés and the jetty precinct are all within easy reach. Offering a rare one-bedroom opportunity in the heart of Bongaree, this apartment is perfectly suited to investors, downsizers and first home buyers seeking an achievable entry point into one of Bribie Island's most desirable locations. Ideal for downsizers, investors or those seeking a convenient coastal base, this is a lifestyle-focused opportunity not to be missed.

Open to offers - contact Shontelle today to arrange your private viewing.

Disclaimer: Some images have been virtually staged to illustrate the property's potential. Furniture and décor shown are digitally added and are not included in the sale.

Listing description written by Shontelle Cross, Belle Property Bribie Island — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Balcony
  • Built-in Robes
  • Pool
  • In-Ground Pool
  • Remote Garage
Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

Research

  • Property search
  • Suburb profiles
  • Blog
  • Calculators
  • Follow suburbs
  • Sign in

Learn

  • How we use data
  • What's covered
  • Questions
  • Who it's for
  • Access

Company

  • About
  • Contact
  • support@districts.com.au

Legal

  • Privacy
  • Terms

© 2026 Districts

districts.com.au

Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.