Greenbank at a glance
15,350
People
$1,063,000
Median sale
$656/wk
Median rent
3.21%
Suburb gross yield
Median sale from 125 recorded sales (last 12 months) — a Districts calculation.
QLD › Greenbank › Covella Blvd
$920,000
Last sold
27 Oct 2025
4
Bedrooms
2
Bathrooms
2
Car spaces
350 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
$920,000
27 Oct 2025 · derived via latest_sale
Local land rate: recorded House sales in Greenbank (last 5 years) with land size have a median of $2,171/m² of land (n=145). Districts calculation from recorded sales — not a valuation.
Greenbank at a glance
15,350
People
$1,063,000
Median sale
$656/wk
Median rent
3.21%
Suburb gross yield
Median sale from 125 recorded sales (last 12 months) — a Districts calculation.
Vs Greenbank
-13.5%
Median sale
Suburb $1,063,000
+0.50 pp
Gross yield
Suburb 3.21%
Suburb median $1,063,000 from 125 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 $656/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
Greenbank at a glance
15,350
People
$1,063,000
Median sale
$656/wk
Median rent
3.21%
Suburb gross yield
Median sale from 125 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Prime Place PropertyWelcome to 87 Covella Boulevard, a beautifully designed near-new family home that perfectly blends modern style, comfort, and functionality. Just 1.5 years old and immaculately maintained by its owner, this residence is ideally positioned in the prestigious Covella Estate — one of Greenbank’s most sought-after communities.
Thoughtfully crafted for today’s lifestyle, the home features spacious open-plan living and dining areas that flow seamlessly to a covered outdoor entertaining space — ideal for hosting family and friends or simply relaxing in comfort. At the heart of the home sits a stunning modern kitchen, complete with stone benchtops, an island bench, a walk-in pantry, and quality stainless-steel appliances including a dishwasher and gas cooktop.
Move-in ready and low-maintenance, this property offers the perfect blend of practicality and modern elegance for families or investors alike.
Key Features:
* Built approx. 1.5 years ago – ready to move in
* Four spacious bedrooms – master with walk-in robe & ensuite
* Remaining Three bedrooms with built-in robes
* Modern kitchen with stone benchtops, island bench & walk-in pantry
* Open-plan living and dining areas for modern family living
* Ducted air-conditioning for all-season comfort
* LED downlights throughout
* Two modern bathrooms, main with bathtub
* Dishwasher and quality stainless-steel appliances
* Double remote lock-up garage with internal access
* Fully fenced 350m² block – easy-care and low maintenance
* Stylish, light-filled interiors throughout
Location Highlights:
* Located in the family-friendly Covella Estate with parks & walking trails
* 3 mins to Greenbank Shopping Centre (Woolworths, cafés, medical services)
* Close to schools, daycare centres, and gyms
* Zoned for Greenbank State School & Park Ridge State High School
* 5 mins to Park Ridge Town Centre – Coles, Aldi, and specialty stores
* Easy access to Mount Lindesay Highway & public transport
* 40 mins to Brisbane CBD
* Approx. 1 hour to the Gold Coast
Rental Appraisal: $700 – $740 per week
This near-new home offers the perfect combination of comfort, modern design, and an enviable Greenbank location — ready for you to move in and enjoy.
Don’t miss this opportunity – to arrange your private inspection, please contact German Gill on 0424 113 535.
DISCLAIMER: Prime Place Property has taken all reasonable steps to ensure that the information in this advertisement is true and correct but accepts no responsibility and disclaims all liability to any errors, omissions, inaccuracies, or misstatements contained. Prospective purchasers should make their own inquiries to verify the information contained in this advertisement.
Listing description written by German Gill, Prime Place Property — reproduced as published, not verified by Districts.
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