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QLD › Mount Gravatt East › Selborne St

U1, 29-31 Selborne St, Mount Gravatt East QLD 4122

For saleApartment

$850,000

For sale

Asking

3

Bedrooms

2

Bathrooms

1

Car spaces

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $850,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $850,000(Listing record · 29 July 2026)
  • CalculationAsk is 46% below the Mount Gravatt East median recorded sale ($1,578,500, n=48, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Mount Gravatt East's advertised median rent ($680/wk), implied gross yield would be 4.16% — 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

$850,000

Asking

No recorded sale for this property.

Mount Gravatt East at a glance

13,238

People

$1,578,500

Median sale

$680/wk

Median rent

2.24%

Suburb gross yield

Median sale from 48 recorded sales (last 12 months) — a Districts calculation.

See the full Mount Gravatt East report →

Vs Mount Gravatt East

-46.2%

Median sale

Suburb $1,578,500

+1.92 pp

Gross yield

Suburb 2.24%

Suburb median $1,578,500 from 48 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$850,000
Stamp Duty (Queensland)
$31,275
Transfer/Registration Fee
$3,368
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
$888,343

$38,343 on top of the price (4.5% 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 Mount Gravatt East's advertised median rent — not a rent for this listing.

Net yield
2.66%
Annual cashflow (pre-tax)
$-21,590
Interest cover (DSCR)
0.51
Annual rent
$35,360
Operating expenses
$12,750
Loan amount
$680,000
Annual interest
$44,200
Gross yield
4.16%

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$850,000available29 July 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 $680/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 4.2%. 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

Mount Gravatt East in one glance

Mount Gravatt East at a glance

13,238

People

$1,578,500

Median sale

$680/wk

Median rent

2.24%

Suburb gross yield

Median sale from 48 recorded sales (last 12 months) — a Districts calculation.

See the full Mount Gravatt East report →

Keep researching

  • Why Mount Gravatt East? Read the area thesis →
  • What else is on the market in Mount Gravatt East →
  • Other records on Selborne St →

Listing material

Listed by Ray White Springwood & Shailer Park

Spacious Living. Unbeatable Location. Lifestyle You'll Love.

What if you could have the space of a house… without the maintenance?

More space. More lifestyle. Less compromise. This beautifully presented 3-bedroom apartment in a boutique Mount Gravatt East complex delivers oversized living, a private entertainer's balcony and unbeatable convenience; all with low-maintenance living just minutes from everything.

From the generous bedrooms (including a spacious master with ensuite) to the light-filled open-plan living that flows onto a large private balcony, every detail is designed for comfort. Perfect for first-home buyers, downsizers, professionals or investors who want the space of a home without the upkeep.

Read the full description

Property Features:

• Three generously sized bedrooms, all with built-in wardrobes

• Spacious master with private ensuite

• Open-plan living & dining filled with natural light

• Large entertainer's balcony perfect for relaxing or hosting

• Well-appointed kitchen with ample storage and bench space

• Two modern bathrooms

• Secure single garage

• Boutique complex for privacy + low-maintenance living

• Outstanding location near Westfield Garden City, cafe's, schools, parks & transport

• Easy access to Brisbane CBD, universities & major motorways

Located in one of Brisbane's most sought-after suburbs, you'll have cafe's, shopping, quality schools, parks and public transport right at your fingertips, plus quick links to the city and motorways.

Offering the space of a house with the convenience of apartment living, this is a rare chance to secure an exceptional home in a blue-chip location.

Reach out today and discover why Mount Gravatt East continues to be one of Brisbane's most desirable places to call home.

Disclaimer: All information contained herewith, including but not limited to the general property description, price and the address, is provided to Ray White Springwood & Shailer Park by third parties. We have obtained this information from sources we believe to be reliable; however, we cannot guarantee its accuracy. The information contained herewith should not be relied upon and you should make your own enquiries and seek advice in respect of this property or any property on this website.

Listing description written by Matthew Jones, Ray White Springwood & Shailer Park — reproduced as published, not verified by Districts.

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

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