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QLD › St Lucia › Austral St

U10, 11 Austral St, St Lucia QLD 4067

For saleTownhouse

$50,029

For sale

Asking

2

Bedrooms

2

Bathrooms

1

Car spaces

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $50,029 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $50,029(Listing record · 25 May 2026)
  • CalculationAsk is 97% below the St Lucia median recorded sale ($1,850,000, n=21, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at St Lucia's advertised median rent ($747/wk), implied gross yield would be 77.64% — 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

$50,029

Asking

No recorded sale for this property.

St Lucia at a glance

15,468

People

$1,850,000

Median sale

$747/wk

Median rent

2.10%

Suburb gross yield

Median sale from 21 recorded sales (last 12 months) — a Districts calculation.

See the full St Lucia report →

Vs St Lucia

-97.3%

Median sale

Suburb $1,850,000

+75.54 pp

Gross yield

Suburb 2.10%

Suburb median $1,850,000 from 21 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$50,029
Stamp Duty (Queensland)
$675
Transfer/Registration Fee
$248
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
$54,652

$4,623 on top of the price (9.2% 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 St Lucia's advertised median rent — not a rent for this listing.

Net yield
76.14%
Annual cashflow (pre-tax)
$35,492
Interest cover (DSCR)
14.64
Annual rent
$38,844
Operating expenses
$750
Loan amount
$40,023
Annual interest
$2,602
Gross yield
77.64%

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$50,029available25 May 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 $747/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 77.6%. 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

St Lucia in one glance

St Lucia at a glance

15,468

People

$1,850,000

Median sale

$747/wk

Median rent

2.10%

Suburb gross yield

Median sale from 21 recorded sales (last 12 months) — a Districts calculation.

See the full St Lucia report →

Keep researching

  • Why St Lucia? Read the area thesis →
  • What else is on the market in St Lucia →
  • Other records on Austral St →

Listing material

Listed by Ray White Indooroopilly

Built with character, updated for modern living | Welcome to The Elms, St Lucia

There is a certain kind of townhouse that simply does not get built anymore, and 10/11 Austral Street is exactly that. Set within the tightly held Elms complex, this is classic 1980s brick architecture at its best, with rich masonry, decorative ironwork, numerous balconies and a layout that feels generous, practical and quietly impressive from the moment you step inside.

The arrival to the home is cleverly designed with dual access options, either via the formal front entry alongside the lock-up garage or through the rear of the complex, where direct access leads to the private courtyard and ground floor multipurpose suite. This flexible layout adds an extra layer of practicality for guests, working from home or day-to-day convenience.

Upstairs, the main living level feels immediately expansive, anchored by a traditional brick fireplace, soaring ceilings and a central stairwell that gives the space both openness and definition. Large glass sliders draw in natural light and connect seamlessly to balconies at either end, creating excellent airflow and an effortless indoor-outdoor connection.

Read the full description

Across the versatile three level design, the home offers two dedicated bedrooms, two bathrooms and a single lock up garage, with the ground floor multipurpose providing excellent flexibility for guests, working from home or third guest bedroom unlike many townhouses of the era, the layout feels practical, well separated and genuinely spacious, while the owner's recent cosmetic updates allowing the next owner to simply move in and enjoy from day one.

Upstairs, the home opens out to elevated, twin balconies with leafy outlooks across the complex, where palms, open lawn and the pool create a resort-style backdrop that is hard to replicate this close to the city. Vaulted ceilings enhance the sense of volume, while the kitchen remains original yet functional with a strong footprint to work with. The main bathroom presents the perfect opportunity for further update, letting the next owner elevate the home without needing to reinvent what already works.

All of this sits in one of St Lucia's most connected pockets, moments to the University of Queensland, within the highly coveted Ironside and Indooroopilly State School catchments.

What we love

• Blue chip St Lucia position within the tightly held Elms complex of just 14 residences

• Three-level townhouse with two dedicated bedrooms, two bathrooms with a serviced ground floor multipurpose room or third guest bedroom

• Single lock-up garage with additional storage and internal access

• Private rear courtyard opening directly into the leafy internal grounds of the complex

• Vaulted ceilings, exposed brickwork with classic 1980s architectural character throughout

• Generous open plan living and dining anchored by a statement brick fireplace

• New cosmetic updates throughout, including hybrid flooring, fresh paint, refreshed kitchen and updated shower

• Front and rear balconies creating excellent natural light and cross ventilation

• Quiet, established complex with pool and resort-style surrounds

• Vacant and move-in ready with flexibility for owner-occupiers or investors

Location we love

• University of Queensland: approx 4 mins drive or 15 mins walk

• Taringa train station: approx 4 mins drive or 12 mins walk

• Indooroopilly Shopping Centre: approx 6 mins drive

• Toowong Village and train: approx 7 mins drive

• St Lucia ferry terminal: approx 7 mins walk

• Ironside State School catchment and Indooroopilly State High School catchment

• Local cafes and essentials along Hawken Drive and Gailey Road: approx 2 to 5 mins drive

• Indooroopilly Golf Club and riverside walking and cycling paths: approx 6 to 10 mins drive

• Within the Ironside State School and Indooroopilly State High School catchments

Listing description written by Andrew Richardson, Ray White Indooroopilly — reproduced as published, not verified by Districts.

Districts

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

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