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QLD › Southport › Musgrave Ave

U1010, 154 Musgrave Ave, Southport QLD 4215

For saleTownhouse

$1,325,000

For sale

Asking

3

Bedrooms

2

Bathrooms

2

Car spaces

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $1,325,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $1,325,000(Listing record · 24 Aug 2026)
  • CalculationAsk is 8% above the Southport median recorded sale ($1,230,000, n=41, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Southport's advertised median rent ($773/wk), implied gross yield would be 3.03% — 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

$1,325,000

Asking

No recorded sale for this property.

Southport at a glance

40,564

People

$1,230,000

Median sale

$773/wk

Median rent

3.27%

Suburb gross yield

Median sale from 41 recorded sales (last 12 months) — a Districts calculation.

See the full Southport report →

Vs Southport

+7.7%

Median sale

Suburb $1,230,000

-0.24 pp

Gross yield

Suburb 3.27%

Suburb median $1,230,000 from 41 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$1,325,000
Stamp Duty (Queensland)
$56,713
Transfer/Registration Fee
$5,602
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
$1,391,015

$66,015 on top of the price (5.0% 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 Southport's advertised median rent — not a rent for this listing.

Net yield
1.53%
Annual cashflow (pre-tax)
$-48,579
Interest cover (DSCR)
0.29
Annual rent
$40,196
Operating expenses
$19,875
Loan amount
$1,060,000
Annual interest
$68,900
Gross yield
3.03%

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$1,325,000available24 Aug 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 $773/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 3.0%. 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

Southport in one glance

Southport at a glance

40,564

People

$1,230,000

Median sale

$773/wk

Median rent

3.27%

Suburb gross yield

Median sale from 41 recorded sales (last 12 months) — a Districts calculation.

See the full Southport report →

Keep researching

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

Listing material

Listed by Ray White Advantage

Sophisticated Townhouse Living in the Heart of Southport

Experience refined contemporary living in this beautifully appointed two-storey, three-bedroom townhouse. Showcasing sophisticated interiors, a versatile floor plan and a private outdoor sanctuary, this exceptional residence is designed for stylish living, relaxed comfort and effortless entertaining.

From the moment you enter, light-filled interiors and a sophisticated neutral palette creates an immediate sense of warmth and refinement. The flowing floor plan makes everyday living easy while providing inviting spaces to relax, work and entertain.

At the heart of the home is the contemporary kitchen that combines style with functionality. Sleek cabinetry, ample storage, generous preparation space and an expansive island bench making this a natural gathering point. Whether preparing a quiet weeknight meal or entertaining friends, the kitchen connects effortlessly with the open-plan living and dining area.

Read the full description

Wide sliding doors open to a peaceful covered entertaining courtyard surrounded by established greenery. Private, sheltered and wonderfully inviting, this tranquil space is perfect for long lunches, evening drinks, weekend barbecues or simply unwinding in your own leafy retreat.

A separate multipurpose room adds another layer of versatility to the home. Ideally suited as a dedicated office, children's retreat or second living area, it allows the floor plan to adapt as your lifestyle evolves.

Upstairs, the master suite offers a peaceful escape from the day. Complete with a walk-in robe, stylish private ensuite and its own balcony, it provides the perfect place to enjoy a quiet morning with a moment of fresh air. Two additional bedrooms and a contemporary main bathroom comfortably accommodate family members, guests or a growing household.

Beautifully appointed downstairs powder room, excellent storage and a practical laundry add to the home's everyday appeal, while the secure double lock-up garage provides valuable space for vehicles and belongings.

PROPERTY HIGHLIGHTS

* Contemporary two-storey townhouse

* Three light-filled bedrooms

* Master suite with private balcony, ensuite and walk-in robe

* Main Bathroom

* Flexible additional room for a home office or second living area

* Open-plan living and dining with effortless flow

* Sleek modern kitchen with island bench and excellent storage

* Seamless connection to the covered outdoor entertaining area

* Practical laundry and powder room

* Secure double lock-up garage

* An outstanding low-maintenance lifestyle opportunity

OUTGOINGS

Council Rates: Approx $2,492 per annum

Water Rates: Approx $1,600 per annum

Body Corporate: $109 per week approx

Sinking Fund: $235,729.31 as at 21/08/26 (Sphere Garden Terraces)

Rental Estimate: $1,100 per week approx.

The complex features a fully equipped gymnasium with a steam room, four recreational swimming pools including a 25m lap pool, a separate plunge pool, outdoor spa, BBQ pavilion and resident lounge.

The location couldn't be better. Just minutes from Griffith University, Gold Coast University Hospital, local shops, cafes and Chirn Park's dining precinct, everything you need is right on your doorstep.

Chirn Park is a family-friendly haven with a small-village feel and is renowned for its boutique shops, cafes, and restaurants, making it a popular destination for both locals and visitors. The dining scene in Chirn Park is particularly noteworthy, offering a variety of culinary experiences that cater to diverse tastes. Residents and visitors can enjoy leisurely strolls along the nearby Broadwater Parklands, which provide picturesque views and a range of outdoor activities.

Musgrave Park is a premier destination for dog owners, spanning 19 hectares and offers a substantial off leash area perfect for dogs to roam and play.

Disclaimer:

In preparing this information we have used our best endeavours to ensure the information contained herein is true and accurate, but we accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies, or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.

Listing description written by Bree Asbury, Ray White Advantage — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Balcony
  • Built-in Robes
  • Courtyard
  • Deck
  • Dishwasher
  • Fully Fenced
  • Gym
  • Outdoor Entertaining
  • Outside Spa
  • In-Ground Pool
  • Remote Garage
  • Secure Parking
  • Study

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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.