Districts
SuburbsBlogSearch
Sign inGet started
Districts
SuburbsBlogSearch
Sign inGet started

QLD › Woree › Rigg St

U117, 2-8 Rigg St, Woree QLD 4868

For saleUnit

$464,000

For sale

Asking

2

Bedrooms

2

Bathrooms

1

Car spaces

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $464,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $464,000(Listing record · 20 Aug 2026)
  • CalculationAsk is 38% below the Woree median recorded sale ($751,500, n=26, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Woree's advertised median rent ($484/wk), implied gross yield would be 5.42% — 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

$464,000

Asking

No recorded sale for this property.

Woree at a glance

5,263

People

$751,500

Median sale

$484/wk

Median rent

3.35%

Suburb gross yield

Median sale from 26 recorded sales (last 12 months) — a Districts calculation.

See the full Woree report →

Vs Woree

-38.3%

Median sale

Suburb $751,500

+2.07 pp

Gross yield

Suburb 3.35%

Suburb median $751,500 from 26 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$464,000
Stamp Duty (Queensland)
$14,665
Transfer/Registration Fee
$1,598
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
$483,963

$19,963 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 Woree's advertised median rent — not a rent for this listing.

Net yield
3.92%
Annual cashflow (pre-tax)
$-5,920
Interest cover (DSCR)
0.75
Annual rent
$25,168
Operating expenses
$6,960
Loan amount
$371,200
Annual interest
$24,128
Gross yield
5.42%

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$464,000available20 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 $484/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 5.4%. 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

Woree in one glance

Woree at a glance

5,263

People

$751,500

Median sale

$484/wk

Median rent

3.35%

Suburb gross yield

Median sale from 26 recorded sales (last 12 months) — a Districts calculation.

See the full Woree report →

Keep researching

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

Listing material

Listed by Cairns Property Office City

A Little More Space to Relax and Unwind

Welcome to Unit 117 at City Waters Luxury Apartments, a well-maintained complex offering secure and spacious living.

Property Features:

- Two bedrooms, two bathrooms

Read the full description

- Primary bedroom with private ensuite

- Single secure basement car space

- Built-in robes

- Internal laundry

- Fully air conditioned

- Open-plan kitchen, dining and living

- Spacious patio and balcony overlooking Gordons Creek

Complex Features:

- Secure gated complex

- Three separate pools with poolside cabanas

- Fully equipped gym

- Playground

- Onsite manager

Key Figures:

- Body Corporate = $5,608.46 per annum

- Council Rates = approx $3600 per annum

- Rental appraisal: $550-590 per week

- Currently tenanted until October 2026

Think low maintenance with access to some great onsite facilities. This two-bedroom, two-bathroom apartment offers a practical layout and a generous outdoor area.

The main bedroom has a private ensuite, with the second bedroom and bathroom giving you a bit of extra flexibility. The open plan kitchen, dining and living area gives you a good amount of space, with the patio and balcony overlooking Gordons Creek.

It's fully airconditioned, has an internal laundry and your own basement car space, so there's not much to worry about day to day.

Then there's everything else that comes with City Waters. Three pools, poolside cabanas, a gym, playground, secure gated access and an onsite manager. It's a pretty easy way to enjoy the lifestyle without the upkeep of a house.

**Inspections by Appointment**

Please contact Ian Nathan on 0405 845 535 to arrange an inspection.

DISCLAIMER: We believe this information to be accurate and reliable, however we cannot guarantee its accuracy. Interested parties should make their own enquiries and rely on their own investigations before making any decisions. Virtual styling has been used in some images to help showcase the potential of the property. Furniture and décor shown are for illustration purposes only and may not reflect the property as it currently presents.

Listing description written by Ian Nathan, Cairns Property Office City — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Balcony
  • Built-in Robes
  • Dishwasher
  • Gym
  • In-Ground Pool
  • Secure Parking
  • Toilets: 2
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.