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QLD › Runaway Bay › Madang Cres

U13, 9-13 Madang Cres, Runaway Bay QLD 4216

For saleUnit

$1,100,000

For sale

Asking

2

Bedrooms

2

Bathrooms

1

Car spaces

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $1,100,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $1,100,000(Listing record · 28 July 2026)
  • CalculationAsk is 34% below the Runaway Bay median recorded sale ($1,660,000, n=49, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Runaway Bay's advertised median rent ($792/wk), implied gross yield would be 3.74% — 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

$1,100,000

Asking

No recorded sale for this property.

Runaway Bay at a glance

9,774

People

$1,660,000

Median sale

$792/wk

Median rent

2.48%

Suburb gross yield

Median sale from 49 recorded sales (last 12 months) — a Districts calculation.

See the full Runaway Bay report →

Vs Runaway Bay

-33.7%

Median sale

Suburb $1,660,000

+1.26 pp

Gross yield

Suburb 2.48%

Suburb median $1,660,000 from 49 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$1,100,000
Stamp Duty (Queensland)
$43,775
Transfer/Registration Fee
$4,532
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
$1,152,007

$52,007 on top of the price (4.7% 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 Runaway Bay's advertised median rent — not a rent for this listing.

Net yield
2.24%
Annual cashflow (pre-tax)
$-32,516
Interest cover (DSCR)
0.43
Annual rent
$41,184
Operating expenses
$16,500
Loan amount
$880,000
Annual interest
$57,200
Gross yield
3.74%

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$1,100,000available28 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 $792/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 3.7%. 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

Runaway Bay in one glance

Runaway Bay at a glance

9,774

People

$1,660,000

Median sale

$792/wk

Median rent

2.48%

Suburb gross yield

Median sale from 49 recorded sales (last 12 months) — a Districts calculation.

See the full Runaway Bay report →

Keep researching

  • Why Runaway Bay? Read the area thesis →
  • What else is on the market in Runaway Bay →
  • Other records on Madang Cres →

Listing material

Listed by Hillsea Real Estate Paradise Point

TOP FLOOR LIVING! - PRIVATE INSPECTION ONLY

Perfectly positioned on the top floor of the tightly held Madang Waters complex, this beautifully presented apartment offers an exceptional combination of space, privacy and lifestyle in one of Runaway Bay's most sought after waterfront pockets. Renowned for its peaceful atmosphere, immaculate presentation and bridge free access to the Broadwater, this boutique complex is ideal for boating enthusiasts while being just moments from open waterways and all the lifestyle amenities the area has to offer.

Designed to capture natural light and cooling breezes, the apartment enjoys impressive views in every direction. Take in sweeping eastern, western, northern and southern aspects, including stunning Broadwater and city skyline views that provide the perfect backdrop for the Gold Coast's annual Pacific Airshow and New Year's Eve fireworks.

The spacious open plan design seamlessly connects the living, dining and kitchen areas to a generous east facing balcony overlooking the canal, creating the perfect space to relax or entertain family and friends.

Read the full description

Features include:

- Top floor apartment in the boutique Madang Waters complex

- Spacious open plan living and dining filled with natural light

- Well appointed kitchen with ample storage and bench space

- Large east facing balcony overlooking the canal with Broadwater views

- Generous master bedroom complete with an ensuite

- Spacious additional bedroom with balcony access

- Family bathroom featuring a bath and shower

- Separate internal laundry

- Secure basement parking with an oversized single garage offering excellent storage and workshop space, with plenty of room for a jet ski, motorbike, e-bikes and more

- Security door with camera system installed

Residents enjoy exclusive access to:

- Private boat ramp with direct water access

- Boat wash down and car wash facilities

- Swimming pool and BBQ entertaining area

- Outdoor bathroom amenities

- Secure visitor parking

- Beautifully maintained tropical gardens and canal front walking paths

The complex is home to a friendly mix of owner occupiers who value privacy while maintaining a welcoming community, conveniently located just minutes from Harbour Town Premium Outlets, Runaway Bay Shopping Village, cafes, restaurants, public transport and the beautiful Broadwater, this secure boutique complex offers the perfect balance of convenience and lifestyle.

Offering space, security, spectacular views and an unbeatable waterfront lifestyle, this is a rare opportunity to secure a home in one of Runaway Bay's true hidden gems. Contact Reuben Healy today on 0467376213 to arrange your private inspection.

Disclaimer:

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

Listing description written by Reuben Healy, Hillsea Real Estate Paradise Point — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Balcony
  • Built-in Robes
  • Dishwasher
  • Ensuites: 1
  • Intercom
  • Living Areas: 1
  • In-Ground Pool
  • Reverse Cycle Aircon
  • Toilets: 2

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Districts

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

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