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QLD › Raceview › Thornton St

U140, 85 Thornton St, Raceview QLD 4305

For saleTownhouse

$699,000

For sale

Asking

4

Bedrooms

2

Bathrooms

2

Car spaces

166 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $699,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $699,000(Listing record · 29 July 2026)
  • FactLand 166 m²; no building size recorded.(Property record)
  • CalculationAsk is 19% below the Raceview median recorded sale ($862,500, n=116, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Raceview's advertised median rent ($589/wk), implied gross yield would be 4.38% — 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

$699,000

Asking · $4,211/m² of land

No recorded sale for this property.

Raceview at a glance

10,782

People

$862,500

Median sale

$589/wk

Median rent

3.55%

Suburb gross yield

Median sale from 116 recorded sales (last 12 months) — a Districts calculation.

See the full Raceview report →

Vs Raceview

-19.0%

Median sale

Suburb $862,500

+0.83 pp

Gross yield

Suburb 3.55%

Suburb median $862,500 from 116 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$699,000
Stamp Duty (Queensland)
$24,480
Transfer/Registration Fee
$2,669
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
$729,849

$30,849 on top of the price (4.4% 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 Raceview's advertised median rent — not a rent for this listing.

Net yield
2.88%
Annual cashflow (pre-tax)
$-16,205
Interest cover (DSCR)
0.55
Annual rent
$30,628
Operating expenses
$10,485
Loan amount
$559,200
Annual interest
$36,348
Gross yield
4.38%

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$699,000available29 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 $589/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 4.4%. 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

Raceview in one glance

Raceview at a glance

10,782

People

$862,500

Median sale

$589/wk

Median rent

3.55%

Suburb gross yield

Median sale from 116 recorded sales (last 12 months) — a Districts calculation.

See the full Raceview report →

Keep researching

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

Listing material

Listed by LJ Hooker Property Partners | Sunnybank Hills

Gated Peace of Mind, 4 Bedrooms & Resort Facilities in Palm Views Estate

School bags land by the door, someone is already asking what's for dinner, and the back door is open before you've put the keys down. This is a home that takes a busy family in its stride. Four bedrooms, three toilets, air conditioning where you need it and ceiling fans everywhere else, all held inside the gated Palm Views Estate where the pool and the playground are mere steps from your front door.

Highlights:

• Four bedrooms upstairs, all with wardrobes, the main with a walk-through robe, ensuite and elevated rooftop outlook

Read the full description

• Full-depth kitchen with peninsula bench, wall oven, dishwasher and a window over the sink

• Fenced private courtyard with lawn, established gardens and a covered patio under its own ceiling fan

• Gated complex with a beach-entry pool, water feature, three barbecue shelters and a children's playground

• More than twenty security cameras across the estate, intercom entry, two split-system air conditioners and six ceiling fans

• Leased at $550 per week to 12 May 2027, increasing to $580 per week from November 2026

Well positioned within the secure Palm Views Estate, life behind the gate means privacy and peace of mind. No through traffic. No wondering who just walked past the front window. Twenty-plus cameras watch over the estate, an intercom means nobody reaches your door unannounced, and the kids can be sent out to the playground without you needing to stand at the fence.

Inside, this two-storey townhouse has a smart layout that absorbs a household without complaint. Something on the cooktop, the dishwasher working through the aftermath of last night, someone stretched out on the lounge while the split-system keeps a February afternoon at bay. Six ceiling fans move the air through the rest of the home, with two air conditioners ensuring year-round comfort, no matter the season.

The spacious kitchen anchors the rear of the house, larger than a townhouse kitchen has any right to be, with crisp white benchtops, timber-toned cabinetry running floor to ceiling around the fridge, a stainless-steel canopy rangehood, wall oven, and dishwasher.

Accommodation is what sets this apart from your typical townhouse. Most tap out at three bedrooms. Here, you get four, all with built-in robes, meaning enough space for everyone to have their own room to spread out. The master enjoys a private ensuite with a walk-through wardrobe for easy routines. Two linen cupboards swallow the towels and spare bedding that normally end up stacked in a corner while the family bathroom and the additional powder room downstairs keep the rush manageable.

Past your gate, the complex hands over a resort-style pool with a beach entry and cascading water feature, three sheltered barbecue areas, and a playground beside the lawn.

For investors, the groundwork is already done. The property is leased at $550 per week through to 12 May 2027, with a scheduled mid-term increase to $580 per week from November 2026. No vacancy to cover, no tenant search to run, just a return that steps up along the way.

The best thing about this pocket of Raceview is how much of it you can reach on foot. Childcare sits directly across the road, close enough that drop-off happens in slippers on a bad morning. Bethany Lutheran Primary School is a short walk further, and the bus stops nearby run to both primary and secondary schools. Inside the Raceview State School and Bremer State High School catchments, Ipswich Grammar School and St Mary's College close by if you are weighing up private options.

The grocer, bakery, takeaway shops, bottle shop, and medical centre are all a stroll rather than a drive. When the car is genuinely needed, the Cunningham Highway is roughly four minutes away, with multiple shopping centres a short drive away.

Spacious, low-maintenance and conveniently located, this townhouse is a ready-made addition to any portfolio, and a future family home for buyers happy to hold until the lease ends. Contact Vicky Sha today.

All information contained herein is gathered from sources we consider to be reliable. However, we cannot guarantee or give any warranty about the information provided and interested parties must rely on their own enquiries. Images and/or descriptions may have been digitally enhanced or altered for marketing purposes and may not accurately represent the current condition of the property.

Listing description written by Vicky Sha, LJ Hooker Property Partners | Sunnybank Hills — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Built-in Robes
  • Courtyard
  • Dishwasher
  • Intercom
  • In-Ground Pool
  • Remote Garage
  • Toilets: 3
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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.