South Townsville at a glance
2,596
People
$770,000
Median sale
$502/wk
Median rent
3.39%
Suburb gross yield
Median sale from 17 recorded sales (last 12 months) — a Districts calculation.
QLD › South Townsville › Palmer St
$430,000
For sale
Asking
2
Bedrooms
2
Bathrooms
1
Car spaces
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
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
Asking
$430,000
Asking
No recorded sale for this property.
South Townsville at a glance
2,596
People
$770,000
Median sale
$502/wk
Median rent
3.39%
Suburb gross yield
Median sale from 17 recorded sales (last 12 months) — a Districts calculation.
Vs South Townsville
-44.2%
Median sale
Suburb $770,000
+2.68 pp
Gross yield
Suburb 3.39%
Suburb median $770,000 from 17 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
$18,587 on top of the price (4.3% extra)
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.
Pre-filled with South Townsville's advertised median rent — not a rent for this listing.
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.
Planning
Planning data is being calculated
Data unavailable
Source
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 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 exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
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
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
QLDPlanning 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.
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
No advertised rent is recorded. Suburb median rent $502/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
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.
Gross yield if leased at the suburb aggregate is 6.1%. 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
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.”
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
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
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownNearby development applications are not loaded. This lot’s own applications are a separate question.
Honest achievable rent
KnownlowThis 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
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
South Townsville at a glance
2,596
People
$770,000
Median sale
$502/wk
Median rent
3.39%
Suburb gross yield
Median sale from 17 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Lynham & Co. SalesPositioned on the top floor and occupying a prized end position within the highly regarded Palmer Street Village complex, this exceptional dual-key apartment presents a rare opportunity to secure both an enviable waterfront lifestyle and a strong investment in one of Townsville's most sought-after precincts.
Enjoying elevated marina views, abundant natural light and excellent privacy, the property is uniquely configured as two self-contained accommodation suites connected via a shared private foyer. This versatile design offers flexibility rarely found in the market while providing immediate income security.
Adding further appeal, the property is currently leased through Park Regis until 31 December 2028, returning $3,000 per month, providing investors with secure income from day one and long-term peace of mind.
The primary apartment features spacious open-plan living and dining areas, a modern kitchen with stone benchtops, generous bedroom with ensuite, and a covered balcony capturing picturesque views across the marina, river and city skyline. The second apartment offers a spacious studio-style layout complete with its own bathroom and accommodation facilities, creating a highly desirable dual-key investment opportunity.
Located within the heart of the renowned Palmer Street dining precinct, residents and guests enjoy immediate access to award-winning restaurants, cafes, entertainment venues, the CBD, Queensland Country Bank Stadium, the Strand and the Magnetic Island ferry terminal.
Whether you're seeking a high-performing investment, a future city residence, or a property offering exceptional flexibility, opportunities such as this are increasingly difficult to secure.
THE PROPERTY
Apartment One
- Spacious one-bedroom apartment positioned to capture marina, river and city views
- Generous open-plan living and dining area filled with natural light
- Well-appointed kitchen featuring stone benchtops, breakfast bar and ample storage
- Large master bedroom with built-in wardrobe and private ensuite
- Air-conditioning throughout for year-round comfort
- Covered balcony offering picturesque waterfront and marina outlooks
- Elevated top-floor position enhancing privacy, natural light and cooling breezes
Apartment Two
- Fully self-contained studio-style apartment with private entry via the shared foyer
- Spacious open-plan bedroom and living zone
- Modern bathroom with quality fixtures and fittings
- Air-conditioned throughout
- Excellent natural light and comfortable accommodation
- Ideal for short-term accommodation, permanent leasing or guest use
- Independently functional while remaining connected under the one title
Additional Features
- Rare dual-key configuration providing two income streams from a single title
- Positioned on the top floor and end of the building for enhanced privacy and minimal neighbour interaction
- Secure complex with lift access and professional onsite management
- Secure car accommodation
- Resort-style facilities including swimming pool and guest amenities
- Fully furnished and equipped accommodation (subject to inclusions)
- Currently leased to Park Regis until 31 December 2028
- Returning $3,000 per month with secure long-term income in place
- Flexible future options including continued investment, owner occupation of one side, or dual occupancy arrangements (subject to lease conditions)
- Outstanding low-maintenance investment opportunity in a tightly held waterfront precinct
- Prime position within the highly sought-after Palmer Street dining, entertainment and marina precinct
- Exceptional combination of lifestyle appeal, income security and long-term investment potential
OUTGOINGS
- Rates: Approx. $4,183.26 per annum
- Body Corporates: Approx. $17,119.40 per annum
THE LOCATION
- Positioned within Townsville's premier waterfront lifestyle precinct
- Located in the heart of the renowned Palmer Street dining and entertainment district
- Surrounded by award-winning restaurants, boutique cafes, bars, and vibrant alfresco dining venues
- Overlooking the marina with picturesque waterfront promenades and walking paths at your doorstep
- Easy stroll to the CBD, Government offices, and major employment hubs
- Minutes to Queensland Country Bank Stadium for major sporting and entertainment events
- Short drive to The Strand, Castle Hill walking trails, and Townsville's iconic waterfront attractions
- Convenient access to the Magnetic Island Ferry Terminal for weekend escapes
- Close to public transport, medical facilities, shopping, and everyday conveniences
- Approximately 10 minutes to Townsville Airport
- Highly sought-after location combining strong tourism demand, lifestyle appeal, and long-term investment potential
- One of Townsville's most tightly held apartment precincts, favoured by both visitors and permanent residents alike
Listing description written by Nathan Lynham, Lynham & Co. Sales — reproduced as published, not verified by Districts.
Also look at
U902, 69 Palmer St, South Townsville QLD 4810
3-bed apartment. Asking $1.5M.
U25, 30-34 Palmer St, South Townsville QLD 4810
2-bed apartment. Asking $399K.
U3, 30-34 Palmer St, South Townsville QLD 4810
2-bed house. Asking $595K.
21 Bell St, South Townsville QLD 4810
8-bed block of units for sale. Asking $1.55M.