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QLD › Rockhampton City › Victoria Pde

U301, 2 Victoria Pde, Rockhampton City QLD 4700

For saleUnit

$679,000

For sale

Asking

2

Bedrooms

2

Bathrooms

1

Car spaces

128 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $679,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $679,000(Listing record · 27 May 2026)
  • FactLand 128 m²; no building size recorded.(Property record)
  • CalculationAsk is 61% above the Rockhampton City median recorded sale ($421,000, n=32, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Rockhampton City's advertised median rent ($466/wk), implied gross yield would be 3.57% — 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

$679,000

Asking · $5,305/m² of land

No recorded sale for this property.

Rockhampton City at a glance

2,056

People

$421,000

Median sale

$466/wk

Median rent

5.76%

Suburb gross yield

Median sale from 32 recorded sales (last 12 months) — a Districts calculation.

See the full Rockhampton City report →

Vs Rockhampton City

+61.3%

Median sale

Suburb $421,000

-2.19 pp

Gross yield

Suburb 5.76%

Suburb median $421,000 from 32 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$679,000
Stamp Duty (Queensland)
$23,580
Transfer/Registration Fee
$2,576
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
$708,856

$29,856 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 Rockhampton City's advertised median rent — not a rent for this listing.

Net yield
2.07%
Annual cashflow (pre-tax)
$-21,261
Interest cover (DSCR)
0.40
Annual rent
$24,232
Operating expenses
$10,185
Loan amount
$543,200
Annual interest
$35,308
Gross yield
3.57%

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$679,000available27 May 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 $466/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 3.6%. 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

Rockhampton City in one glance

Rockhampton City at a glance

2,056

People

$421,000

Median sale

$466/wk

Median rent

5.76%

Suburb gross yield

Median sale from 32 recorded sales (last 12 months) — a Districts calculation.

See the full Rockhampton City report →

Keep researching

  • Why Rockhampton City? Read the area thesis →
  • What else is on the market in Rockhampton City →
  • Other records on Victoria Pde →

Listing material

Listed by Elite Real Estate Rockhampton

INVEST IN STRONG RETURNS. HOLD A PRIME POSITION.

An exceptional opportunity to secure a quality investment in one of Rockhampton's most tightly held apartment complexes, this stylish third-floor apartment combines blue-chip positioning with immediate income and long-term appeal.

With the current tenancy secured at $800 per week from September 2026, investors can enjoy a strong rental return from settlement, backed by the enduring appeal of Southbank's vibrant riverside lifestyle and central location.

Positioned within the impeccably maintained Southbank Highrise complex, the apartment offers two generous bedrooms and two bathrooms, creating a versatile floor plan that continues to attract quality tenants. The master suite enjoys its own private balcony, ensuite and elevated views across the Southside pool and Rockhampton city skyline, while the second bedroom and main bathroom provide excellent separation, ideal for professionals, couples or shared accommodation.

Read the full description

At the centre of the apartment, the spacious open plan living and dining area is bathed in natural light and flows seamlessly to the balcony. A contemporary kitchen with quality appliances complements the functional layout, while floor-to-ceiling noise-reducing glass doors provide a peaceful retreat from the surrounding city atmosphere.

Location continues to be one of this property's greatest assets. Residents enjoy secure undercover parking, lift access, resort-style facilities and the convenience of being just moments from the riverfront, cafés, restaurants, hospitals and the Rockhampton CBD. These are the lifestyle features that consistently underpin strong tenant demand and long-term investment performance.

Whether you're looking to strengthen your portfolio with a high-quality, low-maintenance asset or secure an apartment in a location where demand remains consistently high, this is an investment that delivers both immediate income and enduring appeal.

Key Investment Figures:

Body Corporate Administration Fees: $674.00 per quarter

Sinking Fund: $425.00 per quarter

Current Rent: $700.00 per week

New Rent from 21/09/2026: $800.00 per week

Features You'll Love:

- Third-floor position in the immaculate Southbank Highrise complex

- Two spacious bedrooms, both with built-in wardrobes

- Master suite with ensuite and private balcony access

- Balcony overlooking the pool, Southside and city lights, and Iconic Rockhampton Train Bridge over the river

- Spacious open-plan lounge and dining area

- Modern kitchen and contemporary finishes throughout

- Floor-to-ceiling mirrored wardrobe doors

- Internal laundry with built-in linen cupboard

- Secure undercover car accommodation

- Well-maintained complex with swimming pool

- Additional street parking conveniently at the doorstep

- Prime location on the riverfront, dining and CBD conveniences

Whether you're looking to strengthen your portfolio with a high-quality, low-maintenance asset or secure an apartment in a location where demand remains consistently high, this is an investment that delivers both immediate income and enduring appeal. Contact Jessica or Elizabeth today for further information or to arrange your inspection.

Listing description written by Jessica Bennett, Elite Real Estate Rockhampton — reproduced as published, not verified by Districts.

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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.