Districts
SuburbsBlogSearch
Sign inGet started
Districts
SuburbsBlogSearch
Sign inGet started

QLD › Gailes › Old Logan Rd

U53, 40 Old Logan Rd, Gailes QLD 4300

For saleUnit

$649,000

For sale

Asking

3

Bedrooms

2

Bathrooms

1

Car spaces

134 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $649,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $649,000(Listing record · 15 July 2026)
  • CalculationAsk is 17% below the Gailes median recorded sale ($780,000, n=9, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Gailes's advertised median rent ($539/wk), implied gross yield would be 4.32% — 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

$649,000

Asking · $4,843/m² of land

No recorded sale for this property.

Gailes at a glance

1,942

People

$780,000

Median sale

$539/wk

Median rent

3.59%

Suburb gross yield

Median sale from 9 recorded sales (last 12 months) — a Districts calculation.

See the full Gailes report →

Vs Gailes

-16.8%

Median sale

Suburb $780,000

+0.73 pp

Gross yield

Suburb 3.59%

Suburb median $780,000 from 9 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$649,000
Stamp Duty (Queensland)
$22,230
Transfer/Registration Fee
$2,436
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
$677,366

$28,366 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 Gailes's advertised median rent — not a rent for this listing.

Net yield
2.82%
Annual cashflow (pre-tax)
$-15,455
Interest cover (DSCR)
0.54
Annual rent
$28,028
Operating expenses
$9,735
Loan amount
$519,200
Annual interest
$33,748
Gross yield
4.32%

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$649,000available15 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 $539/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 4.3%. 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

Gailes in one glance

Gailes at a glance

1,942

People

$780,000

Median sale

$539/wk

Median rent

3.59%

Suburb gross yield

Median sale from 9 recorded sales (last 12 months) — a Districts calculation.

See the full Gailes report →

Keep researching

  • Why Gailes? Read the area thesis →
  • What else is on the market in Gailes →
  • Other records on Old Logan Rd →

Listing material

Listed by TEAM Estate Agents

NEW PRICE | READY TO BE MOVED IN SEPTEMBER

Outstanding Buying in Today's Market!

Welcome to 53/40 Old Logan Road, Gailes – a well-presented, low-maintenance townhouse offering comfort, convenience, and exceptional value. Perfectly suited to first home buyers, downsizers, and savvy investors, this is an outstanding opportunity to secure a quality home in a convenient and well-connected location.

Designed for easy living, the home features a functional two-level floor plan with open-plan living, a private courtyard, and well-sized bedrooms. Positioned close to schools, shopping centres, public transport, and major motorways, this home delivers the ideal combination of lifestyle and investment appeal.

Read the full description

Floor Plan Overview

Ground Floor:

• Open-plan living and dining area

• Functional kitchen with ample bench space and storage

• Seamless connection to the private outdoor courtyard

• Separate laundry

• Powder room

• Internal access from the single lock-up garage

Upstairs:

• Spacious master bedroom with built-in robe

• Two additional bedrooms with built-in robes

• Central family bathroom

• Air-conditioned accommodation

• Practical layout ideal for families or tenants

Residence Features

• Year built: 2018

• Bedrooms: 3

• Bathrooms: 2.5

• Single lock-up garage

• Open-plan living and dining

• Private low-maintenance courtyard

• Air-conditioning

• Built-in wardrobes

• Security screens throughout

• Low-maintenance lifestyle

• Positioned within a well-maintained complex

Property Highlights

• Ideal first home, downsizer, or investment opportunity

• Functional layout designed for everyday living

• Excellent natural light throughout

• Private outdoor entertaining area

• Low-maintenance living with minimal upkeep

• Secure complex environment

• Strong rental appeal

• Convenient location with excellent connectivity

Key Details

• Bedrooms: 3

• Bathrooms: 2.5

• Garage: Single lock-up garage

• Outdoor entertaining courtyard

• Low-maintenance townhouse

• Well-maintained complex

Investment & Outgoings

Current Lease: $540 p/w | 14/02/2026 - 14/08/26

Rental appraisal : $650-$700 per week

Body Corporate amount : $961

Council rates : $638 quarterly

Tenants would like to extend the lease if it was sold to an investor.

Location Benefits

Shopping & Convenience:

• Woolworths Goodna

• Redbank Plaza

• Orion Springfield Central

• Costco Bundamba

• Local cafés, restaurants and everyday amenities nearby

• Supermarket/bakery/pharmacist and post office across the road

Schools:

• Goodna State School

• Camira State School

• Woodcrest State College

• Bellbird Park State Secondary College

• St Ives School

• University of Southern Queensland (Springfield Campus)

Parks & Recreation:

• Gailes Golf Club

• Goodna Aquatic Centre

• Camira Recreation Park

• White Rock Conservation Park

• Local parks, playgrounds and walking trails

• Lagoon & Robelle domain parkland located nearby

Transport & Connectivity:

• Walking distance to Gailes Train Station

• Easy access to Ipswich Motorway and Logan Motorway

• Approximately 25 minutes to Brisbane CBD

• Approximately 20 minutes to Ipswich CBD

• Convenient access to Springfield Central

To arrange a private viewing, please contact Johnny Nguyen today.

Disclaimer:

The information provided has been prepared with care; however, all interested parties are advised to conduct their own independent investigations to verify the accuracy of the details contained herein.

This property has been virtually staged to showcase its full potential, helping buyers visualise how each space can be furnished and how the floor plan can be utilised.

Listing description written by Johnny Nguyen, TEAM Estate Agents — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Built-in Robes
  • Courtyard
  • Outdoor Entertaining
  • Secure Parking
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.