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QLD › Greenbank › Andrew Rd

U69, 26 Andrew Rd, Greenbank QLD 4124

For saleRetirement

$509,000

For sale

Asking

2

Bedrooms

2

Bathrooms

1

Car spaces

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $509,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $509,000(Listing record · 10 Aug 2026)
  • CalculationAsk is 52% below the Greenbank median recorded sale ($1,063,000, n=125, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Greenbank's advertised median rent ($656/wk), implied gross yield would be 6.70% — 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

$509,000

Asking

No recorded sale for this property.

Greenbank at a glance

15,350

People

$1,063,000

Median sale

$656/wk

Median rent

3.21%

Suburb gross yield

Median sale from 125 recorded sales (last 12 months) — a Districts calculation.

See the full Greenbank report →

Vs Greenbank

-52.1%

Median sale

Suburb $1,063,000

+3.49 pp

Gross yield

Suburb 3.21%

Suburb median $1,063,000 from 125 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$509,000
Stamp Duty (Queensland)
$16,240
Transfer/Registration Fee
$1,785
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
$530,725

$21,725 on top of the price (4.3% 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 Greenbank's advertised median rent — not a rent for this listing.

Net yield
5.20%
Annual cashflow (pre-tax)
$9
Interest cover (DSCR)
1.00
Annual rent
$34,112
Operating expenses
$7,635
Loan amount
$407,200
Annual interest
$26,468
Gross yield
6.70%

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$509,000available10 Aug 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 $656/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 6.7%. 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

Greenbank in one glance

Greenbank at a glance

15,350

People

$1,063,000

Median sale

$656/wk

Median rent

3.21%

Suburb gross yield

Median sale from 125 recorded sales (last 12 months) — a Districts calculation.

See the full Greenbank report →

Keep researching

  • Why Greenbank? Read the area thesis →
  • What else is on the market in Greenbank →
  • Other records on Andrew Rd →

Listing material

Listed by Ray White AKG & Daisy Hill

This beautiful property has now been reduced but you need to be quick..

This property has now been reduced so here is your opportunity.. Located within "The Springs Community", we welcome you to Number 69, where a modern colour palette and spacious floor plan combine to create a home sure to impress. From the moment you arrive, you'll experience an immediate sense of space, comfort, and tranquillity. Thoughtfully designed for over-50s living, this generously sized, contemporary home is move-in ready and packed with features that make everyday living a pleasure. The current owner is relocating, presenting an exciting opportunity for you to step into a beautifully maintained, light-filled home that's ready to begin its next chapter. With numerous upgrades and extras already completed, this is a property that truly needs to be seen to be appreciated.

Inside, you'll find an expansive open plan living area with stunning cathedral ceilings, creating a bright and airy atmosphere. The separate dining room offers versatility and can easily be used as an additional TV room, sitting area, or study, making it perfect for both relaxed daily living and entertaining guests. The well-appointed kitchen features a pantry, gas cooktop, small dishwasher, built in water filtration and an abundance of cupboard space, ensuring you'll never have to compromise on preparing your favourite meals.

The home offers two generously sized bedrooms and two bathrooms, including a master suite complete with ensuite, built in wardrobe, split-system air conditioning, and ceiling fan. A separate internal laundry provides convenient access to the outdoors. Step outside to discover a spacious covered deck featuring pull down blinds, allowing you to enjoy the space year round in comfort, regardless of the weather. It's the perfect spot to catch the afternoon sun while relaxing with a cup of tea.

Read the full description

You certainly won't feel like you're downsizing in this charming home, which perfectly blends comfort and lifestyle within a vibrant community setting. The beautifully maintained gardens and low-maintenance rear garden is a tranquil oasis ready for you to enjoy your own private sanctuary. Complete with two garden sheds, a worm farm, and additional outdoor seating areas, there's plenty of space to enjoy gardening, nurture your favourite orchids and plants, or simply sit back and appreciate the peaceful surroundings. A sizeable carport completes the package, offering secure and convenient parking with a solar powered remote carport blind/door.

Features You'll Love:

Two spacious bedrooms, including a master suite with ensuite, air conditioning, and ceiling fan

Versatile dining room that can also be used as a study or second living space

Two well-appointed bathrooms

Expansive open-plan living with split system air conditioning

Large outdoor deck with pull-down blinds for year round enjoyment

Modern kitchen with gas cooktop, dishwasher, pantry, and ample storage

Separate internal laundry with outdoor access

Bamboo flooring throughout

Air conditioning and ceiling fans for year round comfort

Spacious carport with pull-down blinds

Two garden sheds

Site fees approximately $179 per week*

Water charged separately*

Individually metered electricity*

No entry or exit fees*

*Purchasers should verify all fees and charges.

Resort-Style Community Facilities

Residents of The Springs enjoy access to an impressive range of lifestyle and recreational facilities, including:

Community Hall available for functions and private gatherings

Outdoor swimming pool

Exercise classes

Billiards room

Large library and reading room

Lawn bowling green

Bowls clubhouse

Caravan storage

If this sounds like the lifestyle you've been searching for, contact Emma today to arrange your private inspection.

There's nothing left to do but move in and start enjoying the lifestyle you deserve. With generous living spaces, beautiful gardens, and modern comforts throughout, this is more than just retirement living, it's living at its finest. Located within the vibrant, pet-friendly The Springs Lifestyle Community, this beautiful home offers the perfect combination of comfort, convenience, and community. Homes like this don't last long, so don't miss your opportunity. Call Emma today to arrange your private inspection.

Please note: This is an over-50s lifestyle community and is pet-friendly.

Listing description written by Emma Walter, Ray White AKG & Daisy Hill — reproduced as published, not verified by Districts.

Property features

  • Ensuites: 1
  • Toilets: 2

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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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