Districts
SuburbsBlogSearch
|My DistrictsMy AreasSavedAlerts
Sign inGet started
Districts
SuburbsBlogSearch
|My DistrictsMy AreasSavedAlerts
Sign inGet started

QLD › Merrimac › Lakelands Dr

ULevel 8, 181/135 Lakelands Dr, Merrimac QLD 4226

For saleApartment

$1,499,000

For sale

Asking

3

Bedrooms

2

Bathrooms

2

Car spaces

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $1,499,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $1,499,000(Listing record · 5 June 2026)
  • CalculationAsk is 8% above the Merrimac median recorded sale ($1,388,000, n=10, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Merrimac's advertised median rent ($825/wk), implied gross yield would be 2.86% — 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

$1,499,000

Asking

No recorded sale for this property.

Merrimac at a glance

7,423

People

$1,388,000

Median sale

$825/wk

Median rent

3.09%

Suburb gross yield

Median sale from 10 recorded sales (last 12 months) — a Districts calculation.

See the full Merrimac report →

Vs Merrimac

+8.0%

Median sale

Suburb $1,388,000

-0.23 pp

Gross yield

Suburb 3.09%

Suburb median $1,388,000 from 10 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$1,499,000
Stamp Duty (Queensland)
$66,718
Transfer/Registration Fee
$6,394
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
$1,575,812

$76,812 on top of the price (5.1% 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 Merrimac's advertised median rent — not a rent for this listing.

Net yield
1.36%
Annual cashflow (pre-tax)
$-57,533
Interest cover (DSCR)
0.26
Annual rent
$42,900
Operating expenses
$22,485
Loan amount
$1,199,200
Annual interest
$77,948
Gross yield
2.86%

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$1,499,000available5 June 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 $825/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 2.9%. 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

Merrimac in one glance

Merrimac at a glance

7,423

People

$1,388,000

Median sale

$825/wk

Median rent

3.09%

Suburb gross yield

Median sale from 10 recorded sales (last 12 months) — a Districts calculation.

See the full Merrimac report →

Keep researching

  • Why Merrimac? Read the area thesis →
  • What else is on the market in Merrimac →
  • Other records on Lakelands Dr →

Listing material

Listed by Coupers Real Estate

Desirable Waterfront at Lakelands, North East Facing Corner Apartment

Live where luxury meets lifestyle on one of Australia's most iconic fairways.

Owners have moved on and the property is priced to sell.

Lakelands - the nation's only Jack Nicklaus Signature Golf Course - sits right here on the Gold Coast - your new eight floor apartment offers you the rare chance to call this world-class destination "Home".

Read the full description

Incredible north eastern aspect on the 8th floor, breathtaking skyline views of Surfers Paradise and Broadbeach. The sweeping views of this exceptional apartment define prestige living.

The manicured beauty of Lakelands Golf Course unfolds beneath you. Your expansive balcony also captures wide, shimmering, stunning lake views that stretch all the way to the coastal skyline.

Elevated on the 8th floor, enough to appreciate the grandeur, yet close enough to stay connected to the vibrant scene below - this is a home that strikes the perfect balance.

Imagine your morning coffee watching the sunrise or chardonnay of an evening gazing at the lights of the Surfers and Broadbeach skylines. In your new tranquil, secure home, you will enjoy:

- 3 spacious bedrooms

- 2 beautifully appointed bathrooms

- Generous open-plan living and dining space

- Fully air-conditioned

- Storage a plenty, there has been extra storage in the apartment built in.

- 2 car spaces side by side

- large exclusive storage cage in the carpark

- Modern, well-equipped kitchen Large entertainer's balcony framing unmatched water and golf views.

Life at Signature Waterfront Apartments means resort-style amenities at your doorstep. Residents have access to a secure marina, a large inground lap pool, an undercover barbecue area and a fully equipped gymnasium.

Two side-by-side car parks and an allocated storage cage complete the convenience within the secure basement garage.

Adding to the exclusivity, the Lakelands Golf Estate becomes a fully gated community each evening, ensuring privacy and peace once the final golfer leaves the course. Apartment 181 is more than a home - it's a lifestyle reserved for the fortunate few. Experience unparalleled Gold Coast golf-front living. We look forward to assisting your enquiry today.

Disclaimer: We have, in preparing this information, used our best endeavours to ensure that the information contained herein is true and accurate; however, we accept no responsibility and disclaim all liability for any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.

Contact the Exclusive agent Dean Couper

Listing description written by Dean Couper, Coupers Real Estate — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Built-in Robes
  • Ensuites: 1
  • Intercom
  • Living Areas: 1
  • Pet-Friendly
  • Toilets: 2

Also look at

Also for sale in Merrimac

  • U127, 6-10 Bourton Rd, Merrimac QLD 4226

    3-bed townhouse. Asking $949K.

    For sale
  • U6, 41 Macadie Way, Merrimac QLD 4226

    4-bed townhouse. Asking $999K.

    For sale
  • U48, 8 Gooding Dr, Merrimac QLD 4226

    2-bed villa. Currently listed.

    For sale
  • 12 Murrayfield Pl, Merrimac QLD 4226

    5-bed house for sale. Currently listed.

    For sale
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.