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81 Koorong Street, The Gap QLD, Australia

Data last updated: 06 Jun 2025

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$900,000 - $1,070,000

Current Market Valuation

Estimated market value: $900,000 - $1,070,000

Notes: Estimated property values vary across sources: Realestate.com.au indicates a value decrease of 0.8% in the last month but an increase of 9.1% since its last sale in 2024. Property.com.au estimates the value at $935,000. Domain estimates it around $940,000, with a range from $810,000 to $1.07 million. RateMyAgent suggests an estimated median property value of $1.23 million based on comparable 3-bedroom houses. Property Value site estimates it between $900,000 and $1,000,000.

Purchase History

July 4, 2024 - $850,000 [3, 4, 5, 19]

Property Details

Type:

House [3, 4, 5, 6, 7]

Bedrooms:

3

Bathrooms:

1

Land (sqm):

529

Car/Garage:

2 (Double carport) [3, 4, 5, 6, 7]

Estimated weekly rent:

$650 - $725 per week

The estimated rental income for 81 Koorong Street is $650 based on available property data, with a high confidence range up to $725. The property's estimated rental yield is 3.6%, which is higher than The Gap's average rental yield of 3.2%. The median rent for houses in The Gap is $775 per week.

Rental vacancy rate:

2.4% for rental houses in The Gap

Council rate:

$160/month (approx.)

Water rate:

To be confirmed

Strata fee:

Not applicable (House)

Home and content insurance price:

Not available

Zoning Information

LGA:

Brisbane City Council

Zoning:

Low Density Residential (typical for family homes in The Gap)

Bushfire:

Detected

Flood:

Not detected

Heritage:

Not detected

Potential Developments in the Area

State Government:

Local Government:

Brisbane City Council developed 'The Gap Neighbourhood Plan' to guide future developments, land use, and infrastructure.

The plan aims to revitalize The Gap Village shopping centre and improve pedestrian environments.

Proposed zone changes may include rezoning from emerging community to low-density residential in some areas.

Community feedback highlighted the need for improved bicycle ways, footpaths, appropriate development densities, better public transport, and traffic flow.

Past local opposition has led to a freeze on townhouse/unit developments in some low residential areas.

Location 81 Koorong Street, The Gap QLD, Australia

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What's Nearby

Education

Payne Road State School (0.3km)

The Gap State High School (0.75km)

The Gap State School (1.14km)

St Peter Chanel Primary School (1.43km)

Hilder Road State School (2.15km)

Mater Dei Catholic Primary School (2.25km)

Marist College Ashgrove (3.04km)

Stuartholme School (2.95km)

Health & Medical

Westside Private Hospital (0km)

Mater Hospital Brisbane (0km)

Transportation

Waterworks Rd at Payne Road, Stop 31 - Bus (approx. 2-8 min walk)

Multiple bus routes (381, 385, 362, 380, 382, 383, P384, N385) connect The Gap to the Brisbane City via express services (e.g., 385 takes approx. 23-24 min to Queen Street station). - Bus

Suburb Performance

Median Price History

The Gap property market has demonstrated strong growth for houses. The market is generally considered 'Healthy' with a vacancy rate less than the state average.

May 2024 - May 2025 | $1,352,000

Last 12 months (up to Feb 2025) | $1,325,000

12-Month Growth Insight

Approximately 15.2% - 15.6% growth for houses over the last 12 months in The Gap.

The specific property at 81 Koorong Street has seen an increase of 9.1% since it last sold in 2024.