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.
July 4, 2024 - $850,000 [3, 4, 5, 19]
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
LGA:
Brisbane City Council
Zoning:
Low Density Residential (typical for family homes in The Gap)
Bushfire:
Detected
Flood:
Not detected
Heritage:
Not detected
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.
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
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
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.