7 Lookout Road, Paluma, QLD 4816 | Property Value & History | OnTheHouse
 
OFF MARKET

7 Lookout Road
Paluma QLD 4816

Bedrooms: 6
Bathrooms: 2
Car spaces: 8
Land area: 2404m2
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Property Details for 7 Lookout Rd, Paluma

Building Type
Commercial
Land Size
2404m2
Local Government
Townsville City
Lot/Plan
1/SP271036

Last Listing description (September 2021)

Set in the Paluma Village is this former restaurant known as the Paluma Dreaming. Not been operating in recent years, but had had a new $40,000 sewerage treatment installed.

The block size is 2024 sqm and is being sold "as is" at a sale price that includes GST for those that are thinking along the lines of re-opening a commercial venture.


The current owner had plans to gut each of the rooms and install ensuites, but at this stage, has only started two.

For all inspections, please contact Leah James on 0407 579 338 at Elders Real Estate.

Paluma is a 1.15 hour drive north of Townsville elevated on Mt. Spec (approx. 70 North of Townsville) with other locations eg Little Crystal Creek, Hidden Valley, Running River, Lower Crystal Creek in the Mutarnee area

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Property History for 7 Lookout Rd, Paluma, QLD 4816

A timeline of how this property has performed in the market
Last Sold
$260,000
29 Jul 2021
  • 29 Jul 2021
    Sold for $260,000
  • 14 Jun 2019
    Listed for Sale $290,000
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About Paluma 4816

The size of Paluma is approximately 2296.1 square kilometres. It has 4 parks covering nearly 33.9% of total area. The population of Paluma in 2016 was 68 people. By 2021 the population was 87 showing a population growth of 27.9% in the area during that time. The predominant age group in Paluma is 60-69 years. Households in Paluma are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Paluma work in a managers occupation.In 2021, 96.90% of the homes in Paluma were owner-occupied compared with 74.10% in 2016.

Paluma has 171 properties. Over the last 5 years, Houses in Paluma have seen a 61.23% increase in median value, while Units have seen a 60.24% increase. As at 28 February 2026:

  • The median value for Houses in Paluma is $336,680 while the median value for Units is $727,198.
There are currently 2 properties listed for sale, and no properties listed for rent in Paluma on OnTheHouse. According to Cotality's data, 7 properties were sold in the past 12 months in Paluma.

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