All About Russell Island, Redland, QLD, 4184

Russell Island, situated in the picturesque Moreton Bay of Queensland, offers a unique housing market characterized by its affordability and appeal to those seeking a tranquil lifestyle. The housing market on Russell Island has garnered attention for its relatively low property prices compared to the mainland, making it an attractive option for first-time homebuyers, retirees, or anyone looking for a more budget-friendly real estate investment. The island's real estate predominantly consists of residential homes, with a mix of newly constructed houses and older, established properties. The availability of vacant land provides opportunities for buyers interested in custom-building their homes, thereby adding diversity to the housing options. The steady demand for properties on the island reflects its growing popularity, spurred by its proximity to Brisbane and the Gold Coast, alongside its tranquil and scenic environment.

Living on Russell Island is defined by a serene, small-town vibe with a strong sense of community. Residents enjoy a slower pace of life, away from the hustle and bustle of city living, and are surrounded by natural beauty, including lush greenery and stunning water views. The island offers a variety of recreational activities such as boating, fishing, and hiking, allowing residents to make the most of their scenic surroundings. Community events and local markets are a staple, fostering a tight-knit community atmosphere. While the island provides essential amenities, including a primary school, shopping center, and medical facilities, residents often travel to nearby mainland areas for a wider range of services and employment opportunities. Despite the occasional challenges of island living, such as reliance on ferry transportation, many residents find the tranquil lifestyle and close community ties to be a rewarding trade-off.

Russell Island Real Estate Market Outlook

Thinking about buying in Russell Island? Now could not be a better time, with 12093 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $185,000 with prices in this suburb ranging from $15,000 to $4,883,000. Russell Island is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices

In Russell Island there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Russell Island is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. The slightly lower than average earnings from occupations in Russell Island changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Medium density in Russell Island necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.

Instant Property Valuation

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Public Transport

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General Points of Interest

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