Russell Island at a glance
5,468
People
$187,500
Median sale
$464/wk
Median rent
12.87%
Suburb gross yield
Median sale from 86 recorded sales (last 12 months) — a Districts calculation.
QLD › Russell Island › Paringa Dr
$50,000
For sale
Asking
0
Bedrooms
0
Bathrooms
0
Car spaces
539 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
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
Asking
$50,000
Asking · $93/m² of land
No recorded sale for this property.
Russell Island at a glance
5,468
People
$187,500
Median sale
$464/wk
Median rent
12.87%
Suburb gross yield
Median sale from 86 recorded sales (last 12 months) — a Districts calculation.
Vs Russell Island
-73.3%
Median sale
Suburb $187,500
+35.39 pp
Gross yield
Suburb 12.87%
Suburb median $187,500 from 86 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
$4,623 on top of the price (9.2% extra)
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.
Pre-filled with Russell Island's advertised median rent — not a rent for this listing.
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.
Planning
Planning data is being calculated
Data unavailable
Source
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 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 exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
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
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
QLDPlanning 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.
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
No advertised rent is recorded. Suburb median rent $464/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms. No recorded off-street parking — often a discount versus the suburb median for the same beds.
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.
Gross yield if leased at the suburb aggregate is 48.3%. 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
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.”
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
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
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownNearby development applications are not loaded. This lot’s own applications are a separate question.
Honest achievable rent
KnownlowThis 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
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
Russell Island at a glance
5,468
People
$187,500
Median sale
$464/wk
Median rent
12.87%
Suburb gross yield
Median sale from 86 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Redlands Coast RealtyNot every block is for everyone... and 1 Paringa Drive is certainly one of the more unusual opportunities on Russell Island. If you're looking for an easy, level block to build on, this probably isn't it. But if you enjoy solving problems and are prepared to take on a challenging site, this could be the project you've been searching for.
This 539m² allotment is zoned Character Residential, however buyers should be aware that it is a highly constrained site. There is currently no formed road or vehicle access, with Purlit Parade existing as a stormwater drainage reserve rather than a constructed road. Town water and electricity are not available to the property, making an off-grid approach something buyers may wish to investigate. The land is also very steep, so any future development is likely to require engineering, specialised foundations and careful design.
For these reasons, all interested buyers are strongly encouraged to undertake their own investigations with Redland City Council, a building designer or builder, and any other relevant professionals to satisfy themselves as to the property's suitability for their intended use. Information regarding building on the Southern Moreton Bay Islands can be found on Redland City Council's website.
The asking price reflects the unique challenges of this property—it's priced accordingly and represents an opportunity for the right buyer who understands exactly what they're purchasing.
Serious enquiries only, please.
Contact Kat Gawlik from Redlands Coast Realty on 0497 887 953 to arrange an inspection.
Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained here is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or mis-statements contained in this document. Prospective purchasers should make their own enquiries to verify the information contained here.
Property Code: 3466
Listing description written by Kat Gawlik, Redlands Coast Realty — reproduced as published, not verified by Districts.