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 › Reading St
$390,000
Last sold
6 Apr 2025
2
Bedrooms
1
Bathrooms
2
Car spaces
582 m²
Land
109 m²
Building
Districts View
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
Last sold
$390,000
6 Apr 2025 · derived via latest_sale
Local land rate: recorded House sales in Russell Island (last 5 years) with land size have a median of $840/m² of land (n=48). Districts calculation from recorded sales — not a valuation.
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
+108.0%
Median sale
Suburb $187,500
-6.68 pp
Gross yield
Suburb 12.87%
Suburb median $187,500 from 86 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning data unavailable for this jurisdiction (no_adapter:QLD)
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
QLDZoning is not available (no_adapter). 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 (no_adapter). 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.
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.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. 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
UnknownZoning is not available (no_adapter).
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 (no_adapter). 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
UnknownNo DA adapter returned applications 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 Property Centre SMBI RUSSELL ISLANDEmbrace the charm of island living at 11 Reading Street, where tranquillity and convenience meet in this delightful cottage home surrounded by established garden and lush fruit trees. Just an 11-minute walk to the ferry terminal—and even less if you take the shortcut! This hidden gem offers the perfect balance of serene living with easy access to local amenities.
Key Features:
• 2 Bedrooms, 1 Bathroom with an open-plan layout, offering comfort and ease of living.
• Solar and battery ensuring that electric bills are a thing of the past.
• Established gardens providing a peaceful and private sanctuary, perfect for gardening enthusiasts.
• Fully fenced for added security and privacy.
• NBN Available
• Ramps at both the front and rear of the house for easy access, making this property ideal for all.
• Air con, under sink water filter, new oven
• Drive-through carport leads to a one-car lock-up garage, offering flexible space for parking, a studio, or a workshop. The possibilities are endless!
Prime Location:
• Short walk to IGA, making grocery runs a breeze.
• Easy access to the ferry terminal, ideal for those who commute or want to explore the surrounding areas.
Don't miss out on this fantastic opportunity to own a property with loads of potential and a fantastic location. Whether you're looking for a peaceful retreat or a place to unlock endless possibilities, this is it!
Contact us today for more information or to arrange an inspection.
The Location
To Passenger ferry and vehicle barge: 3 min (750m)
To Village shopping: 2 min (450m)
To Bay Islands Aquatic Centre: 1 min (550m)
To Primary School: 1 min (700m)
To Russell Island RSL: 2 min (1.1km)
To Russell Island Bowls Club: 4 min (2.3km)
To Jock Kennedy Boat Ramp: 3 min (1 km)
To Russell Island Boat Ramp (Wahine Drive): 8 min (5.3km)
To Sandy Beach Recreational Reserve: 11 min (7.8km)
Discover Life on Russell Island
Nestled on the edge of Redland Bay, Queensland, Russell Island is the largest of the Southern Moreton Bay Islands, covering 8 kilometres in length and nearly 3 kilometres in width. Located between North Stradbroke Island and the mainland, this peaceful island offers a harmonious blend of natural beauty, rich history, and a vibrant community.
Russell Island (also known as Canaipa) is home to a variety of evocatively named landmarks, including the tranquil Kinbbinkibbinwa Point, the serene Ooncooncoo Bay, and the lush Whistling Kite Wetlands. The island's fascinating past includes its original Indigenous inhabitants, followed by lime burners, timber getters, oystermen, and early settlers who farmed sugar, fruit, and cotton. Today, the island retains a relaxed, village atmosphere, with modern conveniences and facilities catering to a laid-back lifestyle.
Island Life at Your Doorstep
Russell Island boasts a range of amenities to make everyday life easy and enjoyable. The local shopping centre includes a Supa IGA, post office, hairdresser, and more. You'll also find essential services such as a police station, ambulance centre, and medical centre, along with a pharmacy and pathology collection centre. The island is well-equipped for families with a primary school, childcare centre, and public swimming pool.
For recreation, residents and visitors enjoy the Russell Island RSL & Bowls Club, a hardware store, petrol station, vet, pet store, and several excellent cafes. Whether you're grabbing a coffee, picking up groceries, or enjoying a meal, everything you need is just around the corner.
A Creative Haven
Russell Island is also a thriving hub for artists, musicians, and creatives of all kinds. With its tranquil surroundings and breathtaking landscapes, the island has long attracted a diverse and passionate creative community. The island's unique natural beauty and relaxed pace of life provide the perfect backdrop for artists to find inspiration, with many calling it their home.
Throughout the year, Russell Island hosts monthly markets, a number of art walks, exhibitions, and cultural events, where local artists showcase their works. The island also features a range of galleries and pop-up art shows, offering a platform for emerging talent. If you enjoy discovering local art, you'll find plenty of opportunities to connect with artists and immerse yourself in the island's vibrant creative scene.
Musicians often gather for informal performances, jam sessions, and community concerts, adding to the island's lively and artistic atmosphere. For those with a creative spirit, Russell Island is a place where you can both live and create in a truly inspiring environment.
The Great Outdoors
The waters surrounding the Southern Moreton Bay Islands are a paradise for boating enthusiasts, kayakers, and fishermen. The island's coastline is famous for its stunning sunrises and sunsets, best enjoyed from one of the many parks or walking trails. If you're keen on outdoor activities, there are plenty of opportunities for cycling, hiking, and swimming.
According to WeekendNotes.com, Russell Island ranks #4 in Brisbane's best spots for kayaking, making it a must-visit for water sports lovers. For a more relaxed day, you can explore the island's natural beauty and enjoy the peace of island living.
Important Disclaimer: All information contained herein is gathered from sources we consider reliable. However, we cannot guarantee or provide warranties regarding its accuracy. Interested parties must make their own inquiries.
Listing description written by Judy Clark, Property Centre SMBI RUSSELL ISLAND — reproduced as published, not verified by Districts.