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QLD › Russell Island › Borrows St

37 Borrows St, Russell Island QLD 4184

For saleHouse for Sale

$649,000

For sale

Asking

3

Bedrooms

2

Bathrooms

5

Car spaces

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $649,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $649,000(Listing record · 31 July 2026)
  • CalculationAsk is 246% above the Russell Island median recorded sale ($187,500, n=86, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Russell Island's advertised median rent ($464/wk), implied gross yield would be 3.72% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

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

The ask against the evidence

Asking

$649,000

Asking

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.

See the full Russell Island report →

Vs Russell Island

+246.1%

Median sale

Suburb $187,500

-9.15 pp

Gross yield

Suburb 12.87%

Suburb median $187,500 from 86 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$649,000
Stamp Duty (Queensland)
$22,230
Transfer/Registration Fee
$2,436
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$677,366

$28,366 on top of the price (4.4% extra)

  • Stamp Duty (Queensland)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

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.

Rental yield

Pre-filled with Russell Island's advertised median rent — not a rent for this listing.

Net yield
2.22%
Annual cashflow (pre-tax)
$-19,355
Interest cover (DSCR)
0.43
Annual rent
$24,128
Operating expenses
$9,735
Loan amount
$519,200
Annual interest
$33,748
Gross yield
3.72%

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.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

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

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, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

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

Property history

  1. Listed$649,000available31 July 2026

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

QLD

Why this lot, not just this suburb

Why could this property outperform?

Planning 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.

What could kill that thesis?

Confidence: low

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

Income, competition, and yield

What will it realistically rent for?

Confidence: low

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.

What competition will it face?

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.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 3.7%. 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

What this means for this property

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.”

Read more

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

What is known for this property

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

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Nearby development applications are not loaded. This lot’s own applications are a separate question.

  • Honest achievable rent

    Knownlow

    This 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

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Russell Island in one glance

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.

See the full Russell Island report →

Keep researching

  • Why Russell Island? Read the area thesis →
  • What else is on the market in Russell Island →
  • Other records on Borrows St →

Listing material

Listed by Island Life Property Sales & Rentals

Spacious, Stylish and Packed with Surprise

Spacious, Stylish and Packed with Surprises – 37 Borrows Street

This impressive family home ticks all the boxes, offering space, quality and practical features rarely found in an island build. From its attractive street presence and landscaped gardens to the thoughtfully designed interior, every detail has been carefully considered.

Positioned opposite lush conservation land filled with towering gums, palms and pines, the home enjoys a peaceful bushland outlook while remaining conveniently close to town. It is the perfect balance for a growing family, professional couple, home-based worker or anyone seeking space and tranquillity.

Read the full description

The comfortable, free-flowing floor plan creates a relaxed living environment, while the fully fenced property is ideal for children and pets.

Multiple parking options are available through two double-gated driveways, including:

• Gravel parking beneath the house for a caravan or boat

• Double lock-up garage

• Double carport with concrete flooring

• Covered access directly into the mudroom and laundry

• Additional storage shed beneath the home

A ramp through the tropical gardens leads guests to the wide front entrance and expansive open-plan living area. Large picture windows capture the beautiful bushland scenery, while the neutral grey and white palette allows the surrounding greenery to take centre stage.

Two sets of double sliding doors open onto the full-length entertaining deck, complete with a dedicated barbecue area and comfortable space for 12 or more guests.

At the heart of the home is an impressive chef’s kitchen featuring:

• Gas cooktop and electric oven

• Smeg dishwasher

• Extensive soft-close drawers

• Double pantry with tiered and pull-out shelving

• Filtered-water system

• Glass-fronted display cabinets

• Deep storage drawers for larger appliances

• Generous stone benchtops with room for multiple cooks

• Seamless double sink

The kitchen adjoins the dining area, cleverly separated by a stylish wall of glass-fronted cabinetry.

The king-sized master suite includes a walk-through wardrobe leading to an oversized ensuite with dual basins, shower and toilet. Two additional generously sized bedrooms include built-in wardrobes and are serviced by a sleek family bathroom featuring a freestanding bath, separate shower and toilet.

Rich timber-look vinyl flooring flows through the living areas, with large-format tiles in the bathrooms and on the deck. Plush charcoal carpets provide comfort in the bedrooms.

Additional features include:

• Midge screens to all windows

• Security mesh to all external doors

• Ceiling fans throughout

• Kelvinator split-system air conditioning in every room, including all bedrooms

• Tall, wide windows providing excellent cross-flow ventilation

• Quality blinds throughout

• Security camera system

• Solar electricity

• Electric hot-water system

• Large double, queen and king-sized bedrooms

• Built-in wardrobes to all bedrooms

• Retaining walls, irrigation and managed water runoff

• Landscaped gardens with tropical fruit trees

• Front and rear dog doors

• Garage wired for power tools, with workbenches and shelving

• Covered access from the parking area to the mudroom and laundry

• Undercover clothesline for convenient all-weather use

School, shops, ferry services, parks, clubs, the swimming pool and waterfront are all within approximately a 10-minute walk.

With nature at your doorstep and everyday amenities close by, this is a home designed for comfortable island living.

Simply unpack, relax and embrace the laid-back Russell Island lifestyle.

The Island Life Difference

• Jetty pick-ups available

• Property inspections and island tours

• Area maps and extensive local knowledge

• FaceTime and virtual inspections available

Disclaimer

Whilst every effort has been made to ensure the accuracy of this information, interested parties should make their own enquiries. Images, floor plans and marketing material may include virtual staging, AI enhancements or digital editing for marketing purposes and should not be relied upon as an exact representation of the property.

Listing description written by Rhys Franz, Island Life Property Sales & Rentals — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Broadband
  • Built-in Robes
  • Deck
  • Dishwasher
  • Fully Fenced
  • Outdoor Entertaining
  • Remote Garage
  • Secure Parking
  • Solar Panels
  • Workshop
Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.