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QLD › Russell Island › Highland St

37 Highland St, Russell Island QLD 4184

For saleHouse for Sale

$449,950

For sale

Asking

2

Bedrooms

1

Bathrooms

0

Car spaces

612 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $449,950 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $449,950(Listing record · 24 June 2026)
  • CalculationLand 612 m² against a 90 m² dwelling — the land is most of what is being bought.(Districts calculation)
  • CalculationAsk is 140% 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 5.36% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

  • InterpretationA large lot with a small dwelling means the value case rests on the land and what the zone allows on it, not the house.

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

$449,950

Asking · $735/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.

See the full Russell Island report →

Vs Russell Island

+140.0%

Median sale

Suburb $187,500

-7.51 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
$449,950
Stamp Duty (Queensland)
$14,173
Transfer/Registration Fee
$1,505
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
$469,328

$19,378 on top of the price (4.3% 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
3.86%
Annual cashflow (pre-tax)
$-6,019
Interest cover (DSCR)
0.74
Annual rent
$24,128
Operating expenses
$6,749
Loan amount
$359,960
Annual interest
$23,397
Gross yield
5.36%

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$449,950available24 June 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. No recorded off-street parking — often a discount versus the suburb median for the same beds.

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 5.4%. 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 Highland St →

Listing material

Listed by Bay Islands Property

Two-Bedroom + Sunroom in a Perfect Location

Welcome to 37 Highland St, a new listing for a home that offers the perfect blend of comfort and convenience in a sought-after part of the island.

The house is inviting and wonderful. Wooden floors are a feast for the eyes and easy to clean, as are the tiled areas in the laundry and bathroom. Living and entertainment areas are well-spaced, with large bedroom locations adding to privacy and relaxation.

Hurricane shutters throughout the home are a genius addition to a classic design. They complement those delicious floors while providing privacy and helping to tame sunlight. At any time of day and in any season, the home can be perfectly tailored to suit your style. The ability to maintain privacy without losing the breeze (and without needing drapes) is a stylish and rewarding layer that enriches your time inside.

Read the full description

Set within 618 m2, this beautiful block is private and peaceful in a distinctly loved area. With established greenery and lush surrounds, there is also an empty block to one side, adding to the breezy tranquillity. Low-maintenance lawns and mature trees mean a short list of chores when settling in, and there is space for additional delights. Boat storage, fruit and veg garden beds, or a Bali hut and spa combo can be keenly envisioned. There is a raised, walled section that would be a sensational place for a large shed or a hobby area, such as an art or music space. There is room for all you need, and you will have a sought-after slice of sweetness in an island haven.

That boat, by the way, is now only four minutes away from one of the island’s boat ramps. For the rest of the squad, school drop-off is in two minutes, or walk them with the pooch in ten. Shops, including our Super IGA, cafés and busine hub are also just a couple of minutes.

The perfect home combined with the sweetest of locations and an island lifestyle definitely ticks all the boxes for you:

• Charming 2-bedder, perfect location

• Over 600 m2 peaceful block

• Move in with nothing needing to be done

• Large bedrooms

• Stunning wooden flooring

• Hurricane Shutters throughout, offering sharp distinction with nostalgic form

• Plenty of storage, in the kitchen as well as underneath the home

• Spacious and tiled laundry

• Separate toilet to bathroom

• Low-maintenance lawns and gardens

• Large trees on the next block offering shade and privacy screening

• Serene, natural setting out back

• Established raised, retained, walled section ideal for a large shed, boat storage or gazebo/spa installation

• A couple of minutes to shops, school and everything you need

The fresh family eager for a perfect home and spectacular lifestyle will adore this home. Likewise will the first homebuyer or keen investor. It is ready now for you. Call our team today on 07 3409 9900

Listing description written by Chris McGregor, Bay Islands Property — reproduced as published, not verified by Districts.

Property features

  • Toilets: 1

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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.