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Russell Island

POSTAL CODE: QLD, 4184
HOUSE

Based on its average 5-year and quarterly capital gains RUSSELL ISLAND, 4184 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that RUSSELL ISLAND, 4184 obtained a 10.08% growth over a ten-year period. It ranks 4437th on our list of suburbs that property investors should look into.

RUSSELL ISLAND, 4184 in QLD belongs to the local government area of Redland.

RUSSELL ISLAND, 4184 has a capital gain of 9.97% for the past year, which is lower than average compared to its 92.61% growth within a five-year period.

With the median home price in RUSSELL ISLAND sitting at $430,000, and the average rent at $440, property owners could potentially earn a 5.32% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in RUSSELL ISLAND are low, as opposed to average gains per annum over the past five years.

Surburb overview

Russell Island, part of the Southern Moreton Bay Islands in Queensland, is approximately 40 kilometres southeast of Brisbane's central business district. The island measures about eight kilometres in length and nearly three kilometres in width, making it the largest of the group.

As of the 2021 Census, Russell Island had a population of 3,698 residents. The median age is 55, indicating a mature community. Households primarily comprise couples without children; the predominant age group is between 60 and 69.

Public transportation to and from Russell Island includes passenger ferries and vehicle barges departing from Redland Bay. The passenger ferry services are integrated into the Translink network, allowing passengers to use Go cards for travel. On the island, private vehicles, bicycles, and walking are standard modes of transport, as public transportation is limited.

Essential establishments on Russell Island cater to daily needs and community activities. The island features a shopping village offering services such as a supermarket, post office, medical practice, petrol station, chemist, hairdressers, and takeaway food shops. Additional facilities include a police station, fire station, ambulance service, public swimming pool, and several real estate agencies. Russell Island State School serves the community for primary education, while secondary students typically attend schools on the mainland.

Recreational activities on Russell Island are diverse, leveraging the island's natural beauty and community facilities. Residents and visitors can enjoy boating, fishing, and swimming in the surrounding waters of Moreton Bay. The island also boasts a bowling club and a recreational complex. Parks and walking trails offer opportunities to explore the local flora and fauna, providing scenic spots for relaxation and nature observation.

Russell Island's natural beauty, community amenities, and serene atmosphere make it a distinctive locality within Queensland's coastal regions.

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