8 Glenfield Avenue, Russell Island QLD 4184

Bushfire overlay applied | Buyer demand above median | Price premium over local median | Offers outweigh supply on island. This property carries a bushfire overlay, which may increase insurance costs and restrict future renovations, directly reducing holding returns. Its $649,950 asking price commands a 33% premium over Russell Island’s median for a 3-bedroom house, a gap supported by new construction quality and the 582m² fully fenced lot. The 101% five-year median price growth signals strong market momentum, yet this house should be held as a long-term rental given a 4.7% yield—not flipped—to absorb overlay risk. What makes this property competitive is its new brick veneer build on a large fully fenced lot, a rare combination on Russell Island. The bushland setting and outdoor entertaining area serve buyers seeking privacy and a low-maintenance package. It best suits an investor targeting steady rental demand from families, given the absence of comparable newer stock. Contact the agent to inspect and secure a building and pest report specific to bushfire zone compliance.