2 Burge Street, Russell Island QLD 4184

2 Burge Street, Russell Island QLD 4184
Corner block | dual living layout | 574mยฒ level land | close to bowls club | Russell Island north end The dual living configuration on a level 574mยฒ corner block creates a rare positioning advantage on Russell Island, particularly for a buyer seeking multi-generational accommodation or rental income offset. Proximity to the bowls club and local amenities adds everyday convenience in a market where 60% of residents rent, suggesting consistent tenant demand. This property best suits an investor or a buyer wanting separation of living spaces without sacrificing a single-title footprint. The primary risk is the islandโ€™s demographic skew toward an older population and the 76-day average selling period, which may slow resale. However, the corner block offers future subdivision potential if council permits evolve, and the dual living layout already differentiates this house from typical three-bedroom stock. The estimated value gap relative to the asking price presents negotiation leverage for a buyer prepared to hold medium-term.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 2 Burge Street, Russell Island QLD 4184
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Market Insight:

Russell Island offers an affordable entry into the southern Moreton Bay property market, characterised by diverse housing and a relaxed island lifestyle. Demand is driven by retirees, families, and investors seeking lifestyle change or capital growth, attracted by low median prices around $430k-$479k and natural beauty. Recent annual house price growth is strong, ranging from 10% to 15.5%, though the market exhibits caution with median days on market varying from 58 to 153 days. Future growth is underpinned by land availability and increasing interest in island retreats, yet reliance on ferry access and variable sales volumes present inherent constraints to broader appeal.
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PropCred Estimated Value

Bedrooms

3

Bathroom

2

Parking

2

Land

574mยฒ

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