4 Maroondah Street, Russell Island QLD 4184
4 Maroondah Street, Russell Island QLD 4184
Cleared elevated block | high side of street | services ready | near ferry and shops | 559 m²
This is a competitively strong vacant block because it is fully cleared, elevated, and positioned on the high side of the street, which reduces site preparation costs and improves drainage and breeze exposure. Services including power, town water, and NBN are already at the boundary, removing a common delay and expense for new builds. The block is less than two kilometres from the ferry terminal and shopping centre, making it well suited to owner-builders, entry-level investors, or buyers seeking an island lifestyle with practical access to the mainland. Its size is consistent with nearby residential lots, so a future dwelling will fit the neighbourhood character without requiring special approvals.
The value of this property may be influenced by the fact that it is land only, meaning no rental income is possible until a dwelling is built, which could limit its appeal to cash-flow-focused buyers. Its island location relies on ferry transport, and while the block itself is elevated and cleared, the absence of confirmed flood or overlay information in the available data means a buyer should verify these details before forming a view on price. The 2022 sale price provides a historical benchmark, but market conditions have shifted since then, so the current asking price should be assessed against recent vacant land sales in the immediate area rather than broader suburb medians.
Detailed Independent Property Report prepared by PropCred Analyst team for 4 Maroondah Street, Russell Island QLD 4184
Checks found:
Value Risk
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Liquidity Risk
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Planning Risk
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Income Risk
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Execution Risk
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Russell Island QLD 4184
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.