13 Hume Street, Russell Island QLD 4184

13 Hume Street, Russell Island QLD 4184
3 bed / 2 bath / 1 car | Island rental demand | 546 m² likely | Low-set probable | Ferry-linked lifestyle The property presents a standard island family format—three bedrooms, two bathrooms, and a single car space—which aligns with the dominant residential pattern across Russell Island. This configuration suits first-home buyers, small families, and investors seeking reliable rental returns rather than premium finishes. Its strength lies in practicality: a manageable block, straightforward layout, and the island’s affordability compared to mainland alternatives. The rental market here supports steady occupancy, with nearby homes achieving mid-to-high four-percent yields, making this a sensible entry point for those prioritising cash flow over capital growth. Value may be influenced by the unconfirmed land size, which likely falls near the common 546 m² standard but could vary. The property’s age, construction type, and internal condition remain uncertain, potentially affecting renovation costs or immediate habitability. Elevation and aspect might offer water glimpses or breezes, though not verified. The single car space could limit appeal for families with multiple vehicles. Ferry dependence and variable dwelling quality across the island may temper buyer enthusiasm, but the low entry price and rental demand mitigate downside risk.
Detailed Independent Property Report prepared  by PropCred Analyst team for 13 Hume Street, Russell Island QLD 4184
Checks found:
Value Risk ! 1
Liquidity Risk
Planning Risk ! 1
Income Risk 2
Execution Risk ! 1
WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat

Market Insight

Russell Island, an island suburb in southern Moreton Bay with no bridge access, is positioned as an affordable lifestyle market relative to the mainland. Demand is driven by retirees, families, and investors attracted to land availability, natural surrounds, and a close-knit community. Median house prices range from $430,000 to $479,000, with annual growth between 9.97% and 15.5% across sources. Rents average $445–$450 per week, producing a gross yield near 5% for houses. Sales volumes are inconsistent, ranging from 44 to 313 annually, and days on market stretch from 58 to 153 days, pointing to a thin, cautious buyer pool. Future growth relies on southern Moreton Bay development, while ferry dependence and limited access remain the principal constraints.
WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat

PropCred Estimated Value

Comparable Sales: 56 Hume Street sold $632,500; 33 Hume Street valued $563,000 | Property Price Band: $500K–$600K | Value Drivers: Land size, dwelling condition, rental yield potential

Bedrooms

3

Bathroom

2

Parking

1

Land

594m²

Research & Review Prepared by Brian Moon, Analyst · Reviewed by Matt Proctor, Principal Analyst
WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat