104-114 Canaipa Road, Russell Island QLD 4184
104-114 Canaipa Road, Russell Island QLD 4184
3.99 ha island holding | 411 m² house footprint | bushfire and flood overlays | niche acreage-style buyer pool
This is a genuinely rare configuration for Russell Island, where the market is dominated by standard residential blocks. The sheer scale of the land—nearly four hectares—sets it apart from almost everything else in the suburb, and the 411 m² dwelling is substantial in its own right. That combination creates a semi-rural feel within a residential zoning, which suits buyers looking for space, privacy, or a lifestyle property rather than a conventional suburban house. The 1% building coverage means the land dominates, offering potential for sheds, paddocks, or simply buffer from neighbours. The reliable NBN and 4G coverage reduce the sense of isolation, making it more workable for remote or hybrid work. This property serves best a buyer who values land mass over convenience, and who sees the island setting as a feature, not a compromise.
The flood and bushfire overlays may shape how the land can be used, particularly for any future development or intensification. The 15 m ground elevation offers some comfort, but these overlays still affect insurance costs and may narrow the pool of interested buyers. The 3.99 ha size also means higher ongoing maintenance—fencing, vegetation management, and potential bushfire mitigation—which may influence how a buyer prices the property. The 411 m² footprint is large, but without confirmed internal specifications, the house’s condition and finish level could vary significantly, and that uncertainty may affect value. The property’s niche appeal likely means a longer selling period, but for the right buyer, the land alone justifies serious interest.
|| Comparable Sales: 52–54 Canaipa Rd sold undisclosed on 1,158 m²; 4 Canaipa Rd sold $110K in 2019 on 658 m² | Property Price Band: $1.5M–$1.6M | Value Drivers: land size, dwelling footprint, hazard overlays
Detailed Independent Property Report prepared by PropCred Analyst team for 104-114 Canaipa Road, Russell Island QLD 4184
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
2
Income Risk
1
Execution Risk
2
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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.
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PropCred Estimated Value
Comparable Sales: 52–54 Canaipa Rd sold undisclosed on 1,158 m²; 4 Canaipa Rd sold $110K in 2019 on 658 m² | Property Price Band: $1.5M–$1.6M | Value Drivers: land size, dwelling footprint, hazard overlays
Bedrooms
3
Bathroom
1
Parking
-
Land
4.05 ha
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