13-15 Pookanah Street Russell Island QLD 4184

Three-bedroom coastal home | 1224sqm block | Russell Island growth market | Rental yields 4.98% This three-bedroom home on a 1224 square metre block suits families and investors seeking Island lifestyle with practical land area and emerging coastal infrastructure. The property sits within Russell Island’s property market context where median house prices have appreciated between 9.97 and 15.5 percent over the past 12 months, depending on the measurement period used. With a land size of 1224 square metres, this property offers considerably more space than typical suburban blocks, providing scope for future development, extended living areas, or multiple income streams. The island’s demographic shift—population growth of 30.4 percent between 2016 and 2021—indicates sustained demand from families and retirees drawn to coastal living without mainland price escalation. Properties of this size and configuration on Russell Island historically attract owner-occupiers balancing lifestyle with investment potential, as well as investors targeting the rental market where median weekly rents sit at $445 and gross rental yields average 4.98 percent. The three-bedroom, two-bathroom configuration represents a standard family profile, appealing to the growing cohort of young families and retirees seeking island communities with improving infrastructure. Russell Island’s property market has demonstrated resilience through price growth and consistent sales activity—313 houses sold in the preceding 12 months—suggesting active buyer interest and reasonable turnover. Waterfront and elevated land parcels command premiums, though this property’s appeal hinges on its specific position within the street context and whether it offers water views or direct coastal access, factors that materially affect comparable pricing. The rental yield environment remains supportive for investors, with Queensland’s 2026 forecast anticipating stable interest rates and stronger regional economies in Brisbane and surrounding areas likely to sustain investor activity and rental demand.