13 Bunning Street, Russell Island QLD 4184
13 Bunning Street, Russell Island QLD 4184
Level block | Sealed-road pocket | Broad buyer appeal | Basic house stock | Close to ferry and shops
This property sits in a practical, well-serviced part of Russell Island where standard residential lots dominate and the street pattern is straightforward. The likely 582m² block with level ground and sealed frontage offers a low-friction entry point for buyers wanting space without steep maintenance or access complications. It suits first-home buyers, small households, or investors seeking a modest, rentable house on a functional lot. The location’s strength is convenience—short trips to the shopping village and ferry—rather than any scenic or waterfront edge, which keeps expectations realistic and demand steady rather than exceptional.
The value here may hinge on what is actually built, since the land alone is ordinary for the area. A basic high-set or low-set house with a shed, fencing, and reasonable internal condition could support a solid price, while a tired or unfinished dwelling might cap interest. The lack of flood or bushfire overlay on nearby comparables reduces environmental risk, but the island’s reliance on mainland schooling and its quieter pace may limit buyer pool depth. Weigh the house’s size, age, and fit-out against the land’s flat utility—this is a property that rewards practical upgrades, not premium finishes.
|| Comparable Sales: 2 Browning Street sold at $238,000; 17 Bunning Street estimated near $442,000 | Property Price Band: $230,000–$450,000 | Value Drivers: Land size and levelness, house condition and size, proximity to ferry and shops
Detailed Independent Property Report prepared by PropCred Analyst team for 13 Bunning Street, Russell Island QLD 4184
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
1
Income Risk
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: 2 Browning Street sold at $238,000; 17 Bunning Street estimated near $442,000 | Property Price Band: $230,000–$450,000 | Value Drivers: Land size and levelness, house condition and size, proximity to ferry and shops
Bedrooms
3
Bathroom
2
Parking
1
Land
582m²
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