29 Nugent Street, Macleay Island QLD 4184
29 Nugent Street, Macleay Island QLD 4184
2-bed island house | 2-bath convenience | quiet Macleay Street | modest entry price | ferry-linked lifestyle
This property offers a straightforward, low-maintenance footprint that suits first-home buyers, downsizers, or investors seeking a foothold in the island market. The two-bedroom, two-bathroom layout is practical for couples or small households, and the single parking space aligns with the car-light lifestyle typical of island living. Its position on Nugent Street places it within a settled, low-density neighbourhood where detached houses on generous blocks are the norm, giving it a sense of space and privacy that is increasingly rare closer to the mainland. The house is best suited to buyers prioritising affordability and a relaxed, nature-oriented setting over urban convenience, and its configuration is competitive within the local stock, which leans towards older, simpler homes.
The value of this house may be shaped by its age and condition, as older island properties often require updates to kitchens, bathrooms, or roofing. Its land size, while not confirmed, is likely to fall within the typical 685 to 950 square metre range for the street, which could offer future extension or subdivision potential subject to council approval. The absence of major overlays on nearby properties suggests a lower risk of flooding or bushfire constraints, but this should be verified for the specific lot. Rental demand appears steady, with comparable homes achieving around $530 per week, which may support an investment purchase, though the island’s ferry dependence could limit buyer pool depth compared to mainland suburbs.
Detailed Independent Property Report prepared by PropCred Analyst team for 29 Nugent Street, Macleay Island QLD 4184
Checks found:
Value Risk
Liquidity Risk
Planning Risk
1
Income Risk
1
Execution Risk
1
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Market Insight
Macleay Island is a ferry-linked island suburb where demand is driven primarily by older couples without children, most owning homes outright, and a workforce concentrated in trades. The recent 12 months saw house prices rise 18.9%, with medians ranging from $510,000 to $575,000, while rents grew 5.4% to $485 weekly and gross yields sat at 4.72%. Sales volume was robust at 174–183 transactions, yet supply is exceptionally tight: only 14 properties were for sale and 2 for rent in the latest month. Growth drivers rest on island lifestyle appeal and constrained stock, but affordability is the key constraint; median household income is low, limiting how much further prices can stretch, while reliance on ferry transport and absence of road or rail links cap broader buyer appeal.
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PropCred Estimated Value
Comparable Sales: 13 Nugent Street sold for $300,000 in Feb 2026; 8 Nugent Street valued near $540,000 | Property Price Band: $300,000–$400,000 | Value Drivers: land size, renovation potential, street position
Bedrooms
2
Bathroom
1
Parking
1
Land
665m²
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