3 Gay Terrace Russell Island QLD 4184

New build | Island lifestyle | Off-grid capable | High rental yield | Bushfire overlay This property presents a high-yield rental opportunity with significant, non-negotiable risk. The bushfire overlay imposes ongoing compliance costs and potential insurance premiums that directly erode rental income. Its value is almost entirely in the new dwelling, as the recent land sale demonstrates the minimal underlying land value. This house is strictly an income-generating purchase, not a land banking play, and requires a buyer comfortable with specialist island market dynamics. Its competitive strength is the rare combination of a new, off-grid capable dwelling in a high-demand rental precinct. The estimated yield is compelling against newer stock, serving the investor targeting weekly cash flow over capital growth. The ‘deceptively spacious’ layout and solar setup are practical advantages that reduce tenant turnover and holding costs. For a disciplined investor, the numbers warrant a forensic due diligence process on holding costs.