54 Harvey Street, Russell Island QLD 4184

Russell Island | 2‑bedroom house on 586m² | 7‑star energy rating | no flood or bushfire overlay | FTTP connected. The property’s strongest buying case lies in its combination of a high energy efficiency rating and a clean hazard overlay record, which together reduce holding costs and insurance premiums — an uncommon pairing on Russell Island. The 586m² block with two car spaces and FTTP connectivity makes this a viable low‑maintenance home for a downsizer or remote worker seeking affordable island living within commuting distance of the mainland. The 2022 sale history suggests recent price discovery, and the current listing sits below the midpoint of the estimated value range, offering a buyer a reasonable entry point relative to comparable stock. The primary risk is the island’s historically softer demand profile, which can extend days on market and limit capital growth relative to mainland suburbs. Buyers should factor in ferry costs and longer travel times when assessing total occupancy cost. The opportunity is to secure a well‑rated, low‑risk property at a price that already reflects these locational constraints, with rental income of approximately $475 per week providing a buffer if the buyer’s plans change. Hold this property as a permanent residence or a long‑term rental; it is not suited to short‑term flipping.