6-8 Yara Street, Russell Island QLD 4184
6-8 Yara Street, Russell Island QLD 4184
New build on Russell Island | 3 bed, 2 bath, 2 car | Bushfire overlay noted | Land size unclear | School catchment confirmed
This property presents as a competitively positioned new build in an emerging market, offering a turnkey residence with a double garage and a study-features that are uncommon for this price point on Russell Island. The 170m² floorplan and modern configuration suit first-home buyers or downsizers seeking low-maintenance living in a coastal setting. Its location within the Russell Island State School and Victoria Point State High School catchments provides a clear demographic anchor, while the absence of flood overlay reduces a common concern for buyers in the area. The property is best suited to those prioritising a finished home over land speculation, as the new build eliminates immediate renovation risk.
The primary risk is the unresolved land size discrepancy-516m² versus 1032m²-which must be confirmed via title search before proceeding, as it directly affects valuation and future subdivision potential. The bushfire overlay imposes additional building and insurance requirements that a buyer should factor into ongoing costs. However, for a buyer seeking a ready-to-occupy house in a market where comparable new stock is limited, this property offers a rare opportunity to secure a modern dwelling without competing against older, unrenovated stock. The double garage and study further strengthen its appeal relative to neighbouring listings.
Detailed Independent Property Report prepared by PropCred Analyst team for 6-8 Yara Street, Russell Island QLD 4184
Checks found:
Value Risk
✓
Liquidity Risk
✓
Planning Risk
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1
Income Risk
✓
Execution Risk
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1
Russell Island QLD 4184
Russell Island offers an affordable entry into the southern Moreton Bay property market, characterised by diverse housing and a relaxed island lifestyle. Demand is driven by retirees, families, and investors seeking lifestyle change or capital growth, attracted by low median prices around $430k-$479k and natural beauty. Recent annual house price growth is strong, ranging from 10% to 15.5%, though the market exhibits caution with median days on market varying from 58 to 153 days. Future growth is underpinned by land availability and increasing interest in island retreats, yet reliance on ferry access and variable sales volumes present inherent constraints to broader appeal.