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Russell Island, QLD 4184

Home » QLD Real Estate Data » Redland City, QLD » Russell Island, QLD 4184

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Russell Island, QLD 4184 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

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3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

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Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Russell Island, QLD 4184”

  1. The total adult population (15 years or older) of Russell Island 4184 QLD is 3,349, with a median age of 59. Of those, 38.16% are married, 26.90% are divorced or separated, 28.19% are single and 6.81% are widowed.

    The average household size is 1.9 people per dwelling, and the median household monthly income is estimated to be $3,716. The median monthly mortgage repayment for households in this suburb is $867 which is 23.33% of their earnings.

    Source: ABS Census Data (2021)

  2. The charming suburb of Russell Island, or postcode 4184, is nestled in sunny Queensland and estimated to be home to approximately 10,019 households. Rising as a key contender in the Q3 2023 property market, Russell Island showcases a typical house price of $376,655, with a median weekly rent pegged at $362. This combination paints a favourable picture for investors, yielding a strong indicative return of 5.0%, surpassing the minimum market requirement of 3.0%.

    Situated in a suburb with a stable socio-economic environment, factoring scoring 797 out of a possible 1217 on the IRSAD scale, Russell Island offers an attractive landscape to property investors.

    Further bolstering its appeal is the suburb’s desirable renter-to-owner ratio of 25%. This measurement, comfortably below the 30% threshold, implies a balanced market not oversaturated with rental properties, therefore heightening potential long-term returns.

    In terms of supply, houses overwhelmingly dominate Russell Island’s property market, proven by a 0% units-to-houses ratio. This dynamic could provide less competition among landlords for tenants, positively impacting rental yields over time.

    Arguably a trickier aspect to this market is the affordability index for houses, which sits at a substantial 40 years. This metric suggests it could take longer than the standard mortgage period for residents to fully own a house in the area – an indicator of lower affordability.

    Offering some respite is the stock on market percentage for houses at a favourable level of 0.38%, signalling low supply which can enhance market competition and potential for capital growth. The suburb also presents a manageable inventory level of 2.41 months, adding another mark in its favour for property investors.

    Meanwhile, Russell Island’s building approvals Ratio of 1.81% for houses indicates a controlled inflow of new dwelling supply to the market. Even though the days on market for houses is a slight concern, at a relatively high 141, the vacancy rate offers reassurances, standing at a comfortable 1.18%.

    Rounding out the analysis, the buy search index for houses is steady at 5, standing at the state/city average. This offers balanced insight into the demand for houses in Russell Island within the specified quarter.

    In conclusion, Russell Island presents a mixed bag of indicators for potential investors. As a prudent investor, it is vital not only to consider these metrics individually but to visualise their interplay and discern overarching trends via the property market dashboard. Furthermore, the HtAG Analytics’ Relative Composite Score (RCS) metric can offer an invaluable advantage, automating the assessment of these market signals by leveraging over 80 diverse metrics.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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