Get a property report and suburb profile for any property in Russell Island

Russell Island is a delightful place to live, offering a serene and picturesque lifestyle that appeals to a diverse range of residents. Nestled in the beautiful Moreton Bay, the island is a haven for those seeking a peaceful escape from the hustle and bustle of city life. Its natural beauty and relaxed vibe make it a charming choice for families who appreciate a slower pace and a strong sense of community. The island's proximity to the mainland, accessible by ferry, ensures that residents can enjoy the tranquility of island life while still having access to essential amenities and services.

The island's community is known for its welcoming atmosphere, making it an ideal place for families to settle down. With local amenities such as shops, cafes, and community events, there is always something to do, whether it's enjoying a leisurely day at the park or participating in local gatherings. Safety is generally not a major concern, and the island's close-knit community adds an extra layer of security and support for families.

However, living on Russell Island does come with some trade-offs. While the island offers a peaceful lifestyle, it may not suit those seeking vibrant nightlife or extensive employment opportunities, as these are limited. Residents often rely on mainland services, which can require planning and travel. Despite these challenges, the island's affordability and natural beauty continue to attract families and retirees alike, making it a unique and appealing place to call home.

Living on Russell Island can be quite affordable compared to many other areas in Australia. The median house price is around $397,500, which is considerably lower than what you might find in more urbanized areas. If you're considering renting, houses average about $425 per week, while units are even more budget-friendly at $220 per week. These figures suggest that housing costs on Russell Island are manageable, especially if you're used to the higher prices in larger cities.

The average wage on Russell Island is approximately $39,000 per year, which is below the national average. However, this is somewhat balanced by the lower cost of living on the island. The median total household income weekly is $756, which aligns with the more affordable housing options available. While the wages might be lower, the overall expenses for living on Russell Island are also reduced, making it a potentially attractive option for those seeking a more cost-effective lifestyle.

Overall, Russell Island offers a unique living experience with a lower cost of living compared to many mainland suburbs. If you're thinking of living on Russell Island, it's important to consider both the lower income levels and the affordable housing costs to determine if it suits your financial situation.

Russell Island is showing promising signs as a potential investment suburb, particularly for those interested in houses. Over the past year, the median house value has increased by an impressive 11.1%, indicating strong demand and potential for capital growth. This is a positive signal for investors looking for areas with upward momentum in property values. Additionally, the rental market for houses has also seen a healthy increase, with rents rising by 6.2% over the last 12 months, suggesting a steady demand for rental properties.

While the unit market in Russell Island has remained stable, with no change in median values or rents, this stability can be appealing to investors seeking a less volatile investment. The island's unique location and lifestyle appeal make it an attractive option for those looking to invest in a serene environment away from the hustle and bustle of city life. Overall, Russell Island offers a mix of growth potential and rental income opportunities, particularly in the housing sector, making it a worthwhile consideration for property investors.