Suburb Profile Report for Russell Island QLD (4184)

Russell Island House: Median price $255,000, Annual capital growth 1.95%, Number of sales 312, Weekly median advertised rent $580

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for Jan 2022 as supplied by CoreLogic. Data is reported to the period ending Oct 2021. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report

Russell Island has had a pretty average year for property investment returns compared to the rest of QLD, giving investors a capital gain of 14.46% to date .

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Russell Island has increased when compared to the 5 year average annual rate.

Property investors looking for a bargain in Russell Island should be aiming for at least -4.20% off the asking price, which is the average vendor discount being achieved at the moment.

A $580 per week rent on the median house gives suburb investors a gross yield of circa 4.36%, without taking into account capital value appreciation, which has been averaging out at 1.95%.

Metrics i HOUSE UNIT
$255,000 N/A
3.75% N/A
14.46% N/A
1.95% N/A
$580 N/A
312 N/A
4.36% N/A
21.325 N/A

Source: Monthly data update for Jan 2022 as supplied by CoreLogic. Data is reported to the period ending Oct 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Balanced (U)
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Demographics
Total population 2473
Median household income ($/weekly) 587
Median age of persons 51
Median housing loan repayment ($/monthly) 1083
Average household size 2
  • Census Count Percent(%)
    5-14 years 243 9.8
    35-44 years 291 11.8
    45-54 years 320 12.9
    55-64 years 546 22.1
    65-74 years 428 17.3
    Others 644 26.1
    Age Group
    Census Count Percent(%)
    Not Married 850 47.2
    Registered Married 751 41.7
    Defacto Relationship 198 11.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 1701 76.3
    Papua New Guinea 151 6.8
    Philippines 24 1.1
    United Kingdom 166 7.4
    Other 66 3.0
    Others 121 5.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 44 2.1
    Christianity 1443 68.5
    Islam 9 0.4
    Other Religious Groups 28 1.3
    No Religion 574 27.2
    Others 9 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 168 17.3
    $400-$599 215 22.1
    $600-$799 170 17.5
    $800-$999 95 9.8
    $1,000-$1,249 70 7.2
    Others 253 26.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1172 62.6
    Employed, worked full-time 290 15.5
    Employed, worked part-time 235 12.5
    Unemployed, looking for work 132 7.0
    Employed, away from work 44 2.3
    Person Characteristics
  • Census Count Percent(%)
    Professionals 77 13.5
    Technicians & trades workers 95 16.6
    Clerical & administrative workers 69 12.1
    Sales 68 11.9
    Labourers 92 16.1
    Others 171 29.9
    Occupation
    Census Count Percent(%)
    Pre-school 17 5.1
    Infants/Primary 135 40.7
    Secondary 103 31.0
    Technical or Further Educational Institution 36 10.8
    University or other Tertiary Institutions 25 7.5
    Others 16 4.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2181 99.5
    Caravan, cabin, houseboat 6 0.3
    Flat, unit or apartment 3 0.1
    House or flat attached to a shop, office 3 0.1
    Semi-detached, row or terrace house, townhouse 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 400 38.4
    Rented 362 34.7
    Being purchased 276 26.5
    Other tenure type 4 0.4
    Tenure Type
Census 2011, ABS
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