An incredible opportunity awaits with this expansive double corner block comprising two separate titles, offering a combined land area of 1,105m. Located in a secluded but growing pocket of the island, 2-4 Austral Street is situated 5.5kms from the Ferry Terminal and Shopping Centre and is ideal for those seeking a ready-to-go site for development, a land-bank investment, or the perfect place to build your dream home.
Mostly Cleared Land Saves you time and money on preparation
Separate Titles Flexibility for dual dwellings, resale or investment
With so much potential and excellent value, this opportunity wont last long. Whether youre an investor, developer or homebuilder, these blocks tick all the right boxes.
Just a 20-minute ferry ride from the mainland at Redland Bay, Russell Island is perfectly positioned40 minutes to Brisbane in one direction and 40 minutes to the Gold Coast in the other. Simply drive to Redland Bay Marina, hop on the ferry, and take a short 100m stroll to LJ Hooker Bay Islands. Your next adventure begins here.
The size of Russell Island is approximately 17.8 square kilometres. There are 64 parks, covering nearly 13.3% of the total area. The population of Russell Island in 2016 was 2836 people. By 2021 the population was 3698 showing a population growth of 30.4% in the area during that time. The predominant age group in Russell Island is 60-69 years. Households in Russell Island are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Russell Island work in a community and personal service occupation.In 2021, 70.30% of the homes in Russell Island were owner-occupied compared with 63.80% in 2016.
Russell Island has 9,455 properties. Over the last 5 years, Houses in Russell Island have seen a 95.74% increase in median value, while Units have seen a 99.83% increase. As at 31 July 2026:
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