5 Waterlea StreetRussell Island QLD 4184
Property Details for 5 Waterlea St, Russell Island
Last Listing description (June 2026)
Positioned in one of Russell Island's most convenient locations, this 587m² allotment offers an outstanding opportunity to secure a well-priced parcel of land on the highly sought-after northern end of the island.
Ideally located just minutes from the ferry terminal, IGA Shopping Centre, caf&aecute;s, medical facilities, and other essential amenities, this property provides the perfect balance of convenience and island lifestyle.
The block is lightly treed, requiring minimal clearing to begin planning your future home or investment project. Adding to its appeal, the property backs directly onto council land, providing a peaceful outlook and additional privacy from neighboring properties.
With easy access to the site and a practical block size, this property is well suited for those looking to build now or secure land for the future. Opportunities in such a central location are becoming increasingly difficult to find, especially at this price point.
The owner has priced the property competitively and is motivated to achieve a sale.
Don't miss your chance to secure this fantastic north-end block. Contact the listing agent today to arrange an inspection and explore the potential this property has to offer.
Property History for 5 Waterlea St, Russell Island, QLD 4184
- 03 Jun 2026Listed for Sale $117,500
- 08 Aug 2025Sold for $78,250
- 25 Jul 2024Listed for Sale $79,750
Recent sales nearby
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0About Russell Island 4184
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 9,449 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:
- The median value for Houses in Russell Island is $537,941 while the median value for Units is $847,593.
- Houses have a median rent of $460.
Suburb Insights for Russell Island 4184
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