The Bay Islands are filled with lovely views, friendly people, great local businesses and community events. If you haven’t yet come to visit this lovely part of Queensland, why don’t you come on over and take a look!
Southern Moreton Bay Islands have increased in population and value over the past three years. There are still many great buys over all islands, prices are stable and will only increase in future.
Now the Island offers a buyers’ market, however there is steady growth occurring, rental demand is high & new builds are at the highest level for years. Now is the ideal time to invest in Island property.
It is on the water, you can easily commute to Brisbane or the Gold Coast, family or retirement home, it is one of the cheapest places nearest to Brisbane and the Gold Coast.
The location is ideal for a lifestyle choice or for commuting to the mainland for work. The commute to and from the islands, over the beautiful waterways around the island then onto the mainland. Bus times align with ferry timetable all administered by Translink using Go Card, carpool or make your own way by car. Bay Island Car Share offer cars to hire for a day or add you car to the fleet.
The Island population is growing and there is increased demand for rental properties - investment yields are strong, and clients have consistently been achieving 7-8 % returns.
Facilities and infrastructure are improving on Russell Island along with house sales increasing, and a population that is booming. Don't be disappointed - get into the market NOW!!
The Redlands Coast area population has increased overall doubling on Russell Island a 9km long island in Southern Moreton Bay.
The median house price is $380,000 and the median rent is $380 a week for a home, with a standard three-bedroom two-bathroom home obtaining $440 per week with very high demand on the islands. This is one of the highest growth rates in Southeast Queensland.
Buying Investment properties on the Island
One of the key areas in Southeast Queensland Principal Simon Gordon gives an example “I have had a lot of success in aligning clients with suitable investment properties".
The whole structure has to be full circle with guidance through all levels. Island Life base this on the following factors
- Selection of property to suit the clients' requirements - budget, affordability, ongoing or current and future maintenance costs, rental yield predictions
- Purchase procedure Providing the clients with advice, guidance in depth island knowledge and information in relation to services, trades and professional services ie: solicitors / conveyancers who have experience of island transactions.
- Ongoing service provision Smooth transition from purchase to ongoing investment. Island Life prepare documentation and portfolio of property for market. This enables all preparations are in place for when the property meets the rental market. We also ensure smooth transition if the property is already tenanted.
Good property management is crucial for the success of your investment
Island Life do not sell property on the Island on the assumption of property prices increasing due to a bridge. The emphasis is on sea change, lifestyle and affordability.
The Island offers the opportunity to purchase a property in close proximity to Brisbane and the Gold Coast at a price that offers incredible value for money.
Home buyers and investors check out our latest listings and feel free to ask us for advice.
All the Island Life team live on Russell Island and have invested in the Island so talk to us we know the Islands.
