Post

Buying Land on Russell Island

• Posted by:
• Simon Gordon

Russell Island offers a rare opportunity to purchase residential land in South east Queensland 40 KMs from Brisbane CBD at a fraction of the cost compared to surrounding suburbs.

There is some quality land available and the opportunity delivers to build a home or investment property at a very affordable rate.

The Island located in Redland City is the biggest of the Southern Moreton Bay Islands, situated between the mainland and North Stradbroke Island. The island is eight kilometres long (north-to-south) and nearly three kilometres wide.

It is imperative when looking to purchase land that you take certain factors into consideration. Island Life have a highly knowledgeable team who all live on the Island and can therefore offer insights that can often be overlooked.

Land values

Factors to consider in finding the right block to suit your requirements

• Criteria for consideration

   

  • Location of land / neighbourhood / demo graphs/ access to amenities
  • Land size in regards to build size
  • Initial cost of land
  • Additional costs clearance trees etc / slope / water & electricity accessibility / access onto the land
  • Suitability in consideration to resale and sale price

   

  When taking all the above criteria into consideration you will be in a better position to obtain your main objectives which I believe after our discussion the following

   

  • Land affordability
  • Cost limited in regards to additional works and access to utilities
  • End product suitable in regards to resale
  • End product attractive as a rental investment  or future property sale value options
  • Achievable end values

   

  It is imperative that to achieve a sale in the current and foreseeable market that all steps are given careful consideration. It is important to consider carefully the initial purchase of land to achieve the desired financial outcome in a realistic timeframe.

   

  In many cases developers will chase the lowest priced land to build in the quickest possible time frame only to achieve a final outcome that is not there initial objective and indeed in an extended timeframe that can incur additional costings and slow down future aspirations for development projects.