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Sold on 25 Jun 2024 for $660,000

33-35 Russell Terrace
Macleay Island QLD 4184

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 2023m2
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Property Details for 33-35 Russell Tce, Macleay Island

Building Type
Land
Land Size
2023m2
Local Government
Redland
Lot/Plan
250/RP846226

Last Listing description (June 2024)

· Massive 2023m2 block (approx. 40m2 x 50m2)

· Unique two street frontage

· Approx 200 m to new Macleay Island Ferry Terminal and jetty

· Commercial hub of Macleay Island – minutes’ walk to hotel , supermarket, chemist, doctor

· Zone Local Centre – suitable for a wide range of permitted uses including ; hardware and trade supplies; short term accommodation, health care services, food and drink outlet, community centre etc. Subject to Council Approval (STCA).

· Services - water out front and fire hydrant

· Survey and Septic Treatment System design available for a small motel (STCA).

Macleay Island is one of four Southern Moreton Bay Islands which sits in the middle of a picturesque marine park that's home to turtles and dugong, protected from the open sea by North Stradbroke Island and just an hour from the Brisbane CBD.

Macleay Island is a short 18 min trip to Redland Bay by the water taxi. Redland’s mainland which has Priority Development Areas (PDAs) at Weinman Creek and Toondah Harbour, which have been identified for specific accelerated economic growth and community development by government.

A 34-million-dollar investment currently underway from the council and state governments to upgrade the ferry terminals on all the islands and travel is free between the islands.

Macleay Island is experiencing unprecedent growth since COVID with people moving for an “island change” resulting in a housing boom and increased demand for products and services.

Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained here is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or mis-statements contained in this document. Prospective purchasers should make their own enquiries to verify the information contained here.

Property Code: 2782

Property History for 33-35 Russell Tce, Macleay Island, QLD 4184

A timeline of how this property has performed in the market
Last Sold
$660,000
25 Jun 2024
  • 27 Jun 2024
    Listed for Sale SOLD- TBARCLAY - Annette & Alice
  • 06 Jun 2024
    Sold for $660,000
  • 12 Jan 2023
    Listed for Sale Offers over $550,000
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About Macleay Island 4184

The size of Macleay Island is approximately 7.2 square kilometres. It has 9 parks covering nearly 6.2% of total area. The population of Macleay Island in 2011 was 2,571 people. By 2016 the population was 2,688 showing a population growth of 4.6% in the area during that time. The predominant age group in Macleay Island is 60-69 years. Households in Macleay Island are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Macleay Island work in a trades occupation. In 2011, 68.1% of the homes in Macleay Island were owner-occupied compared with 64.4% in 2016.

Macleay Island has 3,974 properties. Over the last 5 years, Houses in Macleay Island have seen a 76.01% increase in median value. As at 31 July 2024:

  • The median value for Houses in Macleay Island is $435,939 while the median value for Units is $403,030.
  • Houses have a median rent of $440.
There are currently 223 properties listed for sale, and 15 properties listed for rent in Macleay island on OnTheHouse. According to CoreLogic's data, 266 properties were sold in the past 12 months in Macleay island.

Suburb Insights for Macleay Island 4184

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Contact agent
Annette Baker
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Alice Chep
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T.Barclay Real Estate - Macleay Island
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.