Houses under $200,000 on 500-plus sqm blocks plentiful on islands near Brisbane
A mere 60 kilometres from Brisbane city you can still snap up a three bedroom 500-plus sqm island property for the price of a second-hand European car. SEE THE LIST.
Redlands Coast
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A maturing real estate market has seen Brisbane prices recently skyrocket, but venture to a cluster of southeast Queensland islands near the city and you can still secure a house on more than 500 sqm of land for less than $200,000.
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There are second-hand Mercedes Benz driving around fetching more than that.
Below we feature a few of the islands’ cheapest buys.
43 CHANNEL STREET, RUSSELL ISLAND
Price: $195,000
Block size: 524 sqm
Distance to Brisbane: 52.8 km
Established gardens gives this spruced up three bedroom, one bathroom property an anchored feel.
The backyard faces a favourable northerly aspect and there is plenty to like inside.
All three bedrooms have built-ins and the property, which boasts tiles throughout the open plan living area, has a modernised kitchen, setting it above some of the more challenged properties on the island.
Located close to shops and the ferry the house also has two decks, front and back.
7 TREVANNA AVENUE, RUSSELL ISLAND
Price: $198,000
Block size: 582 sqm
Distance to Brisbane: 61 km
Agent Karen Dell says peace and quiet is assured at this “neat and tidy” three bedroom, one bathroom property abutting Redland City Council land.
It features two “good sized bedrooms” with a third easily restored from its current study format should new owners wish.
Timber floors throughout gives the house a sense of continuity and a security system peace of mind.
The sizeable block is fenced with a landscaped rear yard and a large carport can accommodate a boat.
15 LONICERA STREET, MACLEAY ISLAND
Price: $209,000
Block size: 653 sqm
Distance to Brisbane: 61 km
“Lovely” is an apt description by Professional Bay Islands agent Colleen Davis of this two bedroom, one bathroom house on a generous block.
With its cute as a button paint job and timber floors the property has its own sense of character and is move in ready.
And conveniently located it is walking distance to nearby shops.
13 COFFEA STREET, MACLEAY ISLAND
Price: $175,000
Block size: 584 sqm
Distance to Brisbane: 61 km
“Bring a paintbrush” says Redland Bay/Macleay Island agent Brian Durrant of this property and he is not wrong.
Clearly in need of a freshen up this two bedroom, one bathroom property boasts a generous block, a large sun room or rumpus room and a double lockup garage.
Perfect for someone itching to get stuck in putting their own stamp on it, it is also close to amenities.
21 MARANA STREET, COOCHIEMUDLO ISLAND
Price: $240,000
Distance to Brisbane: 35km
Billed by Team Solomon Estate Agents’ Kerry Burton as the best buy on Coochie – as the locals call it – this freshly painted property can earn $280 per week as a rental.
Centrally located it has two bedrooms – one with built-ins – a new kitchen and bathroom.
It also has a covered outdoor entertaining area, front porch under roof and “plenty of room to add a pool, sheds or extend the home”.
10 AMINYA ST, COOCHIEMUDLO ISLAND
Price: $265,000
Block size: 503 sqm
Distance to Brisbane: 35 km
For the bold at heart or those who know the value of a truly unique property this cow print emblazoned two bedroom, one bathroom house is not easily forgettable.
Fitting perfectly within Coochie’s well established artistic community the “Cow House” features a “vivid and eccentric” open plan living area which opens to a covered patio; bedrooms that open to the garden; a laundry nook and an under cover area for entertaining.
According Island Homes Real Estate principal Russell Jackson there is even “plenty of room for the cows to graze under the shady trees”.
116 TREASURE ISLAND AVENUE, KARRAGARRA ISLAND
Price: Offers over $269 000
Block size: 769 sqm
Distance to Brisbane: 61 km
According to T. Barclay Real Estate (Macleay Island) agent Gina McMillan this is a unique property situated on the southern side of “this peaceful island paradise”.
“This is a large lowset open plan home with lots of living space and two bedrooms and two bathrooms,” she says in her description of the property.
“Originally designed so that two families could come and stay in separate living spaces, it could be easily turned into dual living.
“The home has a full length deck along the front, perfect for the Sunday afternoon barbecue.
“Perched on the edge of the bay and approximately one kilometre from the jetty, this is a prime location on this quiet island.”