How’s the Island Market?
It’s the most common question we get asked – and now more than ever. Over the last 90 days, here is what we are seeing with activity – and a list of our sales since the first of May.
- Buyers are cautious and taking longer to make decisions
- Some owners are having to adjust their pricing and marketing
- Once buyers see fair value, they will make offers – especially in mid-range price points for land and houses
- Some buyers have missed out because they would not increase their offer and another buyer came in later with a better offer
- Buyers and sellers are being more “business minded” in their decisions
- With all “the noise” – commentary from experts, government decisions, overseas factors, Reserve Bank decisions – knowing who to listen to is a challenge.
Our results – last 90 days (1 May – 31 July 2026)
Number of properties sold – 13
Average days on market – 29
Properties Sold Island Sale Price Days
15 Wyena Ave Lamb $85,000 59
3 Darling St Russell $106,000 12
20 Oaklea St Russell $125,000 44
34 Vista St Russell $145,000 4
40 Vista St Russell $175,000 6
13 Wilma Cres Russell $175,000 1
44 Stradbroke Dr Russell $418,000 57
6 Glenfield Rd Russell $420,000 65
140 Kate St Macleay $430,000 1
5 Mountain View Russell $440,000 5
128 Palm Beach Rd Russell $750,000 112
56-58 Lucas Dr Lamb $880,000 8
42 Carissa St Russell $1,450,000 3
Total $5,599,000 377
Average $430,692 29
Land Medium $135,000
House Medium $440,000
Selling an Island Property, call Chris McGregor today 0420 555 997
