Macleay Island
Macleay Island
has an approximate area of 6.47km² and an estimated population
of 3,500 residence. (2,572 residents in the 2011 Census).
It also incorporates Perulpa Island, which could be described
as a small peninsular connected via a causeway on the islands
northeast.
As at July 2013,
Macleay and Perulpa had 3,493 properties issued with valuations
by the Department of Natural Resources and Mines. Of these
approximately 1,623 have private dwellings constructed upon
them. This has increased markedly since then.
Macleay Island
has a variety of country types, from coastal Eucalypt forest
with rich red volcanic soils to wallum forest and melaleuca
wetlands. The island is fringed with mangrove forest and tidal
mudflats that provide a rich ecosystem for both invertebrate
and vertebrate fauna. The fishing and crabbing can be spectacular.
The island has many hidden sandy beaches on its' fringes.
With advancements in communication and information technology,
increasingly people are choosing places like Macleay Island
to live and work from home.
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In line with other
locations, Macleay Island real estate took a hit during the
Global Financial Crisis of 2008, bottoming out in mid-2011.
Values remained fairly level, but in that time the Southern
Moreton Bay Islands, including Macleay, saw a significant
increase in both building activity and population. More and
more people were starting to realize the benefits of Island
life and Redland City Council were finally starting to pump
money into much needed infrastructure.
Now finally the
Banking sector are making investment into the Southern Bay
Islands a little more realistic with less stringent loan to
valuation ratios. Since the last quarter of 2020 we have seen
a marked increase in value for the better situated real estate
on Macleay Island. Where else in South East Queensland can
you buy a block of residential land for under $70,000. And
if you are clever and have a $40,000 deposit, you can then
build a house of your own design for under $240,000 in total.
After it is all finished, painted, landscaped with concrete
paths, a driveway, fenced etc, if you wanted to go travelling,
you could potentially rent it for $260 per week. It makes
good positive sense to me and is a great way for young people
to get into the market.
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