If you are after good cheap building blocks you have come to the right place, Russell Island. Our local real estate agents have land for sale starting from $55,000 and averaging around $60,000. South East Queensland is booming. Population in the South East is expected to increase by at least 1 million people in the next 20 years and land for development is diminishing fast. Russell Island is a small community with a population of between 2500 and 3000 people and growing. The Island is located between redland bay and North Stradbroke Island (about 20 mins from Redland Bay by the fast ferry service). This site contains various blocks of land for sale and a selection of houses for sale by our local real estate agent.