LAMB Island
ABOUT LAMB
Lamb Island is a small red clay island of approximately 1.13km². It 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. Needless to say the fishing and crabbing can be good. It has a permanent population of approximately 600 (427 residents in the 2011 census)
As at 2021, Lamb Island had 673 properties issued with valuations by the Department of Natural Resources and Mines. Of these approximately 368 had private dwellings constructed upon them. The permanent population is estimated at 700 (504 in the 2021 census)
With advancements in communication and information technology, people are increasingly choosing places like Lamb Island to live and work from home.
In line with other locations, Lamb 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 Lamb, 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, including Lamb Island, 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. Where else in South East Queensland can you buy a block of residential land for under $70,000. If you 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 over $260 per week. It makes good positive sense and is a great way for young people to get into the property market.