Suburb Profile Report for Russell Lea NSW (2046)

Russell Lea House: Median price $2,050,000, Annual capital growth 9.49%, Number of sales 52, Weekly median advertised rent $850

Russell Lea Unit: Median price $840,000, Annual capital growth 6.92%, Number of sales 23, Weekly median advertised rent $540

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Russell Lea has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 19.19%

If we look at median property appreciation over just the last three months, Russell Lea has given property investors a paper return of 9.63%. This puts Suburb as 99 on a list of fastest fasting appreciating suburbs in NSW

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.49% offered to property buyers. Sellers in Russell Lea itself are offering an average vendor discount of -9.91% to real estate investors.

In the last year 52 properties changed hands in Russell Lea, which puts it as the 627th most active market in NSW when comparing the number of sales per suburb.

Russell Lea is 1126th on a list of best yielding suburbs for rents in NSW with a 2.16% return

NSW has seen average median house prices change by 6.07% which means that Russell Lea, 2046 has done well for property investors by showing a capital gain of 2.44% over the last year

The five-year average increase in median property values for Russell Lea,2046 has given property investors a potential capital gain of 46.34% across each of those five years.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Russell Lea, 2046. Typically our figures indicate that -2.38% is being offered, which puts this NSW suburb at 1407th most discounted overall in Australia.

With the median price for a house in Russell Lea being $840000 and the advertised rent reaching $540 the gross rental yield for property investors calculates out to be 3.34%

Metrics i HOUSE UNIT
$2,050,000 $840,000
9.63% 7.28%
19.19% 2.44%
9.49% 6.92%
$850 $540
52 23
2.16% 3.34%
43.68 36.57

Source: CoreLogic

DSR Score for property investment : Very good (U), Good (H)
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Demographics
Total population 4779
Median household income ($/weekly) 1829
Median age of persons 39
Median housing loan repayment ($/monthly) 3000
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 525 11.0
    25-34 years 607 12.7
    35-44 years 804 16.8
    45-54 years 673 14.1
    55-64 years 528 11.0
    Others 1643 34.4
    Age Group
    Census Count Percent(%)
    Registered Married 1937 52.8
    Not Married 1476 40.2
    Defacto Relationship 258 7.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 3332 72.5
    Hong Kong 89 1.9
    Japan 407 8.9
    United Kingdom 176 3.8
    Other 140 3.0
    Others 454 9.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 57 1.3
    Christianity 3596 80.0
    Islam 41 0.9
    Other Religious Groups 13 0.3
    No Religion 763 17.0
    Others 23 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 141 8.7
    $1,500-$1,999 153 9.5
    $2,500-$2,999 224 13.9
    $3,000-$3,499 143 8.9
    $4,000 or more 145 9.0
    Others 806 50.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1611 42.8
    Not in the labour force 1241 32.9
    Employed, worked part-time 722 19.2
    Employed, away from work 112 3.0
    Unemployed, looking for work 82 2.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 467 19.1
    Professionals 790 32.3
    Technicians & trades workers 215 8.8
    Clerical & administrative workers 397 16.2
    Sales 219 8.9
    Others 360 14.7
    Occupation
    Census Count Percent(%)
    Pre-school 93 8.6
    Infants/Primary 344 31.9
    Secondary 286 26.6
    Technical or Further Educational Institution 76 7.1
    University or other Tertiary Institutions 257 23.9
    Others 21 1.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3547 77.1
    Flat, unit or apartment 642 14.0
    Semi-detached, row or terrace house, townhouse 402 8.7
    House or flat attached to a shop, office 9 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 688 39.5
    Being purchased 604 34.7
    Rented 440 25.2
    Other tenure type 11 0.6
    Tenure Type
Census 2011, ABS
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