Suburb Profile Report for Russell Lea NSW (2046)

Russell Lea House: Median price $2,322,500, Annual capital growth 11.68%, Number of sales 56, Weekly median advertised rent $860

Russell Lea Unit: Median price $842,000, Annual capital growth 7.35%, Number of sales 20, Weekly median advertised rent $535

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

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Russell Lea, 2046 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 31.77%.

Russell Lea,2046 was ranked 39 in Australia by increase in median property value over the quarter.

LACK OF BUYER INTEREST may well be the reason that Russell Lea is offering property investors an average of -5.35. This rate of discount on properties puts Suburb at number 55th in terms of most discounted suburbs in NSW

Often selling an investment property can take time, and in Russell Lea the average time real estate has been on the market is 56.57 days.

Situated 6.16km from the CBD, Russell Lea is one of Canada Bay localities in the postcode 2046.

With a capital gain of 3.63% for the last 12 months, Russell Lea, 2046 has performed for property investments than its average annual 7.35% property growth over the last 5 years.

Russell Lea,2046 has offered an average of 3.63% return per annum in house price rises to property investors over the last three 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 1366th most discounted overall in Australia.

On average over the past year, suburb has had 1.67 sales per month, which equates to 20 per year.

Property investors should expect to get $535 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$2,322,500 $842,000
21.85% 6.65%
31.77% 3.63%
11.68% 7.35%
$860 $535
56 20
1.93% 3.30%
56.57 39

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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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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