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%