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.