If you compare the increase in value of investment property in Russell Lea, 2046 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 9.29%.
The five-year average increase in median property values for Russell Lea,2046 has given property investors a potential capital gain of 75.34% across each of those five years.
LACK OF BUYER INTEREST may well be the reason that Russell Lea is offering property investors an average of -5.49. This rate of discount on properties puts Suburb at number 133th in terms of most discounted suburbs in NSW
Residents and property investors in Russell Lea have been waiting around 53.26 days to sell a property.
Renters in Suburb are facing rents around $10200 per annum or $850 every week.
Over the last year, property investments in Russell Lea, 2046 have given investors a capital gain of -5.95%. This compares very badly with the 5.73% for NSW as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Russell Lea has increased when compared to the 5 year average annual rate.
Property buyers and investors in Russell Lea 2046 should be seeing an average reduction in asking price of around -2.41% . This means that Russell Lea is holding prices well when compared to other 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 38.91 days.
Renters in Suburb are facing rents around $6300 per annum or $525 every week.