Suburb Profile Report for Russell Lea NSW (2046)

Russell Lea House: Median price $1,870,000, Annual capital growth 8.40%, Number of sales 54, Weekly median advertised rent $850

Russell Lea Unit: Median price $783,000, Annual capital growth 6.67%, Number of sales 20, Weekly median advertised rent $525

  • 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 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.

Metrics i HOUSE UNIT
$1,870,000 $783,000
0.81% -1.63%
9.29% -5.95%
8.40% 6.67%
$850 $525
54 20
2.36% 3.49%
53.26 38.91

Source: CoreLogic

DSR Score for property investment : Above average (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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Recent sales & rentals