Suburb Profile Report for Russell Lea NSW (2046)

Russell Lea House: Median price $2,350,000, Annual capital growth 11.79%, Number of sales 61, Weekly median advertised rent $850

Russell Lea Unit: Median price $860,000, Annual capital growth 7.32%, Number of sales 21, Weekly median advertised rent $545

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

Source: CoreLogic

  • House Report
  • Unit Report

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 33.33%

If we look at median property appreciation over just the last three months, Russell Lea has given property investors a paper return of 1.08%. This puts Suburb as 877 on a list of fastest fasting appreciating suburbs in NSW

Sellers are offering property buyers an average discount of -19.83% to buyers in Russell Lea at the moment, which is less than average for the rest of NSW.

Russell Lea has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 4.24% to date .

If we look at median property appreciation over just the last three months, Russell Lea has given property investors a paper return of 2.14%. This puts Suburb as 226 on a list of fastest fasting appreciating suburbs in NSW

Our latest figures would indicate that property sellers in Russell Lea are currently offering property investors an average price cut of -2.74% below the asking price at the moment.

Advertised rents are around the $545 mark per week – giving a return of 3.30% based on the median price in Suburb

Metrics i HOUSE UNIT
$2,350,000 $860,000
1.08% 2.14%
33.33% 4.24%
11.79% 7.32%
$850 $545
61 21
1.88% 3.30%
53.72 30.93

Source: CoreLogic

DSR Score for property investment : Very 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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