Suburb Profile Report for Russell Lea NSW (2046)

Russell Lea House: Median price $2,350,000, Annual capital growth 11.84%, Number of sales 55, Weekly median advertised rent $855

Russell Lea Unit: Median price $896,000, Annual capital growth 7.11%, Number of sales 18, Weekly median advertised rent $535

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

Source: CoreLogic

  • House Report
  • Unit Report

NSW has seen average median house prices change by 10.13% which means that Russell Lea, 2046 has done well for property investors by showing a capital gain of 33.33% over the last year

A 121.49% growth in median value for property investors in Russell Lea,2046 puts this suburb at number 318th in terms of best performing suburbs in NSW

Property investors looking for a bargain in Russell Lea should be aiming for at least -19.83% off the asking price, which is the average vendor discount being achieved at the moment.

Property investors should expect to get $855 weekly from the median priced house in this suburb.

Property investors who have had real estate in Russell Lea, 2046 should be relatively pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 11.93%

Comparing Russell Lea,2046 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Sellers are offering property buyers an average discount of -2.86% to buyers in Russell Lea at the moment, which is less than average for the rest of NSW.

At number 146 in a list of fastest selling suburbs, Russell Lea is in the TOP 10% of suburbs in Australia with an average of days on market 39.5 for properties listed there.

Property investors should expect to get $535 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$2,350,000 $896,000
5.57% 6.67%
33.33% 11.93%
11.84% 7.11%
$855 $535
55 18
1.89% 3.10%
54.26 39.5

Source: CoreLogic

DSR Score for property investment : Good (U), Very 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