Suburb Profile Report for Russell Lea NSW (2046)

Russell Lea House: Median price $1,845,000, Annual capital growth 8.34%, Number of sales 54, Weekly median advertised rent $800

Russell Lea Unit: Median price $796,000, Annual capital growth 7.00%, Number of sales 23, Weekly median advertised rent $530

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Russell Lea have tracked just higher than the NSW average of 6.38% over the last 12 months.

While Russell Lea,2046 ranked number 293th in NSW for increase in median house value (annualised) increase, it is ranked 171th over the last 5 years.

Russell Lea, 2046 is offering NSW ‘s 345th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this NSW.

Residents and property investors in Russell Lea have been waiting around 51.86 days to sell a property.

Russell Lea is 1094th on a list of best yielding suburbs for rents in NSW with a 2.25% return

Property investors who have had real estate in Russell Lea, 2046 should be relatively unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -4.38%

Over the longer term, Russell Lea has seen property prices show investors a 28.91% return over the last 3 years. This is worse than over the last 12 months

At number 376th of NSW’s most discounted properties, Russell Lea is in the TOP 20% of the state/territory when listing in order of most discounted to least.

Residents and property investors in Russell Lea have been waiting around 41.71 days to sell a property.

Property investors should expect to get $530 weekly from the median priced house in this suburb.

HOUSE UNIT
$1,845,000 $796,000
4.68% -3.52%
9.37% -4.38%
8.34% 7.00%
$800 $530
54 23
2.25% 3.46%
51.86 41.71

Source: CoreLogic

DSR Score for property investment : 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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