With a capital gain of -20.21% for the last 12 months, Russell Lea, 2046 has performed for property investments than its average annual 8.66% property growth over the last 5 years.
If we look at median property appreciation over just the last three months, Russell Lea has given property investors a paper return of -6.95%. This puts Suburb as 1455 on a list of fastest fasting appreciating suburbs in NSW
On average over the past year, suburb has had 6.17 sales per month, which equates to 74 per year.
Situated 6.19km from the CBD, Russell Lea is one of Canada Bay (A) localities in the postcode 2046.
Property investors who have had real estate in Russell Lea, 2046 should be 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 -15.67%
Russell Lea,2046 has offered an average of -15.67% return per annum in house price rises to property investors over the last three years.
A $550 per week rent on the median house gives suburb investors a gross yield of circa 3.68%, without taking into account capital value appreciation, which has been averaging out at 4.72%.
Just 8km from the Sydney CBD, Russell Lea sits on the western banks of the Parramatta RiverFull summary
Information supplied by:
Commuter-friendly suburb boasts low vacancies
Median house price: $2,365,000
Vacancy rate: 1.1%
Three-year growth: 78.8%
Just 8km from the Sydney CBD, Russell Lea sits on the western banks of the Parramatta River.
This inner-west locale is your classic quiet, tree-lined suburb, populated by a mix of Federation-style homes and luxurious waterfront pads. Its proximity to the city makes it popular with commuters, and sees it attract more than double the visits per property than the NSW average.
Both houses and units have continue to perform strongly, with houses gaining 10.9% over the past twelve months to $2.365 million, and units now sitting at a median of $857,000, up 7.1% this year.
Landlords are enjoying the 1.1% vacancy rate, and can expect to charge $850 per week for houses, and $550 per week for units – which is perhaps why units take, on average, just 32 days to sell when put on the market.Close