Investment property in Russell Lea has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 0.85%
Across a shorter period, Russell Lea, 2046 has seen a median price increase of -1.54% over the last quarter.
Our latest figures would indicate that property sellers in Russell Lea are currently offering property investors an average price cut of -3.71% below the asking price at the moment.
Often selling an investment property can take time, and in Russell Lea the average time real estate has been on the market is 51.18 days.
The NSW suburb of Russell Lea, 2046 is in the Canada Bay local government area.
Investment property in Russell Lea has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 7.26%
If we look at median property appreciation over just the last three months, Russell Lea has given property investors a paper return of -2.28%. This puts Suburb as 453 on a list of fastest fasting appreciating suburbs in NSW
On average over the past year, suburb has had 1.42 sales per month, which equates to 17 per year.
Renters in Suburb are facing rents around $6810 per annum or $567.5 every week.
Just 8km from the Sydney CBD, Russell Lea sits on the western banks of the Parramatta RiverFull summary
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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