Suburb Profile Report for Russell Lea NSW (2046)

Russell Lea House: Median price $2,150,000, Annual capital growth 9.52%, Number of sales 55, Weekly median advertised rent $850

Russell Lea Unit: Median price $870,000, Annual capital growth 5.37%, Number of sales 16, Weekly median advertised rent $560

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Giving property investors a a poor capital gain of -7.53% for the last year, Russell Lea, 2046 is the 3821th highest performer in Australia in this respect.

Russell Lea,2046 was ranked 3844 in Australia by increase in median property value over the quarter.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Russell Lea, 2046. Typically our figures indicate that -6.04% is being offered, which puts this NSW suburb at 1575th most discounted overall in Australia.

In the last year 55 properties changed hands in Russell Lea, which puts it as the 582th most active market in NSW when comparing the number of sales per suburb.

Using the current median advertised rental of $850 and the average annual increase in value of a median property of 9.52%, investors should hope to achieve an overall return of 2.06%

Giving property investors a an average capital gain of 3.33% for the last year, Russell Lea, 2046 is the 848th highest performer in Australia in this respect.

A 45.00% growth in median value for property investors in Russell Lea,2046 puts this suburb at number 354th in terms of best performing suburbs in NSW

Using the current median advertised rental of $560 and the average annual increase in value of a median property of 5.37%, investors should hope to achieve an overall return of 3.35%

Information supplied by:


December 2017

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Just 8km from the Sydney CBD, Russell Lea sits on the western banks of the Parramatta RiverFull summary

Commuter-friendly suburb boasts low vacancies

Postcode: 2046

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
Metrics i HOUSE UNIT
$2,150,000 $870,000
-5.70% -1.14%
-7.53% 3.33%
9.52% 5.37%
$850 $560
55 16
2.06% 3.35%
54.68 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (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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Recent sales & rentals