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%
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