Russell Lea, NSW 2046: Suburb Profile & Property Report

Market Report

House report
Unit Report

Russell Lea has 81 houses available for sale. The median property price for a house is currently $3,080,000 with annual capital growth of 16.84% . There were 67 house sales in the past 12 months. On average, houses spend 39 days on market.

If you're thinking about buying an investment property in Russell Lea, consider that rental yields for houses are currently 1.92% with an average median rent of $1,015 weekly. Houses have seen -2.84% growth in the past quarter, and 16.84% growth in the past 12 months.

The size of Russell Lea is approximately 1 square kilometres. It has 6 parks covering nearly 1% of total area. The population of Russell Lea in 2011 was 4,779 people. By 2016 the population was 4,983 showing a population growth of 4.3% in the area during that time. The predominant age group in Russell Lea is 40-49 years.

Households in Russell Lea are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Russell Lea work in a professional occupation. In 2011, 72.3% of the homes in Russell Lea were owner-occupied compared with 72.2% in 2016.

Russell Lea has 25 units available for sale. The median property price for a unit is currently $1,300,000 with annual capital growth of 33.33% . There were 28 unit sales in the past 12 months. On average, units spend 30 days on market.

If you're thinking about buying an investment property in Russell Lea, consider that rental yields for units are currently 3.41% with an average median rent of $680 weekly. Units have seen 0.00% growth in the past quarter, and 33.33% growth in the past 12 months.

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Key Market Data	House	Unit
Median price	$3,080,000	$1,300,000
Quarterly growth	-2.84%	0.00%
12-month growth	+16.84%	+33.33%
Average annual growth	+11.33%	+9.86%
Weekly median rent	$1,015	$680
Gross rental yield	1.92%	3.41%
Number of Sales (12m)	67	28
Avg. Days on Market (12m)	39	30

Jump to Market Trends

Key Demographics	2011	2016
Total population	4,779	4,983
Population change (5y)	-5.68%	+4.30%
Median household income (p/w)	$1,825	$2,121
Household income change (5y)	+21.10%	+16.22%
Median age of persons	39	42

Jump to Demographics Trends

Market Trends

Houses

Units

The Median Sale Price in Russell Lea is $3,080,000 for houses and $1,300,000 for units.

The Median Growth in Russell Lea over the past 12 months is 16.84% for houses and 33.33% for units.

Over the past 12 months there were 67 houses sold and 28 units sold in Russell Lea. On average, houses spent 39 days on market and units spent 30 days on market.

In the past 12 months up to July 2024 there were 67 houses sold and 28 units sold in Russell Lea. On average, houses spent 39 days on market and units spent 30 days on market.

1 Year 5 Years 10 Years

Houses

Units

The Median Rent in Russell Lea is $1,015 for houses and $680 for units.

The Rental Yield in Russell Lea is 1.92% for houses and 3.41% for units.

1 Year 5 Years 10 Years

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Demographic Trends

Better understand demographic trends by reviewing the latest suburb demographic data below.

Age groups Country of Birth Religious Affiliation Household Income Occupations Education Level Qualification Level

The population of Russell Lea was 4,983 in 2016, a +4.30% change compared to 2011.

The predominant age group in Russell Lea is 40-49 years.

The population of Russell Lea was 4,983 in 2016, a +4.30% change compared to 2011.

The predominant age group in Russell Lea is 30-39 years.

Most of the population in Russell Lea were born in Australia.

Most of the population in Russell Lea report their religion as Catholic.

Most of the population in Russell Lea report their income range as $182,000 .

The median household income in Russell Lea was $2,121 in 2016, a +16.22% change compared to 2011.

Most of the population in Russell Lea report their income range as between $130,000 and $182,000 .

The median household income in Russell Lea was $1,825 in 2011, a +21.10% change compared to 2006.

Most of the population in Russell Lea work as Professional.

The chart below demonstrates the various levels of education in Russell Lea.

Most of the population in Russell Lea reached a qualification level of Bachelor.

2011 2016

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This publication contains data and statistics provided by the Australian Bureau of Statistics, available at http://www.abs.gov.au/ and reproduced under Creative Commons Attribution 2.5 http://creativecommons.org/licenses/by/2.5/au/legalcode.

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Contains property sales information provided under licence from the Valuer General New South Wales. RP Data Pty Ltd trading as CoreLogic Asia Pacific is authorised as a Property Sales Information provider by the Valuer General New South Wales.

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