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Median values are calculated based on data over a 12 month period.
Data is provided by CoreLogic. CoreLogic is a leading provider of consumer, financial and property information, analytics and services to business and government. About this data
Median values are calculated based on data over a 12 month period.
Data is provided by CoreLogic. CoreLogic is a leading provider of consumer, financial and property information, analytics and services to business and government. About this data
Market Report
In Russell Lea, the median property price for a house is currently 3,185,000 with annual capital growth of 19.47 . There were 68 house sales in the past 12 months. On average, houses spend 37 days on market.
If you're thinking about buying an investment property in Russell Lea, consider that rental yields for houses are currently 1.94 with an average median rent of 990 weekly. Houses have seen 2.74 growth in the past quarter, and 19.47 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.
In Russell Lea, the median property price for a unit is currently 1,294,000 with annual capital growth of 32.72 . There were 32 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 3.29 with an average median rent of 690 weekly. Units have seen -0.46 growth in the past quarter, and 32.72 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.
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| Key Market Data | House | Unit |
| Median price | 3,185,000 | 1,294,000 |
| Quarterly growth | +2.74 | -0.46 |
| 12-month growth | +19.47 | +32.72 |
| Average annual growth | +13.38 | +8.51 |
| Weekly median rent | 990 | 690 |
| Gross rental yield | 1.94 | 3.29 |
| Number of Sales (12m) | 68 | 32 |
| Avg. Days on Market (12m) | 37 | 30 |
| 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 |
Demographic Trends
Better understand demographic trends by reviewing the latest suburb demographic data below.
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 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 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.
Most of the population in Russell Lea work as Professional.
The chart below demonstrates the various levels of education in Russell Lea.
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.
Most of the population in Russell Lea reached a qualification level of Bachelor.
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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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