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Russell Lea, NSW 2046

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Russell Lea, NSW 2046 located in Sydney to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Russell Lea, NSW 2046”

  1. The total adult population (15 years or older) of Russell Lea 2046 NSW is 4,002, with a median age of 43. Of those, 52.17% are married, 8.92% are divorced or separated, 33.03% are single and 6.05% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $13,024. The median monthly mortgage repayment for households in this suburb is $3,290 which is 25.26% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in NSW, the suburb of Russell Lea 2046 is home to an estimated 2072 households. As we move into Q3 of 2023, the average typical prices for houses in this suburb sit around the $2,932,977 mark. Median weekly rent in the area is at $949, which is relative to a fairly low indicative yield of 1.68%. Despite its high prices, the suburb boasts a high IRSAD score of 1127 out of 1217, indicating a wealthy socio-economic status of its residents.

    The area presents a renter to owner ratio of 37%. Although slightly above the preferred range of 30% and below, the ratio falls short of the questionable 45% mark; suggesting a balanced market that could be of interest to savvy investors prepared to withstand a moderate level of competition against other property investors.

    Furthermore, Russell Lea’s units to houses ratio is 27%, remaining well below the unfavourable threshold of 50%. The area seems to attract long-term tenants due to the predominance of houses over units, potentially lessening competition between landlords.

    However, a consideration for prospective buyers is the high affordability index in Russell Lea. At a whopping 88 years to fully own a property, it is well above the national average and depicts a tricky market for first-time buyers.

    On the supply side, the stock on market Percentage for houses is promisingly low at 0.21%, indicating less competition for sellers. Similarly, the inventory level for houses is a mere 0.75 months, hinting towards a high absorption capacity of the local property market. The building approvals Ratio of 0.49% for houses also suggests a low yet stable supply of new dwellings entering the market.

    Regarding demand metrics for Russell Lea, houses are selling fast on average at just 26 days on the market. Moreover, the area’s fairly neutral combined vacancy rate of 1.84% indicates a balanced market demand. The suburb’s buy search index sits exactly at 5, denoting average online search interest relative to the state or city.

    While some of these metrics fall slightly outside of the preferred ranges for investors, remember that the overall market trend is just as important as these individual numbers. Utilise these numbers in conjunction with tools such as HtAG’s RCS metric, which offers comprehensive analysis using 80+ metrics, to make an informed decision about your property investment in Russell Lea or any other prospective areas. Stay informed and keep an eye on the changing market trends for potential property investment opportunities.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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