Russell Lea

POSTAL CODE: NSW, 2046

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Based on its average 5-year and quarterly capital gains RUSSELL LEA, 2046 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that RUSSELL LEA, 2046 obtained a 8.29% growth over a ten-year period. It ranks 1010th on our list of suburbs that property investors should look into.

RUSSELL LEA, 2046 in NSW belongs to the local government area of Canada Bay.

RUSSELL LEA, 2046 has a capital gain of 7.67% for the past year, which is lower than average compared to its 78.28% growth within a five-year period.

With the median home price in RUSSELL LEA sitting at $3,300,000, and the average rent at $1100, property owners could potentially earn a 1.73% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in RUSSELL LEA are low, as opposed to average gains per annum over the past five years.

A steady increase in median property prices over a five-year period in RUSSELL LEA, 2046 translates to a 43.42% capital gain.

Property investors enjoyed capital gains of 5.7% over the last 12 months in RUSSELL LEA, translating to lower returns compared with its peers in NSW.

RUSSELL LEA, 2046 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,362,500.

Profits due to an upward trend in home prices in RUSSELL LEA, 2046 averaged 14.47% per annum over a 3-year period.

Home owners selling their properties and realtors in RUSSELL LEA usually have to wait an average of N/A days before their assets are lifted off the market.

Average weekly rents on listings have reached the $700 mark, reflecting a 2.67% increase in returns based on the current median price in RUSSELL LEA.

RUSSELL LEA, 2046 places 223rd in Australia based on median property value growth during the quarter.

Surburb overview

Russell Lea is a suburb located approximately 8 kilometres west of Sydney's central business district, within the City of Canada Bay's local government area.

According to the 2021 census, Russell Lea has 4,920 residents, with a near-equal gender distribution.

Public transportation in Russell Lea primarily consists of bus services, providing connections to surrounding suburbs and the Sydney CBD. Major roads such as Lyons Road and Hampden Road facilitate access to essential establishments, including nearby Drummoyne and Five Dock shopping centres.

Recreational facilities in Russell Lea include Campbell Park, a large soccer field that houses the Abbotsford Juniors Football Club. The suburb's proximity to Iron Cove offers residents opportunities for waterfront activities and access to the popular Bay Run, a 7-kilometre circuit favoured by walkers, joggers, and cyclists.

The suburb features a mix of architectural styles, including large waterfront homes and traditional federation residences, contributing to its quiet, tree-lined streets.

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