Demand For Homes Stays High In 1 State While The Rest Fall Back
Rising interest rates have eased demand from potential buyers, which has been reflected in the slowing of home price gro...
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 11.81% growth over a ten-year period. It ranks 3810th 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 (A).
RUSSELL LEA, 2046 has a capital gain of 49.68% for the past year, which is higher than average compared to its 58.71% growth within a five-year period.
With the median home price in RUSSELL LEA sitting at $2,960,000, and the average rent at $887.5, property owners could potentially earn a 1.56% 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 49.68% increase in median property prices in RUSSELL LEA, 2046 has allowed this suburb to join the ranks of best performing suburbs in NSW, settling at number 83rd.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||49.68%||6.11%|
|Median 3 years||55.79%||59.31%|
|Median 5 years||58.71%||47.51%|
|10 years average annual||11.81%||7.52%|
|Weekly media advert. rent||$887.5||$490|
|Time on Market||48.1 days||0.0 days|
|Gross Rental Yield Percent||1.56%||2.21%|