Russell Lea is a smaller suburb in New South Wales within the Canada Bay local government area (postcode 2046). With a population of 4,920, the suburb has an established demographic with a median age of 43. Households earn a median income of $138K per year, with an average household size of 2.6 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Italian, Australian.
The median house price in Russell Lea is $3.3 million, having grown strongly 7.7% over the past year. Units have a median price of $1.3 million (+1.6% YoY). The current median weekly rent is $868. This gives a gross rental yield of approximately 1.4%. The median monthly mortgage repayment is $3,290.
Russell Lea is served by 1 school, including 1 primary. The average ICSEA score is 1140, which is well above the national average of 1,000. Public transport access includes 15 bus stops. The crime rate in the Canada Bay LGA is below average at 2,018 incidents per 100,000 population.
From an investment perspective, Russell Lea offers a gross rental yield of 1.4%, rated as low yield. Property prices are above the state median ($3.3M/$1.5M), placing it in the premium segment. The price-to-income ratio of 23.9x is considered stretched. House prices have moved +7.7% year-on-year.
Russell Lea is a smaller suburb in New South Wales within the Canada Bay local government area (postcode 2046). With a population of 4,920, the suburb has an established demographic with a median age of 43. Households earn a median income of $138K per year, with an average household size of 2.6 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Italian, Australian.
The median house price in Russell Lea is $3.3 million, having grown strongly 7.7% over the past year. Units have a median price of $1.3 million (+1.6% YoY). The current median weekly rent is $868. This gives a gross rental yield of approximately 1.4%. The median monthly mortgage repayment is $3,290.
Russell Lea is served by 1 school, including 1 primary. The average ICSEA score is 1140, which is well above the national average of 1,000. Public transport access includes 15 bus stops. The crime rate in the Canada Bay LGA is below average at 2,018 incidents per 100,000 population.
From an investment perspective, Russell Lea offers a gross rental yield of 1.4%, rated as low yield. Property prices are above the state median ($3.3M/$1.5M), placing it in the premium segment. The price-to-income ratio of 23.9x is considered stretched. House prices have moved +7.7% year-on-year.