Russell Vale is a small community in New South Wales within the Wollongong local government area (postcode 2517). With a population of 1,593, the suburb has an established demographic with a median age of 39. Households earn a median income of $89K per year, with an average household size of 2.7 people. The most common occupations are professionals, technicians & trades, managers. The top ancestries reported are English, Australian, Scottish.
The median house price in Russell Vale is $1.4 million, having surged 18.4% over the past year. Units have a median price of $906,000 (+15.4% YoY). The current median weekly rent is $850. This gives a gross rental yield of approximately 3.3%. The median monthly mortgage repayment is $2,167.
Russell Vale is served by 1 school, including 1 primary. The average ICSEA score is 1040, which is around the national average of 1,000. Public transport access includes 5 bus stops. The crime rate in the Wollongong LGA is below average at 3,519 incidents per 100,000 population.
From an investment perspective, Russell Vale offers a gross rental yield of 3.3%, rated as moderate yield. Property prices are near the state median ($1.4M/$1.5M). The price-to-income ratio of 15.1x is considered stretched. House prices have moved +18.4% year-on-year.
Russell Vale is a small community in New South Wales within the Wollongong local government area (postcode 2517). With a population of 1,593, the suburb has an established demographic with a median age of 39. Households earn a median income of $89K per year, with an average household size of 2.7 people. The most common occupations are professionals, technicians & trades, managers. The top ancestries reported are English, Australian, Scottish.
The median house price in Russell Vale is $1.4 million, having surged 18.4% over the past year. Units have a median price of $906,000 (+15.4% YoY). The current median weekly rent is $850. This gives a gross rental yield of approximately 3.3%. The median monthly mortgage repayment is $2,167.
Russell Vale is served by 1 school, including 1 primary. The average ICSEA score is 1040, which is around the national average of 1,000. Public transport access includes 5 bus stops. The crime rate in the Wollongong LGA is below average at 3,519 incidents per 100,000 population.
From an investment perspective, Russell Vale offers a gross rental yield of 3.3%, rated as moderate yield. Property prices are near the state median ($1.4M/$1.5M). The price-to-income ratio of 15.1x is considered stretched. House prices have moved +18.4% year-on-year.