True Cost of Buying in Russell Lea
2046 NSW · 12km to CBD
A decision, not just a search · Russell Lea
Does the lower estimated monthly cost make a property the better buy?
Only under the assumptions entered—and cost is not the whole decision. This model compares scenarios, not lender approval, building condition or personal suitability. Replace defaults with current quotes and documents, then test whether the cost remains manageable when circumstances change.
Questions that could change the answer
- Which costs are current supplied figures, and which are model defaults?
- What happens to your buffer if interest, repairs or vacancy costs rise?
- What finance, contract or inspection condition remains unresolved before an offer?
Evidence to obtain—not yet verified here
- Current lender terms and approval conditions, not only a borrowing estimate.
- Dated levy notices, rates, insurance quotes and maintenance information.
- Contract advice, inspection findings and comparable sales evidence.
Other options: Lower the price limit, compare another property or wait for critical checks. A favourable model result is not a recommendation to make an unconditional offer.
Next action: Re-run the existing calculator with documented inputs, then agree your conditions and walk-away point with the relevant professionals.
When to revisit: Revisit when any input, approval condition, price or property finding changes.
General decision guidance—not a property assessment, personal recommendation or verified client result. Dates on surrounding market content apply to that content, not to checks on your property.
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Market Intelligence
Russell Lea is a highly sought-after residential suburb in Sydney's Inner West, located 12km from the CBD in the City of Canada Bay. This family-oriented community is characterized by predominantly detached housing on generous blocks, tree-lined streets, and a strong sense of community. The suburb attracts young families and professionals seeking proximity to the city while maintaining a suburban lifestyle. With excellent schools including Russell Lea Public School, proximity to Concord and Drummoyne shopping precincts, and access to quality parks and recreational facilities, Russell Lea offers an enviable lifestyle balance. The property market has shown consistent growth over the past five years, driven by limited supply and strong demand from families. While lacking direct rail access, the suburb is well-serviced by bus routes and benefits from its strategic location between major employment hubs. The community is ethnically diverse with significant Italian and Greek heritage, contributing to a rich cultural atmosphere. Recent infrastructure improvements and planned transport enhancements position Russell Lea for continued growth and desirability in the competitive Inner West market.
Market Snapshot
Median House
$1.9M
+8.5% 1yr
Median Apartment
$950K
+6.8% 1yr
Median Townhouse
$1.4M
Vacancy Rate
1.8%
38 avg DOM
Yield (Apartment)
4.1%
Yield (House)
3.2%
Auction Clearance
78%
Population
2,850
True Cost Breakdown
Based on median prices · 20% deposit · 6.5% interest · 30-year term · Owner-occupier
Apartment
Purchase Price
$950,000
Stamp Duty
$37,280
1st Year Total
$70,148
House
Purchase Price
$1,850,000
Stamp Duty
$84,160
1st Year Total
$126,610
Townhouse
Purchase Price
$1,450,000
Stamp Duty
$62,160
1st Year Total
$98,084
Run Your Own Numbers
These are median figures. Plug in the actual property you're looking at to see your real all-in cost — including first-home concessions, investment deductions, or different deposit amounts.
Community Profile
Median Income
$95,000
Median Age
38
Family Households
68%
Owner-Occupied
72%
Walkability
72/100
Public Transport
6/10
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