True Cost of Buying in Russell Lea

2046 NSW · 12km to CBD

Stable

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.

Prime Inner West location with excellent connectivity to Sydney CBDStrong family-oriented community with quality schools and childcare facilitiesPredominantly detached housing on generous land parcelsEstablished infrastructure with tree-lined streets and well-maintained amenitiesProximity to major shopping and entertainment precincts in Concord and Drummoyne

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

$5,846/mo

Purchase Price

$950,000

Stamp Duty

$37,280

1st Year Total

$70,148

House

$10,551/mo

Purchase Price

$1,850,000

Stamp Duty

$84,160

1st Year Total

$126,610

Townhouse

$8,174/mo

Purchase Price

$1,450,000

Stamp Duty

$62,160

1st Year Total

$98,084

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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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