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Russell Lea Suburb Insights
VICLocation Information
Suburb Name
Russell Lea, VIC
Distance from CBD
22.4 kmDemographics
Population
5,001
Median Income
$47,684
Area Information
Area
1.02 km²
Population Density
4903 people/km²
Property Market
Median Price
$905,615
Annual Growth
+13.4%Property Price Trend Analysis
Current Median Price
$905,615
Annual Growth
+13.4%
Quarterly Growth
+2.6%
Price Trends - Last 6 Months
2024-01
$820,912
+10.4%2024-02
$815,393
+8.4%2024-03
$937,637
+5.3%2024-04
$890,142
+7.7%2024-05
$1,134,700
+15.3%2024-06
$807,050
+14.5%Property Type Price Analysis
House
Median Price
$1,176,340
Growth Rate
+10.3%Available Listings
486 properties
Apartment
Median Price
$571,659
Growth Rate
+16.5%Available Listings
366 properties
Townhouse
Median Price
$427,635
Growth Rate
+14.7%Available Listings
209 properties
Investment Potential Assessment
Investment Advantages
- Annual growth exceeds 8% - excellent performance
- Strong quarterly growth momentum
- Diverse property types available
Considerations
- Rising prices may affect affordability
- Monitor interest rate changes
- Consider long-term investment strategy