All Suburbs

Russell Lea

NSW 2046LGA: City of Canada Bay

Investment Score

78

/100

AI Intelligence Summary

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.

Strengths

  • Prime Inner West location with excellent connectivity to Sydney CBD
  • Strong family-oriented community with quality schools and childcare facilities
  • Predominantly detached housing on generous land parcels
  • Established infrastructure with tree-lined streets and well-maintained amenities

Opportunities

  • Potential for medium-density development in appropriate locations
  • Growing cycling infrastructure connecting to broader Inner West network
  • Increasing demand from downsizers seeking quality established areas
  • Future transport improvements through Sydney Metro expansion plans

Considerations

  • Limited direct rail access requiring bus connections or travel to nearby stations
  • High property prices making entry challenging for first-time buyers
  • Limited apartment stock restricting housing diversity
  • Traffic congestion during peak hours on major arterial roads

Property Market

Median House

$1.85M

+8.5% 1yr

Median Unit

$950K

+6.8% 1yr

Median Townhouse

$1.45M

Rent (House)

$1,150/wk

Rent (Unit)

$750/wk

Days on Market

38

Vacancy Rate

1.8%

Auction Clearance

78.0%

Price Growth

Type1 Year3 Year5 Year
House+8.5%+24.2%+42.8%
Unit+6.8%+18.5%+35.2%

Rental Yields

House Yield

3.2%

Unit Yield

4.1%

Townhouse Yield

3.5%

Investment Scorecard

Overall Investment Score78/100
Growth Potential82/100
Cashflow Score68/100
Risk Score (lower = safer)72/100
Affordability Index45/100

Demand/Supply Ratio: 1.80

Demand exceeds supply — favourable for sellers

Tax & Financial Intelligence

CPA-grade analysis for Russell Lea at median house price

Standard transfer
$84,140
First Home Buyer
$84,140
Foreign buyer surcharge
$148,000

+8% surcharge

Annual rent income
$59,800

$1150/wk

Interest (80% LVR @ 6.5%)
-$96,200
Other expenses (~2.5%)
-$46,250
Net rental position
-$82,650

Negatively geared

Tax benefit (39% MTR)
+$32,234

Reduces taxable income

After-tax holding cost
$50,417/yr

~$970/week

Based on 8.6% p.a. growth (from 5-year trend), 50% CGT discount, 39% MTR

5-Year Hold

Est. value
$2.79M
Capital gain
$846,075
After discount
$423,037
CGT payable
$164,985

10-Year Hold

Est. value
$4.21M
Capital gain
$2.26M
After discount
$1.13M
CGT payable
$441,210

Investor Quick Summary

Entry cost (stamp duty)

$84,140

After-tax yield

1.95%

Weekly holding cost

$970/wk

10yr CGT (est.)

$441,210

Estimates based on FY2025 NSW rates at median house price. Assumes 80% LVR, 6.5% interest rate, 39% marginal tax rate ($135K-$190K bracket). Individual circumstances vary. This is general information only and not personal financial advice. Consult your CPA before making investment decisions. Local Knowledge Pty Ltd — Registered Tax Agent.

Demographics

Population

2,850

Median Age

38

Median Income

$95K

per annum

Family Households

68.0%

Professionals

52.0%

University Educated

48.0%

Unemployment

3.2%

Born Overseas

38.0%

Dwelling Mix

Houses: 78%Units: 15%Townhouses: 7%Total: 1,150

Lifestyle & Community

Walkability72/100
Public Transport6/10
Schools Rating8/10
Safety8/10
Family Friendly9/10
Cafes & Restaurants

15

Parks

8

Hospitals

1

Distance to CBD

12.0 km

Nearest Station: Concord West Station

Family-oriented lifestyle with excellent schools, parks, recreational facilities, and easy access to shopping and dining in nearby Concord and Drummoyne. The community enjoys a balance of suburban tranquility with urban convenience.

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Data sourced from multiple sources. Last updated 29 March 2026.

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