Chidiac Realty is active as Russell Lea real estate agents and property managers. You can view properties we have for sale and rent in that area. If you own property or are seeking investment property in Russell Lea, contact us to talk about property management Sydney and other ways we can assist you. Our team stays close to the ground with trends and opportunities so we’re well informed about the area.
Russell Lea is an inner-western suburb of Sydney. It is located 8 kilometres west of the Sydney CBD in the local government area of the City of Canada Bay. The suburb is situated on the west bank of Iron Cove on the Parramatta River.
Getting there and getting around
The area is well serviced by various bus routes including the 490, 502 and 504 routes of the Sydney Buses Network. The closest ferry wharf is Drummoyne Wharf which is just over 2 kilometres away. It is about a 15 minute ferry trip from there to Darling Harbour.
Lifestyle and population
Russell Lea is a small residential suburb with tree lined streets and some lovely waterfront homes. There are small shopping strips located on Lyons Road and Hampden Road. The closest parks are Campbell Park, Lysaght Park and Russell Park – both of these two are located on Five Dock Bay. The area is known for its vibrant Italian population.
The population of Russell Lea is just under 5,000 people. About 70% of Russell Lea residents were born in Australia. Significant other countries of birth include Italy (8.9%), England (3.1%) and Greece (1.9%). The highest percentage household demographic is couples with children at more than 48%. Couples without children represent about 24%, sole occupancy households 12.4%, and single parent households about 4.7%.
Property trends and opportunities
About 39% of Russell Lea residents own their home outright. Approximately 24% of residents are renting, with just under 34% in the process of purchasing.
Median House Price $1,500,000
Median House Rental Price $805 pw
Average House time on market 53 days
Median Unit Price $845,000
Median Unit Rental Price $500 pw
Average Unit time on market 36 days
*Note: Data accurate at time of update. Last update – June 2013