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Russells Bridge, VIC 3331
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$935,000
market range $900K-$1.9M
Median Unit
$480,000
Gross Yield (units)
4.5%
1yr Growth
-
Investment snapshot for Russells Bridge
Russells Bridge has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Russells Bridge market and investor summary
Russells Bridge (VIC 3331) runs a median house price of $935K. At 0.7% vacancy, it is a tight rental market that favours landlords.
Rental demand looks steady, with vacancy at 0.7% and a resident base that is not shrinking.
Living in Russells Bridge: people, income and schools
Russells Bridge has a resident population of roughly 70, and the area has been growing steadily, up about 11% over five years. The median age is 52, an older, established demographic, and families account for 79% of households.
Households here earn a median of about $70,000 a year, or roughly $1,340 a week. On socio-economic measures it ranks comfortably above the national middle (7 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 13.4 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 20% over five years, which tends to underpin what local buyers can pay.
There are 2 schools within about 5km, testing close to the national school average on ICSEA. It is roughly 72 km from the CBD.
- Population
- 70
- +11% over 5yr
- Median age
- 52 years
- Median household income
- $70,000/yr
- Households renting
- 12%
- Family households
- 79%
- Socio-economic rank
- 7/10
- ABS advantage index
- Schools within 5km
- 2
- avg ICSEA 1008
- Unemployment
- 2.5%
- Distance to CBD
- 72 km
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Russells Bridge
No properties currently listed in Russells Bridge
Search Russells Bridge listings →Frequently asked questions about Russells Bridge
What should I check before investing in Russells Bridge?
Russells Bridge has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.5% gives a usable rent-to-price starting point. Tight rental market (0.7% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Russells Bridge?
The median property price in Russells Bridge, VIC 3331 is $935K for houses and $480K for units.
What rental yield does Russells Bridge show?
The gross rental yield in Russells Bridge is 4.5% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
How tight is the rental market in Russells Bridge?
The current vacancy rate in Russells Bridge is 0.7%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Russells Bridge?
Russells Bridge has a population of approximately 70 residents, with a median age of 52.
What schools are near Russells Bridge?
There are 2 schools within roughly 5km of Russells Bridge. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Russells Bridge affordable to buy in?
A median house in Russells Bridge costs about 13.4 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Russells Bridge's population growing?
The population of Russells Bridge has grown about 11% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Russells Bridge from the CBD?
Russells Bridge is about 72 km from the CBD.
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