Thinking about buying in Russells Bridge? Now could not be a better time, with just 35 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $2,303,000 with prices in this suburb ranging from $2,242,000 to $2,427,000. The aproximate distance to the coast is 16 Km.
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Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. Incomes in Russells Bridge are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. A mix of professions and above average income earners in Russells Bridge provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Lower than average population density constrains growth in Russells Bridge to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. With very low industrial sector presence in Russells Bridge the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
451 RUSSELLS BRIDGE RD, RUSSELLS BRIDGE, VIC, 3331 | 4 | 2 | 8 | $2,990,000 - $3,190,000 |
None within suburb boundary
(While the above schools are located with the suburb of Russells Bridge there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 1.1 | 12.7 | 27.4 | 35.0 | 90.8 | 3.7 | 26.1 |
Feb | 4.8 | 12.9 | 26.3 | 39.5 | 91.6 | 3.4 | 20.8 |
Mar | 1.2 | 11.6 | 23.9 | 42.2 | 91.2 | 3.4 | 15.9 |
Apr | 1.3 | 9.3 | 19.8 | 48.9 | 94.1 | 3.3 | 11.8 |
May | 1.1 | 7.5 | 16.0 | 57.5 | 93.9 | 3.8 | 8.9 |
Jun | 1.6 | 5.2 | 13.0 | 65.7 | 95.5 | 3.6 | 7.4 |
Jul | 1.4 | 5.4 | 12.4 | 62.4 | 92.0 | 4.5 | 7.6 |
Aug | 1.2 | 5.0 | 13.0 | 59.4 | 93.1 | 3.9 | 9.7 |
Sept | 1.6 | 6.6 | 16.2 | 53.4 | 94.9 | 4.0 | 14.2 |
Oct | 1.8 | 7.3 | 18.7 | 49.9 | 96.2 | 3.8 | 19.6 |
Nov | 1.6 | 8.9 | 21.5 | 44.6 | 95.0 | 3.5 | 22.4 |
Dec | 1.0 | 10.6 | 25.0 | 37.6 | 93.4 | 3.7 | 25.8 |
source: Australian Government Bureau of Meteorology
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