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Mount Russell
NSW, 2360 - Inverell

Thinking about buying in Mount Russell? Now could not be a better time, with just 72 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $900,000 with prices in this suburb ranging from $88,000 to $1,662,000. The aproximate distance to the coast is 216 Km.

Household Makeup

Median Weekly Rent $250.00
Median Monthly Mortgage $1495.00
Median Persons Per Bedroom 0.70
Average Household Size 3.00
Average Age 46.00
Average Income $692.00
Average Cars Per Dwelling 2.52
Average Properties Within 50M 1

Housing Stock

Average Property Prices

2 Bed  $917,000
3 Bed  $904,000
4 Bed  $893,000
5 Bed  $917,000

Mount Russell Real Estate Market Outlook

In Mount Russell there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Mount Russell is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. Low average earnings from people in Mount Russell leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. With very low industrial sector presence in Mount Russell 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.


Local Schools

None within suburb boundary

(While the above schools are located with the suburb of Mount Russell there may also be nearby schools whose catchments cover this suburb)

Local Crime Rate

Incidents Trend State Average

We are currently collecting information for this location.

Mount Russell weather - Average Local Climate by month

(mm)
RAIN
Min (°C)
TEMP
Max (°C)
TEMP
Min (%)
HUMIDITY
Max (%)
HUMIDITY
(m/sec)
WIND
(MJ/sq m)
SOLAR
Jan3.117.730.837.686.63.125.0
Feb3.016.429.538.088.62.823.2
Mar3.115.628.636.688.32.718.4
Apr1.611.323.938.988.42.616.4
May1.37.119.542.291.82.312.8
Jun1.55.416.944.492.42.410.8
Jul1.63.415.939.692.52.412.2
Aug1.44.218.131.986.12.614.9
Sept1.87.420.436.988.32.818.3
Oct2.911.124.434.987.42.822.0
Nov2.813.927.832.281.63.026.0
Dec4.215.22744.691.42.824.6

source: Australian Government Bureau of Meteorology


Recently Sold Properties / House Prices

11-10-2024 $1,750,000 245 BURTS LANE
02-05-2024 $831,000 725 ROB ROY RD
19-12-2022 $525,000 812 MOUNT RUSSELL RD
10-05-2021 $550,000 1036 ROB ROY RD
18-03-2021 $515,000 725 ROB ROY RD
05-03-2021 $1,175,000 1023 MOUNT RUSSELL RD
01-02-2021 $640,000 959 OAKWOOD RD
15-12-2020 $400,000 310 BURTS LANE
16-06-2020 $65,000 636 MOUNT RUSSELL RD
22-05-2020 $1,000,000 711 MOUNT RUSSELL RD
21-03-2019 $188,000 8 CASTLE ST
15-02-2019 $890,000 40 HILLS LANE
08-11-2018 $685,000 4 CASTLE ST
03-09-2018 $700,000 198 MORELMA RD
28-08-2018 $770,000 347 MOUNT RUSSELL RD
27-07-2018 $275,000 561 MOUNT RUSSELL RD
10-05-2018 $725,000 248 MOUNT RUSSELL RD
09-05-2018 $900,000 47 BURTS LANE
10-04-2018 $570,000 52 ROSELEA RD
02-02-2018 $875,000 805 MOUNT RUSSELL RD
23-06-2017 $830,000 711 MOUNT RUSSELL RD
02-06-2017 $60,000 1442 OAKWOOD RD
31-03-2017 $545,000 962 OAKWOOD RD
11-11-2016 $750,000 805 MOUNT RUSSELL RD
18-10-2016 $198,500 812 MOUNT RUSSELL RD
01-07-2016 $330,000 725 ROB ROY RD
01-12-2015 $410,000 4 CASTLE ST
01-10-2015 $740,000 40 HILLS LANE
13-08-2015 $522,000 52 ROSELEA RD
18-06-2015 $220,000 485 MOUNT RUSSELL RD
19-04-2013 $190,000 15 CASTLE ST
12-07-2012 $615,000 711 MOUNT RUSSELL RD
22-12-2011 $200,000 8 GUNNEE RD
04-11-2011 $150,000 8 CASTLE ST
10-06-2010 $475,000 52 ROSELEA RD
28-05-2009 $405,000 88 BURTS LANE
10-05-2007 $232,000 561 MOUNT RUSSELL RD
27-04-2007 $615,000 40 HILLS LANE
09-10-2006 $115,000 812 MOUNT RUSSELL RD
21-04-2006 $300,000 248 MAHERS LANE
29-10-2004 $128,000 15 CASTLE ST

Internet Speed

Download 25 Mbps / Upload 5 Mbps

Nearby Suburbs

Little PlainRob RoyOakwoodCherry Tree HillGum FlatDelungraGraginInverellWanderaAuburn Vale


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