Question 1

Is Russell Vale a nice place to live?

Accepted Answer

Russell Vale sits at the foothills of the Illawarra Escarpment as a compact, quietly residential northern Wollongong suburb where established streets meet pockets of bushland. There are local parks and direct access to escarpment walking tracks, while the coast and Wollongong's services are close by. Housing is largely modest single-storey weatherboard and brick homes, with some newer townhouses and units near the main roads. The suburb tends to attract families and commuters who value a peaceful base with good transport links via the Princes Highway and the South Coast rail corridor.

Home to 1,593 people with a median age of 39, Russell Vale is strongly family-oriented and mostly owner-occupied (78.4%), with a typical household income of about $1,715 a week. Wollongong City Council includes the suburb in its infrastructure program, with local road works and resurfacing, ongoing allocations for the Vale Golf Course and replacement of pro shop amenities, and a council notice proposing a new licence for the community hall with submissions invited. Whether that mix suits you depends on what you want from a suburb.

Question 2

Is it expensive to live in Russell Vale?

Accepted Answer

A house renting for about $855 a week in Russell Vale would take roughly half of a typical local household's weekly income as recorded at the most recent Census, about 49.9% (855 / 1,715 ? 49.9%). On these figures, rent would be a large share of a typical local household's income, so if you're renting rather than buying that rent share is the number that matters when you compare housing costs to local incomes at the last Census.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Russell Vale a good place to invest?

Accepted Answer

Over the past 12 months house values in Russell Vale rose a solid 7.0%, while the rent a house earns edged up 1.8% over the same period. On these figures the capital growth side of a house has been the stronger performer this year compared with rental income.

Whether that balance fits your objectives and cashflow needs is for you to weigh up.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	N/A	N/A
Change in value Past 12 months	7.0%	N/A
Sold Past 3 months	8	1
Median days on market Past 12 months	19	N/A
Average rent Past 12 months	$855	N/A
Change in rent Past 12 months	1.8%	N/A

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