Russell ACT Property Investment

THE MARKET

Median house price in Russell sits at $2,736,063 with 59 days on market and a 0.7% vacancy rate. This is a tight rental market right now.

- **Median house:** $2,736,063 | **Units:** $1,712,811 - **Gross yield:** 1.1% | **Net yield:** -0.4% - **Vacancy:** 0.7% (worsening) | **Rental demand:** Very High - **5yr price growth:** -0.1%/yr | **3yr forecast:** -0.1%/yr - **Days on market:** 59 (worsening)

STR potential: $170/night at 67% occupancy = ~$41,574/yr gross. That's a **33% premium** over long-term rent — but factor in higher management costs and council rules.

BULL CASE

If Russell maintains 3%+ annual growth and vacancy stays below 0.8%, median prices could reach $3,146,472 within 3 years with yields compressing slightly as capital values rise.

BEAR CASE

A market correction or interest rate shock could see prices in Russell pull back 10-15% from $2,736,063, with vacancy rising to 1.3% and rental yields softening as tenants gain leverage.

WHAT TO DO

Russell offers balanced fundamentals but does not present an urgent buying signal. The market is in a correction phase with low vacancy risk. Monitor vacancy trends and price movements over the next 6-12 months. Only enter if a property can be acquired at or below median pricing with yields exceeding 4.0%.

- Entry range: $2,462,457 – $3,009,669 - Minimum yield to target: 4.5% - Watch signal: vacancy staying below 2% and days on market falling below 35

This analysis is for informational purposes only and does not constitute financial, legal, or investment advice. Seek professional advice before making investment decisions.