With a capital gain of 26.72% for the last 12 months, Eastlakes, 2018 has performed for property investments than its average annual 8.97% property growth over the last 5 years.
A 79.27% growth in median value for property investors in Eastlakes,2018 puts this suburb at number 112th in terms of best performing suburbs in NSW
On average over the past year, suburb has had 1.75 sales per month, which equates to 21 per year.
The NSW suburb of Eastlakes, 2018 is in the Botany Bay local government area.
Giving property investors a a stable capital gain of 5.00% for the last year, Eastlakes, 2018 is the 696th highest performer in Australia in this respect.
Over the longer term, Eastlakes has seen property prices show investors a 39.01% return over the last 3 years. This is worse than over the last 12 months
Vendor discounting in Eastlakes is giving property investors an average Vendor Discount of around -4.44%. This puts suburb at number 215th in NSW when ranking the most discounted suburbs.
Southern Sydney suburb Eastlakes scores well as a good all-round investment prospect. Units are affordable for Sydney, and it compares very favourably to neighbours Mascot and Rosebery.
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Southern Sydney suburb Eastlakes scores well as a good all-round investment prospect. Units are affordable for Sydney and it compares very favourably to neighbours Mascot and Rosebery.
The CBD is easily accessible via a 6km drive up Southern Cross Drive or a quick train journey along the airport line, and the airport itself is only one or two stops away. Amenity-wise, the suburb is home to the Eastlakes Shopping Centre and two golf courses.
Rental potential is excellent, with decent yields and low monthly vacancy rates. The price differential between Eastlakes and its closest neighbours also suggests there’s scope for more capital growth. There’s also scope to add value: two-thirds of properties in the suburb are units and are mainly low-rise brick complexes constructed over 20 years ago – providing plenty of renovation opportunities.
Nick Kastellorios, sales manager at local agent MGM Properties recommends Longworth Avenue and Evans Avenue, which border Eastlakes Reserve, as the choice streets.