Giving property investors a a solid capital gain of 34.36% for the last year, Eastlakes, 2018 is the 60th highest performer in Australia in this respect.
Eastlakes,2018 was ranked 60 in Australia by increase in median property value over the quarter.
Giving property investors a a stable capital gain of 11.70% for the last year, Eastlakes, 2018 is the 409th highest performer in Australia in this respect.
If we look at median property appreciation over just the last three months, Eastlakes has given property investors a paper return of 1.61%. This puts Suburb as 267 on a list of fastest fasting appreciating suburbs in NSW
The most recent median price for Eastlakes is $630000, with sellers offering an average of -3.97% off the asking price.
Eastlakes is 303th on a list of best yielding suburbs for rents in NSW with a 3.92% return
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.