NSW has seen average median house prices change by 6.87% which means that Eastlakes, 2018 has done well for property investors by showing a capital gain of 26.72% over the last year
A 78.18% growth in median value for property investors in Eastlakes,2018 puts this suburb at number 133th in terms of best performing suburbs in NSW
A $690 per week rent on the median house gives suburb investors a gross yield of circa 2.44%, without taking into account capital value appreciation, which has been averaging out at 8.99%.
Eastlakes is an average performer in NSW when comparing median price capital growth over the last year. Eastlakes gave property investors a average capital gain figure when compared to the rest of the state, with 3.80%.
When looking at the potential capital gains offered to property investors over the last 3 years, Eastlakes comes in at number 187th in NSW.
At number 320th of NSW’s most discounted properties, Eastlakes is in the TOP 40% of the state/territory when listing in order of most discounted to least.
Often selling an investment property can take time, and in Eastlakes the average time real estate has been on the market is 57.64 days.
The NSW suburb of Eastlakes, 2018 is in the Botany Bay local government area.
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.