Investment property in Eastlakes has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 22.20%
Eastlakes,2018 has offered an average of 22.20% return per annum in house price rises to property investors over the last three years.
Situated 6.88km from the CBD, Eastlakes is one of Botany Bay localities in the postcode 2018.
Eastlakes has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 8.77% to date .
The five-year average increase in median property values for Eastlakes,2018 has given property investors a potential capital gain of 61.04% across each of those five years.
LACK OF BUYER INTEREST may well be the reason that Eastlakes is offering property investors an average of -4.23. This rate of discount on properties puts Suburb at number 217th in terms of most discounted suburbs in NSW
Renters in Suburb are facing rents around $5640 per annum or $470 every week.
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.