Property value increases in Eastlakes have tracked higher than the NSW average of 6.38% over the last 12 months.
Across a shorter period, Eastlakes, 2018 has seen a median price increase of 6.33% over the last quarter.
Property investors looking for a bargain in Eastlakes should be aiming for at least -3.39% off the asking price, which is the average vendor discount being achieved at the moment.
Property investors who have had real estate in Eastlakes, 2018 should be ok with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 2.68%
While Eastlakes,2018 ranked number 234th in NSW for increase in median house value (annualised) increase, it is ranked 229th over the last 5 years.
At number 364th of NSW’s most discounted properties, Eastlakes is in the TOP 30% of the state/territory when listing in order of most discounted to least.
Eastlakes is 300th on a list of best yielding suburbs for rents in NSW with a 4.07% 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.