NSW has seen average median house prices change by 10.55% which means that Erskineville, 2043 has done well for property investors by showing a capital gain of 21.25% over the last year
Erskineville,2043 was ranked 1152 in Australia by increase in median property value over the quarter.
The most recent median price for Erskineville is $1455000, with sellers offering an average of -7.42% off the asking price.
Erskineville, 2043’s gross rental yield is 2.68%
At number 678th in the list of Australian suburbs ordered by increase in median house value over the last year, Erskineville, 2043 is in the top 40% with a property value increase of 6.30% recorded in median house prices.
Erskineville,2043 was ranked 518 in Australia by increase in median property value over the quarter.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.12% offered to property buyers. Sellers in Erskineville itself are offering an average vendor discount of -3.23% to real estate investors.
In the last year 152 properties changed hands in Erskineville, which puts it as the 102th most active market in NSW when comparing the number of sales per suburb.
A $640 per week rent on the median house gives suburb investors a gross yield of circa 3.83%, without taking into account capital value appreciation, which has been averaging out at 7.66%.