If you compare the increase in value of investment property in Erskineville, 2043 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 14.31%.
Taking the average capital gain, or increase in median house value, Erskineville,2043 has racked up an average of 14.31% over the period. This ranks it number 874th in the whole country for real estate investors looking at median house price increases.
Erskineville, 2043 is offering NSW ‘s 192th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this NSW.
In the last year 67 properties changed hands in Erskineville, which puts it as the 498th most active market in NSW when comparing the number of sales per suburb.
Erskineville, 2043’s gross rental yield is 2.94%
Investment property in Erskineville has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 10.72%
If we look at median property appreciation over just the last three months, Erskineville has given property investors a paper return of 6.17%. This puts Suburb as 78 on a list of fastest fasting appreciating suburbs in NSW
Property buyers and investors in Erskineville 2043 should be seeing an average reduction in asking price of around -3.51% . This means that Erskineville is holding prices well when compared to other suburbs in NSW.
Using the current median advertised rental of $640 and the average annual increase in value of a median property of 7.95%, investors should hope to achieve an overall return of 4.12%