Property value increases in Erskineville have tracked higher than the NSW average of 9.05% over the last 12 months.
The five-year average increase in median property values for Erskineville,2043 has given property investors a potential capital gain of 88.04% across each of those five years.
Our latest figures would indicate that property sellers in Erskineville are currently offering property investors an average price cut of -3.71% below the asking price at the moment.
Property investors who have had real estate in Erskineville, 2043 should be pleased 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 15.92%
If we look at median property appreciation over just the last three months, Erskineville has given property investors a paper return of 12.98%. This puts Suburb as 27 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.
A $630 per week rent on the median house gives suburb investors a gross yield of circa 3.91%, without taking into account capital value appreciation, which has been averaging out at 8.09%.