With a capital gain of 12.19% for the last 12 months, Erskineville, 2043 has performed for property investments than its average annual 9.48% property growth over the last 5 years.
When looking at the potential capital gains offered to property investors over the last 3 years, Erskineville comes in at number 600th in NSW.
At number 1227th of NSW’s most discounted properties, Erskineville is in the TOP 10% of the state/territory when listing in order of most discounted to least.
Residents and property investors in Erskineville have been waiting around 41 days to sell a property.
Using the current median advertised rental of $760 and the average annual increase in value of a median property of 9.48%, investors should hope to achieve an overall return of 2.91%
If you compare the increase in value of investment property in Erskineville, 2043 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 10.55%.
Erskineville,2043 has offered an average of 10.55% return per annum in house price rises to property investors over the last three years.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.41% offered to property buyers. Sellers in Erskineville itself are offering an average vendor discount of -3.51% to real estate investors.
Renters in Suburb are facing rents around $7680 per annum or $640 every week.