NSW has seen average median house prices change by 8.99% which means that Erskineville, 2043 has done well for property investors by showing a capital gain of 8.70% over the last year
Taking the average capital gain, or increase in median house value, Erskineville,2043 has racked up an average of 8.70% over the period. This ranks it number 716th in the whole country for real estate investors looking at median house price increases.
At number 1221th 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.
On average over the past year, suburb has had 5.17 sales per month, which equates to 62 per year.
With the median price for a house in Erskineville being $1187500 and the advertised rent reaching $770 the gross rental yield for property investors calculates out to be 3.37%
Erskineville is an average performer in NSW when comparing median price capital growth over the last year. Erskineville gave property investors a average capital gain figure when compared to the rest of the state, with 6.16%.
If we look at median property appreciation over just the last three months, Erskineville has given property investors a paper return of 7.27%. This puts Suburb as 34 on a list of fastest fasting appreciating suburbs in NSW
LACK OF BUYER INTEREST may well be the reason that Erskineville is offering property investors an average of -4.45. This rate of discount on properties puts Suburb at number 172th in terms of most discounted suburbs in NSW
Property investors should expect to get $600 weekly from the median priced house in this suburb.