NSW has seen average median house prices change by 6.87% which means that Elanora Heights, 2101 has done well for property investors by showing a capital gain of 11.11% over the last year
If we look at median property appreciation over just the last three months, Elanora Heights has given property investors a paper return of 3.81%. This puts Suburb as 449 on a list of fastest fasting appreciating suburbs in NSW
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.49% offered to property buyers. Sellers in Elanora Heights itself are offering an average vendor discount of -3.35% to real estate investors.
Often selling an investment property can take time, and in Elanora Heights the average time real estate has been on the market is 30.65 days.
With the median price for a house in Elanora Heights being $1500000 and the advertised rent reaching $900 the gross rental yield for property investors calculates out to be 3.12%