Property value increases in Ermington have tracked just higher than the NSW average of 7.47% over the last 12 months.
Ermington,2115 was ranked 892 in Australia by increase in median property value over the quarter.
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 Ermington itself are offering an average vendor discount of -6.56% to real estate investors.
Ermington, 2115’s gross rental yield is 2.14%
Investment property in Ermington has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -8.00%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Ermington has increased when compared to the 5 year average annual rate.
Sellers are offering property buyers an average discount of -2.37% to buyers in Ermington at the moment, which is less than average for the rest of NSW.
Often selling an investment property can take time, and in Ermington the average time real estate has been on the market is 70.86 days.
Situated 4.73km from the CBD, Ermington is one of Parramatta localities in the postcode 2115.