At number 930th in the list of Australian suburbs ordered by increase in median house value over the last year, Ermington, 2115 is in the top 30% with a property value increase of 12.17% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Ermington,2115 has racked up an average of 12.17% over the period. This ranks it number 130th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Ermington should be aiming for at least -5.25% off the asking price, which is the average vendor discount being achieved at the moment.
Residents and property investors in Ermington have been waiting around 75.34 days to sell a property.
Property investors should expect to get $550 weekly from the median priced house in this suburb.
Ermington is in the bottom 10% in NSW when comparing median price capital growth over the last year. Ermington gave property investors a dismal capital gain figure when compared to the rest of the state, with -6.42%.
Comparing Ermington,2115 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property buyers and investors in Ermington 2115 should be seeing an average reduction in asking price of around -3.20% . This means that Ermington is holding prices well when compared to other suburbs in NSW.
Often selling an investment property can take time, and in Ermington the average time real estate has been on the market is 80.96 days.
Advertised rents are around the $560 mark per week – giving a return of 3.88% based on the median price in Suburb