Over the last year, property investments in Ermington, 2115 have given investors a capital gain of 11.06%. This compares favourably with the 6.87% for NSW as a whole.
When looking at the potential capital gains offered to property investors over the last 3 years, Ermington comes in at number 138th in NSW.
Property investors looking for a bargain in Ermington should be aiming for at least -7.45% off the asking price, which is the average vendor discount being achieved at the moment.
At number 1762 in a list of fastest selling suburbs, Ermington is just in the top half of suburbs in Australia with an average of days on market 79.06 for properties listed there.
Property investors should expect to get $527.5 weekly from the median priced house in this suburb.
NSW has seen average median house prices change by 5.41% which means that Ermington, 2115 has done well for property investors by showing a capital gain of -4.30% over the last year
Over the longer term, Ermington has seen property prices show investors a 23.83% return over the last 3 years. This is worse than over the last 12 months
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.42% offered to property buyers. Sellers in Ermington itself are offering an average vendor discount of -2.49% to real estate investors.
A $560 per week rent on the median house gives suburb investors a gross yield of circa 3.85%, without taking into account capital value appreciation, which has been averaging out at 7.35%.