Elermore Vale has had a pretty average year for property investment returns compared to the rest of NSW, giving investors a capital gain of 9.84% to date .
Taking the average capital gain, or increase in median house value, Elermore Vale,2287 has racked up an average of 9.84% over the period. This ranks it number 1795th in the whole country for real estate investors looking at median house price increases.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Elermore Vale, 2287. Typically our figures indicate that -4.30% is being offered, which puts this NSW suburb at 2833th most discounted overall in Australia.
Often selling an investment property can take time, and in Elermore Vale the average time real estate has been on the market is 49.66 days.
Elermore Vale is 406th on a list of best yielding suburbs for rents in NSW with a 4.02% return
If you compare the increase in value of investment property in Elermore Vale, 2287 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 10.23%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Elermore Vale has increased when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in Elermore Vale are currently offering property investors an average price cut of -2.60% below the asking price at the moment.
Renters in Suburb are facing rents around $4380 per annum or $365 every week.