If you compare the increase in value of investment property in Elermore Vale, 2287 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 17.02%.
When looking at the potential capital gains offered to property investors over the last 3 years, Elermore Vale comes in at number 1023th in NSW.
Vendor discounting in Elermore Vale is giving property investors an average Vendor Discount of around -4.49%. This puts suburb at number 672th in NSW when ranking the most discounted suburbs.
Situated 108.32km from the CBD, Elermore Vale is one of Newcastle localities in the postcode 2287.
Property value increases in Elermore Vale have tracked just higher than the NSW average of 8.63% over the last 12 months.
If we look at median property appreciation over just the last three months, Elermore Vale has given property investors a paper return of 5.57%. This puts Suburb as 96 on a list of fastest fasting appreciating suburbs in NSW
Property investors looking for a bargain in Elermore Vale should be aiming for at least -2.94% off the asking price, which is the average vendor discount being achieved at the moment.
The NSW suburb of Elermore Vale, 2287 is in the Newcastle local government area.