If you compare the increase in value of investment property in Elermore Vale, 2287 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this NSW suburb was 6.61%.
The five-year average increase in median property values for Elermore Vale,2287 has given property investors a potential capital gain of 31.65% across each of those five years.
Property buyers and investors in Elermore Vale 2287 should be seeing an average reduction in asking price of around -4.43% . This means that Elermore Vale is holding prices well when compared to other suburbs in NSW.
Advertised rents are around the $410 mark per week – giving a return of 4.10% based on the median price in Suburb
Elermore Vale is in the bottom 30% in NSW when comparing median price capital growth over the last year. Elermore Vale gave property investors a disappointing capital gain figure when compared to the rest of the state, with -0.28%.
A 42.41% growth in median value for property investors in Elermore Vale,2287 puts this suburb at number 181th in terms of best performing suburbs in NSW
The most recent median price for Elermore Vale is $361000, with sellers offering an average of -2.98% off the asking price.
At number 745 in a list of fastest selling suburbs, Elermore Vale is just in the top half of suburbs in Australia with an average of days on market 75.93 for properties listed there.
Elermore Vale, 2287’s gross rental yield is 5.04%