Elermore Vale is in the bottom 10% in NSW when comparing median price capital growth over the last year. Elermore Vale gave property investors a dismal capital gain figure when compared to the rest of the state, with -7.84%.
Across a shorter period, Elermore Vale, 2287 has seen a median price increase of -2.08% over the last quarter.
LACK OF BUYER INTEREST may well be the reason that Elermore Vale is offering property investors an average of -5.49. This rate of discount on properties puts Suburb at number 699th in terms of most discounted suburbs in NSW
Situated 111.07km from the CBD, Elermore Vale is one of Newcastle localities in the postcode 2287.
At number 1389th in the list of Australian suburbs ordered by increase in median house value over the last year, Elermore Vale, 2287 is in the BOTTOM 30% with a property value increase of -4.37% recorded in median house prices.
The five-year average increase in median property values for Elermore Vale,2287 has given property investors a potential capital gain of 22.81% across each of those five years.
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 -3.01% is being offered, which puts this NSW suburb at 1314th most discounted overall in Australia.
A $350 per week rent on the median house gives suburb investors a gross yield of circa 5.20%, without taking into account capital value appreciation, which has been averaging out at 3.90%.