Giving property investors a an unimpressive capital gain of 0.58% for the last year, Erskine, 6210 is the 2758th highest performer in Australia in this respect.
Taking the average capital gain, or increase in median house value, Erskine,6210 has racked up an average of 0.58% over the period. This ranks it number 3128th in the whole country for real estate investors looking at median house price increases.
Sellers are offering property buyers an average discount of -6.68% to buyers in Erskine at the moment, which is less than average for the rest of WA.
A $355 per week rent on the median house gives suburb investors a gross yield of circa 4.27%, without taking into account capital value appreciation, which has been averaging out at 0.54%.
At number 1515th in the list of Australian suburbs ordered by increase in median house value over the last year, Erskine, 6210 is in the BOTTOM 20% with a property value increase of -7.79% recorded in median house prices.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Erskine has fallen somewhat when compared to the 5 year average annual rate.
Property investors looking for a bargain in Erskine should be aiming for at least -5.66% off the asking price, which is the average vendor discount being achieved at the moment.
Renters in Suburb are facing rents around $4200 per annum or $350 every week.