Elermore Vale has had a A very good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 9.55% to date .
Comparing Elermore Vale,2287 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Elermore Vale2287 is located in NSW which offers an average discount of -6.45% to property investors. Elermore Vale itself is showing figures that indicate -4.46% is the average achievable by property buyers investing in the suburb.
Using the current median advertised rental of $440 and the average annual increase in value of a median property of 5.42%, investors should hope to achieve an overall return of 3.80%
If you compare the increase in value of investment property in Elermore Vale, 2287 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -8.27%.
When looking at the potential capital gains offered to property investors over the last 3 years, Elermore Vale comes in at number 398th in NSW.
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.92% offered to property buyers. Sellers in Elermore Vale itself are offering an average vendor discount of -7.26% to real estate investors.
In the last year 33 properties changed hands in Elermore Vale, which puts it as the 335th most active market in NSW when comparing the number of sales per suburb.
Using the current median advertised rental of $380 and the average annual increase in value of a median property of 7.36%, investors should hope to achieve an overall return of 5.07%
The home of Macquarie College, a top private co-ed school in Newcastle, Elermore Vale is a suburb on the western outskirts of NewcastleFull summary
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Houses sell quickly
Median house price: $582,500
Three-year growth: 26.6%
Rental yield: 3.8%
The home of Macquarie College, a top private co-ed school in Newcastle, Elermore Vale is a suburb on the western outskirts of Newcastle.
It sits on the fringes of Newcastle in the west. Prior to its development, the land was used by farmers for cattle and chicken rearing. By the 1960s, however, amenities had been constructed, giving residents access to facilities like a community centre, which hosts workshops and classes. The suburb is home to the Viking Aquatic and Fitness Centre, along with sports fields and parks.
While popular with families, the suburb also caters to retirees. The median house price has settled in at $582,500 after values increased by 8.4% in the August 2017-2018 period. This continues a fairly strong positive trend that has been observed since 2013. Demand is evident in how houses are only on the market for an average of 47 days.Close