NSW has seen average median house prices change by -0.66% which means that Elermore Vale, 2287 has not done well for property investors by showing a capital gain of 5.31% over the last year
A 32.22% growth in median value for property investors in Elermore Vale,2287 puts this suburb at number 722th in terms of best performing suburbs in NSW
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.00% offered to property buyers. Sellers in Elermore Vale itself are offering an average vendor discount of -5.74% to real estate investors.
Residents and property investors in Elermore Vale have been waiting around 56.3673 days to sell a property.
The NSW suburb of Elermore Vale, 2287 is in the Newcastle (C) local government area.
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 -14.13%.
When looking at the potential capital gains offered to property investors over the last 3 years, Elermore Vale comes in at number 444th in NSW.
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.52% offered to property buyers. Sellers in Elermore Vale itself are offering an average vendor discount of -6.51% to real estate investors.
On average over the past year, suburb has had 2.58 sales per month, which equates to 31 per year.
Renters in Suburb are facing rents around $19760 per annum or $380 every week.
Information supplied by:
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.