Property value increases in Elermore Vale have tracked higher than the NSW average of 2.31% over the last 12 months.
Across a shorter period, Elermore Vale, 2287 has seen a median price increase of 3.33% over the last quarter.
LACK OF BUYER INTEREST may well be the reason that Elermore Vale is offering property investors an average of -7.17. This rate of discount on properties puts Suburb at number 557th in terms of most discounted suburbs in NSW
Elermore Vale, 2287’s gross rental yield is 3.78%
Elermore Vale, 2287 ranked 510th in NSW when comparing growth in median property values or capital gain over the last 12 months. Elermore Vale is one of 3163 in our list for NSW
If we look at median property appreciation over just the last three months, Elermore Vale has given property investors a paper return of -6.17%. This puts Suburb as 579 on a list of fastest fasting appreciating suburbs in NSW
Vendor discounting in Elermore Vale is giving property investors an average Vendor Discount of around -5.50%. This puts suburb at number 271th in NSW when ranking the most discounted suburbs.
The NSW suburb of Elermore Vale, 2287 is in the Newcastle (C) local government area.
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