Eastlakes is in the TOP 10% in NSW when comparing median price capital growth over the last year. Eastlakes gave property investors a very good capital gain figure when compared to the rest of the state, with 25.93%.
Taking the average capital gain, or increase in median house value, Eastlakes,2018 has racked up an average of 25.93% over the period. This ranks it number 298th in the whole country for real estate investors looking at median house price increases.
Property investors should expect to get $800 weekly from the median priced house in this suburb.
Property value increases in Eastlakes have tracked just higher than the NSW average of 8.39% over the last 12 months.
Eastlakes,2018 was ranked 961 in Australia by increase in median property value over the quarter.
Sellers are offering property buyers an average discount of -3.87% to buyers in Eastlakes at the moment, which is less than average for the rest of NSW.
Often selling an investment property can take time, and in Eastlakes the average time real estate has been on the market is 72.4 days.
Situated 6.42km from the CBD, Eastlakes is one of Botany Bay localities in the postcode 2018.
Southern Sydney suburb Eastlakes scores well as a good all-round investment prospect. Units are affordable for Sydney, and it compares very favourably to neighbours Mascot and Rosebery.
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Southern Sydney suburb Eastlakes scores well as a good all-round investment prospect. Units are affordable for Sydney and it compares very favourably to neighbours Mascot and Rosebery.
The CBD is easily accessible via a 6km drive up Southern Cross Drive or a quick train journey along the airport line, and the airport itself is only one or two stops away. Amenity-wise, the suburb is home to the Eastlakes Shopping Centre and two golf courses.
Rental potential is excellent, with decent yields and low monthly vacancy rates. The price differential between Eastlakes and its closest neighbours also suggests there’s scope for more capital growth. There’s also scope to add value: two-thirds of properties in the suburb are units and are mainly low-rise brick complexes constructed over 20 years ago – providing plenty of renovation opportunities.
Nick Kastellorios, sales manager at local agent MGM Properties recommends Longworth Avenue and Evans Avenue, which border Eastlakes Reserve, as the choice streets.