Property investors who have had real estate in Erskineville, 2043 should be ok with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 8.21%
Over the longer term, Erskineville has seen property prices show investors a 42.16% return over the last 3 years. This is worse than over the last 12 months
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Erskineville, 2043. Typically our figures indicate that -2.47% is being offered, which puts this NSW suburb at 3606th most discounted overall in Australia.
A $755 per week rent on the median house gives suburb investors a gross yield of circa 2.71%, without taking into account capital value appreciation, which has been averaging out at 8.98%.
Erskineville, 2043 ranked 329th in NSW when comparing growth in median property values or capital gain over the last 12 months. Erskineville is one of 3163 in our list for NSW
A 55.36% growth in median value for property investors in Erskineville,2043 puts this suburb at number 146th in terms of best performing suburbs in NSW
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.27% offered to property buyers. Sellers in Erskineville itself are offering an average vendor discount of -5.37% to real estate investors.
Residents and property investors in Erskineville have been waiting around 47.75 days to sell a property.
Renters in Suburb are facing rents around $7800 per annum or $650 every week.