If you compare the increase in value of investment property in Ermington, 2115 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -17.60%.
Ermington,2115 has offered an average of -17.60% return per annum in house price rises to property investors over the last three years.
LACK OF BUYER INTEREST may well be the reason that Ermington is offering property investors an average of -7.34. This rate of discount on properties puts Suburb at number 47th in terms of most discounted suburbs in NSW
The NSW suburb of Ermington, 2115 is in the Parramatta (C) local government area.
Ermington has had a pretty average year for property investment returns compared to the rest of NSW, giving investors a capital gain of -6.01% to date .
If we look at median property appreciation over just the last three months, Ermington has given property investors a paper return of -3.57%. This puts Suburb as 382 on a list of fastest fasting appreciating suburbs in NSW
Ermington2115 is located in NSW which offers an average discount of -6.91% to property investors. Ermington itself is showing figures that indicate -11.26% is the average achievable by property buyers investing in the suburb.
Often selling an investment property can take time, and in Ermington the average time real estate has been on the market is 120.9 days.
With the median price for a house in Ermington being $742495 and the advertised rent reaching $540 the gross rental yield for property investors calculates out to be 3.78%