Ermington has had a pretty average year for property investment returns compared to the rest of NSW, giving investors a capital gain of 10.62% to date .
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Ermington has increased when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in Ermington are currently offering property investors an average price cut of -7.15% below the asking price at the moment.
On average over the past year, suburb has had 11.67 sales per month, which equates to 140 per year.
Investment property in Ermington has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -6.91%
The five-year average increase in median property values for Ermington,2115 has given property investors a potential capital gain of 35.22% across each of those five years.
On average over the past year, suburb has had 8.00 sales per month, which equates to 96 per year.
Advertised rents are around the $580 mark per week – giving a return of 4.07% based on the median price in Suburb