Giving property investors a an average capital gain of -0.43% for the last year, Elermore Vale, 2287 is the 1854th highest performer in Australia in this respect.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Elermore Vale has increased when compared to the 5 year average annual rate.
State is the 2nd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.34% offered to property buyers. Sellers in Elermore Vale itself are offering an average vendor discount of -7.73% to real estate investors.
Often selling an investment property can take time, and in Elermore Vale the average time real estate has been on the market is 60.6038 days.
Using the current median advertised rental of $440 and the average annual increase in value of a median property of 5.52%, investors should hope to achieve an overall return of 3.92%
NSW has seen average median house prices change by -3.83% which means that Elermore Vale, 2287 has not done well for property investors by showing a capital gain of -6.53% over the last year
Elermore Vale,2287 has offered an average of -6.53% return per annum in house price rises to property investors over the last three years.
Elermore Vale2287 is located in NSW which offers an average discount of -6.91% to property investors. Elermore Vale itself is showing figures that indicate -6.34% is the average achievable by property buyers investing in the suburb.
Elermore Vale, 2287’s gross rental yield is 5.20%
Information supplied by:
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.