At number 992th in the list of Australian suburbs ordered by increase in median house value over the last year, Elermore Vale, 2287 is in the top 30% with a property value increase of 14.58% recorded in median house prices.
The five-year average increase in median property values for Elermore Vale,2287 has given property investors a potential capital gain of 41.94% across each of those five years.
Property buyers and investors in Elermore Vale 2287 should be seeing an average reduction in asking price of around -5.83% . This means that Elermore Vale is holding prices well when compared to other suburbs in NSW.
Using the current median advertised rental of $420 and the average annual increase in value of a median property of 5.44%, investors should hope to achieve an overall return of 3.97%
Elermore Vale has had a pretty average year for property investment returns compared to the rest of NSW, giving investors a capital gain of 8.19% to date .
Across a shorter period, Elermore Vale, 2287 has seen a median price increase of -1.56% over the last quarter.
State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.11% offered to property buyers. Sellers in Elermore Vale itself are offering an average vendor discount of -3.79% 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 71.2 days.
A $390 per week rent on the median house gives suburb investors a gross yield of circa 4.88%, without taking into account capital value appreciation, which has been averaging out at 8.82%.