Investment property in Ellis Lane has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 39.67%
The five-year average increase in median property values for Ellis Lane,2570 has given property investors a potential capital gain of 68.52% across each of those five years.
State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.24% offered to property buyers. Sellers in Ellis Lane itself are offering an average vendor discount of -2.36% to real estate investors.
At number 1007 in a list of fastest selling suburbs, Ellis Lane is in the bottom 20% of suburbs in Australia with an average of days on market 104.2 for properties listed there.