Investment property in Elanora has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 3.77%
When looking at the potential capital gains offered to property investors over the last 3 years, Elanora comes in at number 192th in QLD.
The most recent median price for Elanora is $716000, with sellers offering an average of -5.16% off the asking price.
Often selling an investment property can take time, and in Elanora the average time real estate has been on the market is 45.0303 days.
Renters in Suburb are facing rents around $33280 per annum or $640 every week.
Over the last year, property investments in Elanora, 4221 have given investors a capital gain of -4.94%. This compares badly with the 0.65% for QLD as a whole.
The five-year average increase in median property values for Elanora,4221 has given property investors a potential capital gain of 30.00% across each of those five years.
Property investors looking for a bargain in Elanora should be aiming for at least -3.92% off the asking price, which is the average vendor discount being achieved at the moment.
A $490 per week rent on the median house gives suburb investors a gross yield of circa 6.53%, without taking into account capital value appreciation, which has been averaging out at 2.03%.