Elanora has had a pretty average year for property investment returns compared to the rest of QLD, giving investors a capital gain of -0.22% to date .
Over the longer term, Elanora has seen property prices show investors a 11.87% return over the last 3 years. This is worse than over the last 12 months
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Elanora, 4221. Typically our figures indicate that -5.58% is being offered, which puts this QLD suburb at 2351th most discounted overall in Australia.
Property investors should expect to get $620 weekly from the median priced house in this suburb.
If you compare the increase in value of investment property in Elanora, 4221 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this QLD suburb was 0.00%.
Over the longer term, Elanora has seen property prices show investors a 9.44% return over the last 3 years. This is worse than over the last 12 months
Property buyers and investors in Elanora 4221 should be seeing an average reduction in asking price of around -3.42% . This means that Elanora is holding prices well when compared to other suburbs in QLD.
With the median price for a house in Elanora being $400000 and the advertised rent reaching $450 the gross rental yield for property investors calculates out to be 5.85%