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Eastlakes
AREA REPORTS

Eastlakes

Eastlakes - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2018

unit

A steady increase in median property prices over a five-year period in EASTLAKES, 2018 translates to a -7.01% capital gain.

Property investors enjoyed capital gains of 0.08% over the last 12 months in EASTLAKES, translating to lower returns compared with its peers in NSW.

EASTLAKES, 2018 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $590,500.

Profits due to an downward trend in home prices in EASTLAKES, 2018 averaged -2.34% per annum over a 3-year period.

Home owners selling their properties and realtors in EASTLAKES usually have to wait an average of 49.1 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $400 mark, reflecting a 3.52% increase in returns based on the current median price in EASTLAKES.

EASTLAKES, 2018 places 338th in Australia based on median property value growth during the quarter.

Data report can be found below

Eastlakes
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price N/A $590,500
GROWTH REPORT
Median Quarterly N/A -2.4%
Median 12 month N/A 0.08%
Median 3 years N/A -7.01%
Median 5 years N/A 4.51%
10 years average annual N/A 5%
Weekly media advert. rent N/A $400
Time on Market N/A 49.1 days
Gross Rental Yield Percent N/A 3.52%
demographics (median values)*
Total Population
17028
Weekly Household Income
1500
Household Size
2.50
Age
34
Monthly Loan Repayment
2167
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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