Property Market Update: Perth, May 2022
Perth continued to outperform its bigger capital counterparts in May, as the city closed up the autumn season with a sol...
Property investors enjoyed capital gains of 53.23% over the last 12 months in ERINA, translating to lower returns compared with its peers in NSW.
A survey of average capital gains or median home price increase in suburbs across the country shows that the NSW suburb obtained a 10.66% growth over a ten-year period. It ranks 3993rd on our list of suburbs that property investors should look into.
ERINA, 2250 has a capital gain of 53.23% for the past year, which is higher than average compared to its 59.5% growth within a five-year period.
With the median home price in ERINA sitting at $1,268,000, and the average rent at $587.5, property owners could potentially earn a 2.41% increase in gross rental yield.
A 53.23% increase in median property prices in ERINA, 2250 has allowed this suburb to join the ranks of best performing suburbs in NSW, settling at number 58th.
Figures from the previous quarter show that capital gains for real estate buyers in ERINA are high, as opposed to average gains per annum over the past five years.
ERINA, 2250 in NSW belongs to the local government area of Central Coast (C) (NSW).
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||53.23%||N/A|
|Median 3 years||43.28%||3.77%|
|Median 5 years||59.5%||22.22%|
|10 years average annual||10.66%||8.63%|
|Weekly media advert. rent||$587.5||$450|
|Time on Market||29.3 days||34.3 days|
|Gross Rental Yield Percent||2.41%||4.25%|