Competition from FHBs not expected until late 2019
First-home buyers are expected to return to the market by the end of 2019, meaning property investors could have less-than-expected competit...
Property investors enjoyed capital gains of 19.64% 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 6.53% growth over a ten-year period. It ranks 1137th on our list of suburbs that property investors should look into.
ERINA, 2250 has a capital gain of 19.64% for the past year, which is higher than average compared to its 92.18% growth within a five-year period.
With the median home price in ERINA sitting at $903,250, and the average rent at $550, property owners could potentially earn a 3.17% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in ERINA are low, as opposed to average gains per annum over the past five years.
ERINA, 2250 in NSW belongs to the local government area of Gosford.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $903,250 | $530,000 |
| GROWTH REPORT | ||
| Median Quarterly | 2.06% | 12.77% |
| Median 12 month | 19.64% | 18.44% |
| Median 3 years | 45.69% | 36.69% |
| Median 5 years | 92.18% | 41.33% |
| 10 years average annual | 6.53% | 7.72% |
| Weekly media advert. rent | $550 | $390 |
| Time on Market | 45.9 days | 0.0 days |
| Gross Rental Yield Percent | 3.17% | 3.83% |
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