Real estate’s most useless statistic
One of the most useless statistics in real estate for those looking to jump on the property ladder for the first time is the median house pr...
Based on its average 5-year and quarterly capital gains ELERMORE VALE, 2287 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that ELERMORE VALE, 2287 obtained a 5.17% growth over a ten-year period. It ranks 1587th on our list of suburbs that property investors should look into.
ELERMORE VALE, 2287 in NSW belongs to the local government area of Newcastle (C).
ELERMORE VALE, 2287 has a capital gain of -5.17% for the past year, which is lower than average compared to its 27.15% growth within a five-year period.
With the median home price in ELERMORE VALE sitting at $569,000, and the average rent at $440, property owners could potentially earn a 4.02% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in ELERMORE VALE are low, as opposed to average gains per annum over the past five years.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $569,000 | $402,250 |
| GROWTH REPORT | ||
| Median Quarterly | -3.56% | 5.16% |
| Median 12 month | -5.17% | -4.68% |
| Median 3 years | 21.06% | 7.27% |
| Median 5 years | 27.15% | 25.7% |
| 10 years average annual | 5.17% | 6.99% |
| Weekly media advert. rent | $440 | $395 |
| Time on Market | 65.0 days | 63.7 days |
| Gross Rental Yield Percent | 4.02% | 5.11% |
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