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% growth over a ten-year period. It ranks 1535th on our list of suburbs that property investors should look into.
ELERMORE VALE, 2287 in NSW belongs to the local government area of Newcastle.
ELERMORE VALE, 2287 has a capital gain of 9% for the past year, which is higher than average compared to its 43.75% growth within a five-year period.
With the median home price in ELERMORE VALE sitting at $575,000, and the average rent at $430, property owners could potentially earn a 3.89% 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.
A steady increase in median property prices over a five-year period in ELERMORE VALE, 2287 translates to a 30.78% capital gain.
Property investors enjoyed capital gains of 4.63% over the last 12 months in ELERMORE VALE, translating to lower returns compared with its peers in NSW.
ELERMORE VALE, 2287 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $418,500.
Profits due to an upward trend in home prices in ELERMORE VALE, 2287 averaged 10.26% per annum over a 3-year period.
Home owners selling their properties and realtors in ELERMORE VALE usually have to wait an average of 47.8 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $387.5 mark, reflecting a 4.81% increase in returns based on the current median price in ELERMORE VALE.
ELERMORE VALE, 2287 places 281st in Australia based on median property value growth during the quarter.