Elermore Vale

POSTAL CODE: NSW, 2287

HOUSE

UNIT

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 7.14% growth over a ten-year period. It ranks 1827th 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 7.61% for the past year, which is lower than average compared to its 61.86% growth within a five-year period.

With the median home price in ELERMORE VALE sitting at $955,000, and the average rent at $660, property owners could potentially earn a 3.59% 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 9.18% capital gain.

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 $685,125.

Profits due to an upward trend in home prices in ELERMORE VALE, 2287 averaged 3.06% per annum over a 3-year period.

Home owners selling their properties and realtors in ELERMORE VALE usually have to wait an average of 34.4 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $670 mark, reflecting a 5.09% increase in returns based on the current median price in ELERMORE VALE.

ELERMORE VALE, 2287 places 349th in Australia based on median property value growth during the quarter.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$955,000	$685,125
Growth Report
Median Quarterly	0.53%	0.75%
Median 12 month	7.61%	-3.5%
Median 3 years	22.44%	9.18%
Median 5 years	61.86%	45.46%
10 years average annual	7.14%	6.44%
Weekly media advert. rent	$660	$670
Time on Market	28 days	34.4 days
Gross Rental Yield Percent	3.59%	5.09%

Demographics (Median Values)*

Total Population 36400

Weekly Household Income 1383

Household Size 2.60

Average Age 36

Monthly Loan Repayment 1733

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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