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Elermore Vale
AREA REPORTS

Elermore Vale

Elermore Vale - SUBURB PROFILE REPORT
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 6.17% growth over a ten-year period. It ranks 1111th 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 20.04% for the past year, which is higher than average compared to its 36.34% growth within a five-year period.

With the median home price in ELERMORE VALE sitting at $665,000, and the average rent at $450, property owners could potentially earn a 3.52% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in ELERMORE VALE are high, as opposed to average gains per annum over the past five years.

Data report can be found below

Elermore Vale
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $665,000 $469,500
GROWTH REPORT
Median Quarterly 12.24% 3.47%
Median 12 month 20.04% 3.19%
Median 3 years 17.18% 9.19%
Median 5 years 36.34% 28.28%
10 years average annual 6.17% 4.17%
Weekly media advert. rent $450 $440
Time on Market 44.1 days 79.9 days
Gross Rental Yield Percent 3.52% 4.87%
demographics (median values)*
Total Population
36400
Weekly Household Income
1383
Household Size
2.60
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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