Melbourne Sees Record-breaking Growth Despite Q3 Lockdowns
Low financing costs, change in housing-type preferences due to flexible work arrangements, and government support for ow...
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 6.14% growth over a ten-year period. It ranks 1474th 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 18.06% for the past year, which is higher than average compared to its 43.84% growth within a five-year period.
With the median home price in ELERMORE VALE sitting at $680,000, and the average rent at $480, property owners could potentially earn a 3.67% 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 12 month||18.06%||7.52%|
|Median 3 years||15.94%||16.29%|
|Median 5 years||43.84%||33.33%|
|10 years average annual||6.14%||4.51%|
|Weekly media advert. rent||$480||$450|
|Time on Market||40.2 days||36.8 days|
|Gross Rental Yield Percent||3.67%||4.68%|