Property to regain momentum following health crisis
Strong property price growth before the outbreak of COVID-19 gives investors a snapshot of what market conditions will be like once the pand...
Subscribe to our newsletter
ERSKINE PARK, 2759 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Investors saw the median home price rise to $715,000.
Profits due to an upward trend in home prices in the suburb averaged 1.62% per annum over a 3-year period.
ERSKINE PARK now ranks at the th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in ERSKINE PARK are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $440 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In ERSKINE PARK, homes and units usually stay on listing for an average of 58.6 days.
In 2016, 68 properties were sold in ERSKINE PARK during the past year, making it the 196th most active market in NSW based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $715,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0% | N/A |
| Median 12 month | -5.35% | N/A |
| Median 3 years | 4.87% | N/A |
| Median 5 years | 33.02% | N/A |
| 10 years average annual | 6.35% | N/A |
| Weekly media advert. rent | $440 | N/A |
| Time on Market | 58.6 days | N/A |
| Gross Rental Yield Percent | 3.2% | N/A |
Strong property price growth before the outbreak of COVID-19 gives investors a snapshot of what market conditions will be like once the pand...
Aussie national retail groups and shopping centre landlords have reached an agreement on a set of retail leasing principles, presenting a un...
In a press conference following the most recent national cabinet meeting, Prime Minister Scott Morrison has weighed in on the government’s...
Ray White Commercial’s head of agency operations, Andrew Freeman, has shared how the commercial market is playing out for keen investors. ...
Landlords have received welcome news, with the Minister for Housing confirming there is no rental freeze during the moratorium. ...
The Reserve Bank has “no appetite” for negative interest rates, with the current cash rate locked in for an “extended period”, the c...
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter
