Property investors enjoyed capital gains of 11.17% over the last 12 months in ELSTERNWICK, translating to lower returns compared with its peers in VIC.
Figures from the previous quarter show that capital gains for real estate buyers in ELSTERNWICK are low, as opposed to average gains per annum over the past five years.
The suburb posted a 55.95% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $795 based on current median home prices for the suburb.
On average, rents on listings have reached the $795 mark, reflecting a 2.1% increase in returns based on the current median price in ELSTERNWICK.
ELSTERNWICK, 3185 ranks 385th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 526th on the list of best yielding suburbs for rental properties in VIC, posting a 2.1% return.
Property investors have seen a 1.11% gain in ELSTERNWICK based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains ELSTERNWICK, 3185 saw average growth in the long term.
ELSTERNWICK, 3185 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 $640,000.
Profits due to an upward trend in home prices in ELSTERNWICK, 3185 averaged 4.26% per annum over a 3-year period.
This number can mean, real estate investors could earn a rental income of $420 based on current median home prices for the suburb.
The gross rental yield in ELSTERNWICK, 3185 is 3.41%.
An average of 10.17 real estate transactions take place per month in ELSTERNWICK which translates to 122 per annum.
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