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Property investors enjoyed capital gains of 1.43% 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.
This number can mean, real estate investors could earn a rental income of $800 based on current median home prices for the suburb.
On average, rents on listings have reached the $800 mark, reflecting a 2.13% increase in returns based on the current median price in ELSTERNWICK.
ELSTERNWICK, 3185 ranks 598th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 529th on the list of best yielding suburbs for rental properties in VIC, posting a 2.13% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,950,000 | $705,500 |
| GROWTH REPORT | ||
| Median Quarterly | -4.08% | 1.51% |
| Median 12 month | 1.43% | 14.72% |
| Median 3 years | -1.27% | 11.98% |
| Median 5 years | 28.08% | 25.98% |
| 10 years average annual | 5.4% | 3.64% |
| Weekly media advert. rent | $800 | $430 |
| Time on Market | 0.0 days | 53.5 days |
| Gross Rental Yield Percent | 2.13% | 3.17% |
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