hi there , was wondering if anyone here had any knowledge of capital growth on apartments in Elwood , from what I have been told apartments in inner city dont have a big capital growth , I am curious to know if Elwood did as I noticed there is quite a demand there being near the beach and all , any personal experiences or info would be much appreciated , all respects , Hal
Hi Hal,
Elwood seems to be showing steady growth.
Here is some data from a free report from domain.com.au
You may want to buy a suburb report from rpdata.com.au or residex.com.au12 months to October 2007 HOUSES UNITS Elwood Region Elwood Region Median Prices $760,000 $671,000 $395,000 $370,000 Long Term Trend 10.2% 9.8% 10.3% 8.4% Auction clearance rates 77% 81% 74% 79% Days on Market 58 65 83 103 Discounting 8% 6% 5% 5% SNR = Statistically Not Reliable. sorry, I just realised the report format is not great in my post.
Elwood units have grown at 10.3% over the last 10 years.And here is the link to the domain.com.au report
http://www.domain.com.au/public/suburbprofile.aspx?searchTerm=elwood&mode=research#mapanchor
Hope this helpsthanx property power , I had look at the link , it was quite interesting , did not know that it covered all those statistics , cheers
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