Suburb Profile Report for Erskineville NSW (2043)

Erskineville House: Median price $1,415,000, Annual capital growth 9.83%, Number of sales 69, Weekly median advertised rent $760

Erskineville Unit: Median price $837,500, Annual capital growth 8.09%, Number of sales 143, Weekly median advertised rent $630

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Erskineville have tracked higher than the NSW average of 9.05% over the last 12 months.

The five-year average increase in median property values for Erskineville,2043 has given property investors a potential capital gain of 88.04% across each of those five years.

Our latest figures would indicate that property sellers in Erskineville are currently offering property investors an average price cut of -3.71% below the asking price at the moment.

Property investors who have had real estate in Erskineville, 2043 should be pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 15.92%

If we look at median property appreciation over just the last three months, Erskineville has given property investors a paper return of 12.98%. This puts Suburb as 27 on a list of fastest fasting appreciating suburbs in NSW

Property buyers and investors in Erskineville 2043 should be seeing an average reduction in asking price of around -3.51% . This means that Erskineville is holding prices well when compared to other suburbs in NSW.

A $630 per week rent on the median house gives suburb investors a gross yield of circa 3.91%, without taking into account capital value appreciation, which has been averaging out at 8.09%.

Metrics i HOUSE UNIT
$1,415,000 $837,500
4.43% 12.98%
19.21% 15.92%
9.83% 8.09%
$760 $630
69 143
2.79% 3.91%
50.95 43.29

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 6847
Median household income ($/weekly) 2290
Median age of persons 34
Median housing loan repayment ($/monthly) 2600
Average household size 2.1
  • Census Count Percent(%)
    20-24 years 462 6.7
    25-34 years 2227 32.5
    35-44 years 1641 24.0
    45-54 years 855 12.5
    55-64 years 468 6.8
    Others 1194 17.4
    Age Group
    Census Count Percent(%)
    Not Married 2684 47.2
    Defacto Relationship 1534 27.0
    Registered Married 1472 25.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 4377 66.4
    Italy 106 1.6
    Papua New Guinea 294 4.5
    United Kingdom 562 8.5
    Other 373 5.7
    Others 879 13.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 241 3.8
    Christianity 2714 43.2
    Islam 82 1.3
    Judaism 54 0.9
    No Religion 3102 49.4
    Others 89 1.4
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 395 13.3
    $2,000-$2,499 314 10.6
    $2,500-$2,999 511 17.3
    $3,000-$3,499 318 10.7
    $4,000 or more 302 10.2
    Others 1122 37.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3806 64.7
    Employed, worked part-time 870 14.8
    Not in the labour force 838 14.2
    Employed, away from work 207 3.5
    Unemployed, looking for work 165 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 862 17.7
    Professionals 2091 42.8
    Technicians & trades workers 359 7.4
    Community & personal service workers 355 7.3
    Clerical & administrative workers 673 13.8
    Others 540 11.1
    Occupation
    Census Count Percent(%)
    Infants/Primary 239 18.5
    Secondary 140 10.8
    Technical or Further Educational Institution 150 11.6
    University or other Tertiary Institutions 610 47.3
    Other type of educational institution 77 6.0
    Others 75 5.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 3127 47.7
    Semi-detached, row or terrace house, townhouse 3040 46.4
    Separate house 378 5.8
    House or flat attached to a shop, office 13 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1646 51.8
    Being purchased 1119 35.2
    Fully owned 401 12.6
    Other tenure type 14 0.4
    Tenure Type
Census 2011, ABS
Chart Table
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