Suburb Profile Report for Erskineville NSW (2043)

Erskineville House: Median price $1,370,000, Annual capital growth 9.55%, Number of sales 67, Weekly median advertised rent $775

Erskineville Unit: Median price $808,250, Annual capital growth 7.95%, Number of sales 145, Weekly median advertised rent $640

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

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Erskineville, 2043 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 14.31%.

Taking the average capital gain, or increase in median house value, Erskineville,2043 has racked up an average of 14.31% over the period. This ranks it number 874th in the whole country for real estate investors looking at median house price increases.

Erskineville, 2043 is offering NSW ‘s 192th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this NSW.

In the last year 67 properties changed hands in Erskineville, which puts it as the 498th most active market in NSW when comparing the number of sales per suburb.

Erskineville, 2043’s gross rental yield is 2.94%

Investment property in Erskineville has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 10.72%

If we look at median property appreciation over just the last three months, Erskineville has given property investors a paper return of 6.17%. This puts Suburb as 78 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.

Using the current median advertised rental of $640 and the average annual increase in value of a median property of 7.95%, investors should hope to achieve an overall return of 4.12%

Metrics i HOUSE UNIT
$1,370,000 $808,250
1.11% 6.17%
14.31% 10.72%
9.55% 7.95%
$775 $640
67 145
2.94% 4.12%
50.75 43.33

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
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