Suburb Profile Report for Erskineville NSW (2043)

Erskineville House: Median price $1,200,000, Annual capital growth 8.40%, Number of sales 67, Weekly median advertised rent $755

Erskineville Unit: Median price $812,500, Annual capital growth 7.64%, Number of sales 155, Weekly median advertised rent $600

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

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Erskineville, 2043 should be ok 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 3.23%

Erskineville,2043 has offered an average of 3.23% return per annum in house price rises to property investors over the last three years.

At number 1215th of NSW’s most discounted properties, Erskineville is in the TOP 10% of the state/territory when listing in order of most discounted to least.

On average over the past year, suburb has had 5.58 sales per month, which equates to 67 per year.

Renters in Suburb are facing rents around $9060 per annum or $755 every week.

Erskineville has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 11.30% to date .

When looking at the potential capital gains offered to property investors over the last 3 years, Erskineville comes in at number 411th in NSW.

Property buyers and investors in Erskineville 2043 should be seeing an average reduction in asking price of around -4.02% . This means that Erskineville is holding prices well when compared to other suburbs in NSW.

At number 165 in a list of fastest selling suburbs, Erskineville is in the TOP 20% of suburbs in Australia with an average of days on market 45.18 for properties listed there.

HOUSE UNIT
$1,200,000 $812,500
2.56% 11.30%
3.23% 11.30%
8.40% 7.64%
$755 $600
67 155
3.27% 3.84%
40.27 45.18

Source: CoreLogic

DSR Score for property investment : Good (U), Very 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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Recent sales & rentals