Suburb Profile Report for Ermington NSW (2115)

Ermington House: Median price $1,290,000, Annual capital growth 10.32%, Number of sales 132, Weekly median advertised rent $550

Ermington Unit: Median price $750,500, Annual capital growth 7.31%, Number of sales 102, Weekly median advertised rent $560

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 930th in the list of Australian suburbs ordered by increase in median house value over the last year, Ermington, 2115 is in the top 30% with a property value increase of 12.17% recorded in median house prices.

Taking the average capital gain, or increase in median house value, Ermington,2115 has racked up an average of 12.17% over the period. This ranks it number 130th in the whole country for real estate investors looking at median house price increases.

Property investors looking for a bargain in Ermington should be aiming for at least -5.25% off the asking price, which is the average vendor discount being achieved at the moment.

Residents and property investors in Ermington have been waiting around 75.34 days to sell a property.

Property investors should expect to get $550 weekly from the median priced house in this suburb.

Ermington is in the bottom 10% in NSW when comparing median price capital growth over the last year. Ermington gave property investors a dismal capital gain figure when compared to the rest of the state, with -6.42%.

Comparing Ermington,2115 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Property buyers and investors in Ermington 2115 should be seeing an average reduction in asking price of around -3.20% . This means that Ermington is holding prices well when compared to other suburbs in NSW.

Often selling an investment property can take time, and in Ermington the average time real estate has been on the market is 80.96 days.

Advertised rents are around the $560 mark per week – giving a return of 3.88% based on the median price in Suburb

Metrics i HOUSE UNIT
$1,290,000 $750,500
3.61% -0.73%
12.17% -6.42%
10.32% 7.31%
$550 $560
132 102
2.22% 3.88%
75.34 80.96

Source: CoreLogic

DSR Score for property investment : Balanced (U), Above average (H)
Find a mortgage broker in Ermington NSW
Demographics
Total population 9469
Median household income ($/weekly) 1294
Median age of persons 38
Median housing loan repayment ($/monthly) 2500
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 1150 12.1
    25-34 years 1259 13.3
    35-44 years 1421 15.0
    45-54 years 1325 14.0
    55-64 years 1101 11.6
    Others 3213 33.9
    Age Group
    Census Count Percent(%)
    Registered Married 3582 50.9
    Not Married 3084 43.8
    Defacto Relationship 371 5.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 5638 62.8
    Croatia 471 5.2
    Lebanon 285 3.2
    Malaysia 281 3.1
    Other 609 6.8
    Others 1696 18.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 352 4.0
    Christianity 6251 70.9
    Hinduism 218 2.5
    Islam 453 5.1
    No Religion 1466 16.6
    Others 81 0.9
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 280 9.8
    $600-$799 229 8.0
    $1,500-$1,999 358 12.6
    $2,000-$2,499 269 9.5
    $2,500-$2,999 267 9.4
    Others 1442 50.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2859 39.3
    Employed, worked full-time 2757 37.9
    Employed, worked part-time 1137 15.6
    Unemployed, looking for work 273 3.8
    Employed, away from work 251 3.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 520 12.5
    Professionals 909 21.9
    Technicians & trades workers 606 14.6
    Clerical & administrative workers 733 17.7
    Sales 381 9.2
    Others 999 24.1
    Occupation
    Census Count Percent(%)
    Pre-school 180 8.0
    Infants/Primary 711 31.8
    Secondary 645 28.8
    Technical or Further Educational Institution 235 10.5
    University or other Tertiary Institutions 401 17.9
    Others 65 2.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6811 76.3
    Semi-detached, row or terrace house, townhouse 1616 18.1
    Flat, unit or apartment 459 5.1
    House or flat attached to a shop, office 35 0.4
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1112 35.6
    Being purchased 1108 35.5
    Fully owned 874 28.0
    Other tenure type 27 0.9
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals