Suburb Profile Report for Ermington NSW (2115)

Ermington House: Median price $1,300,000, Annual capital growth 10.29%, Number of sales 129, Weekly median advertised rent $550

Ermington Unit: Median price $745,500, Annual capital growth 6.92%, Number of sales 97, Weekly median advertised rent $560

  • 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 Ermington, 2115 should be relatively 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 13.04%

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

LACK OF BUYER INTEREST may well be the reason that Ermington is offering property investors an average of -5.45. This rate of discount on properties puts Suburb at number 617th in terms of most discounted suburbs in NSW

At number 1651 in a list of fastest selling suburbs, Ermington is just in the top half of suburbs in Australia with an average of days on market 73.84 for properties listed there.

Advertised rents are around the $550 mark per week – giving a return of 2.20% based on the median price in Suburb

With a capital gain of -6.11% for the last 12 months, Ermington, 2115 has performed for property investments than its average annual 6.92% property growth over the last 5 years.

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

Our latest figures would indicate that property sellers in Ermington are currently offering property investors an average price cut of -3.58% below the asking price at the moment.

Often selling an investment property can take time, and in Ermington the average time real estate has been on the market is 86.4 days.

A $560 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 6.92%.

Metrics i HOUSE UNIT
$1,300,000 $745,500
4.00% -0.60%
13.04% -6.11%
10.29% 6.92%
$550 $560
129 97
2.20% 3.91%
73.84 86.4

Source: CoreLogic

DSR Score for property investment : Balanced (U), Above average (H)
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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
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Recent sales & rentals