Suburb Profile Report for Erina NSW (2250)

Erina House: Median price $806,375, Annual capital growth 7.01%, Number of sales 70, Weekly median advertised rent $480

Erina Unit: Median price $453,000, Annual capital growth 5.63%, Number of sales 25, Weekly median advertised rent $405

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Erina have tracked just lower than the NSW average of 9.05% over the last 12 months.

Taking the average capital gain, or increase in median house value, Erina,2250 has racked up an average of 6.10% over the period. This ranks it number 951th in the whole country for real estate investors looking at median house price increases.

At number 1076th of NSW’s most discounted properties, Erina is in the TOP 20% of the state/territory when listing in order of most discounted to least.

Residents and property investors in Erina have been waiting around 61.26 days to sell a property.

Property investors who have had real estate in Erina, 2250 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 0.67%

The five-year average increase in median property values for Erina,2250 has given property investors a potential capital gain of 42.45% across each of those five years.

Property investors looking for a bargain in Erina should be aiming for at least -2.93% off the asking price, which is the average vendor discount being achieved at the moment.

In the last year 25 properties changed hands in Erina, which puts it as the 418th most active market in NSW when comparing the number of sales per suburb.

With the median price for a house in Erina being $453000 and the advertised rent reaching $405 the gross rental yield for property investors calculates out to be 4.65%

Metrics i HOUSE UNIT
$806,375 $453,000
3.38% 1.80%
6.10% 0.67%
7.01% 5.63%
$480 $405
70 25
3.10% 4.65%
61.26 42.37

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 4633
Median household income ($/weekly) 805
Median age of persons 54
Median housing loan repayment ($/monthly) 1800
Average household size 2.2
  • Census Count Percent(%)
    45-54 years 519 11.2
    55-64 years 470 10.1
    65-74 years 548 11.8
    75-84 years 745 16.1
    85 years and over 542 11.7
    Others 1810 39.1
    Age Group
    Census Count Percent(%)
    Registered Married 1766 52.4
    Not Married 1451 43.1
    Defacto Relationship 153 4.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 3533 79.5
    Papua New Guinea 53 1.2
    South Africa 41 0.9
    United Kingdom 437 9.8
    Other 103 2.3
    Others 279 6.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 32 0.8
    Christianity 3551 83.2
    Islam 25 0.6
    Other Religious Groups 14 0.3
    No Religion 627 14.7
    Others 17 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 178 10.5
    $400-$599 360 21.3
    $600-$799 196 11.6
    $800-$999 173 10.2
    $1,500-$1,999 163 9.6
    Others 621 36.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2013 55.2
    Employed, worked full-time 899 24.6
    Employed, worked part-time 567 15.5
    Unemployed, looking for work 89 2.4
    Employed, away from work 82 2.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 203 13.1
    Professionals 287 18.6
    Technicians & trades workers 216 14.0
    Clerical & administrative workers 235 15.2
    Sales 208 13.4
    Others 398 25.7
    Occupation
    Census Count Percent(%)
    Pre-school 78 9.2
    Infants/Primary 267 31.4
    Secondary 266 31.3
    Technical or Further Educational Institution 67 7.9
    University or other Tertiary Institutions 152 17.9
    Others 20 2.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3210 79.5
    Semi-detached, row or terrace house, townhouse 767 19.0
    Flat, unit or apartment 58 1.4
    Caravan, cabin, houseboat 5 0.1
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 852 47.6
    Being purchased 462 25.8
    Rented 353 19.7
    Other tenure type 123 6.9
    Tenure Type
Census 2011, ABS
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