Suburb Profile Report for Erina NSW (2250)

Erina House: Median price $752,000, Annual capital growth 5.78%, Number of sales 59, Weekly median advertised rent $550

Erina Unit: Median price $461,000, Annual capital growth 6.60%, Number of sales 24, Weekly median advertised rent $400

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Erina have tracked lower than the NSW average of 11.06% over the last 12 months.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Erina has increased when compared to the 5 year average annual rate.

Our latest figures would indicate that property sellers in Erina are currently offering property investors an average price cut of -2.30% below the asking price at the moment.

Residents and property investors in Erina have been waiting around 43.44 days to sell a property.

Situated 50.83km from the CBD, Erina is one of Gosford localities in the postcode 2250.

At number 984th in the list of Australian suburbs ordered by increase in median house value over the last year, Erina, 2250 is in the BOTTOM 50% with a property value increase of 2.41% recorded in median house prices.

A 37.20% growth in median value for property investors in Erina,2250 puts this suburb at number 453th in terms of best performing suburbs in NSW

Erina, 2250 is offering NSW ‘s 352th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this NSW.

On average over the past year, suburb has had 2.00 sales per month, which equates to 24 per year.

A $400 per week rent on the median house gives suburb investors a gross yield of circa 4.51%, without taking into account capital value appreciation, which has been averaging out at 6.60%.

Metrics i HOUSE UNIT
$752,000 $461,000
-7.16% -0.97%
-5.41% 2.41%
5.78% 6.60%
$550 $400
59 24
3.80% 4.51%
43.44 54.86

Source: CoreLogic

DSR Score for property investment : Very good (H), Good (U)
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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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