Erina has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 6.58% to date .
Comparing Erina,2250 ‘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 Erina is offering property investors an average of -5.35. This rate of discount on properties puts Suburb at number 1130th in terms of most discounted suburbs in NSW
Renters in Suburb are facing rents around $5790 per annum or $482.5 every week.
Giving property investors a an average capital gain of 2.44% for the last year, Erina, 2250 is the 916th highest performer in Australia in this respect.
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 -2.93% below the asking price at the moment.
At number 151 in a list of fastest selling suburbs, Erina is in the TOP 20% of suburbs in Australia with an average of days on market 41.29 for properties listed there.
Renters in Suburb are facing rents around $4860 per annum or $405 every week.