Erina is an average performer in NSW when comparing median price capital growth over the last year. Erina gave property investors a good capital gain figure when compared to the rest of the state, with 9.91%.
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 -3.61% below the asking price at the moment.
At number 461 in a list of fastest selling suburbs, Erina is in the TOP 20% of suburbs in Australia with an average of days on market 49.03 for properties listed there.
Erina, 2250’s gross rental yield is 3.75%
Property investors who have had real estate in Erina, 2250 should be relatively unhappy 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 0.03%
Erina,2250 was ranked 1056 in Australia by increase in median property value over the quarter.
With the median price for a house in Erina being $450140 and the advertised rent reaching $440 the gross rental yield for property investors calculates out to be 5.08%