With a capital gain of 9.84% for the last 12 months, Erina, 2250 has performed for property investments than its average annual 6.53% property growth over the last 5 years.
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.
LACK OF BUYER INTEREST may well be the reason that Erina is offering property investors an average of -5.49. This rate of discount on properties puts Suburb at number 1030th in terms of most discounted suburbs in NSW
Situated 50.80km from the CBD, Erina is one of Gosford localities in the postcode 2250.
At number 1050th 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 0.35% recorded in median house prices.
In the last year 19 properties changed hands in Erina, which puts it as the 455th most active market in NSW when comparing the number of sales per suburb.
Advertised rents are around the $420 mark per week – giving a return of 4.84% based on the median price in Suburb