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%