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%.