Suburb Profile Report for Elermore Vale NSW (2287)

Elermore Vale House: Median price $550,000, Annual capital growth 5.49%, Number of sales 86, Weekly median advertised rent $420

Elermore Vale Unit: Median price $427,550, Annual capital growth 8.53%, Number of sales 46, Weekly median advertised rent $373

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Elermore Vale, 2287 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 17.02%.

When looking at the potential capital gains offered to property investors over the last 3 years, Elermore Vale comes in at number 1023th in NSW.

Vendor discounting in Elermore Vale is giving property investors an average Vendor Discount of around -4.49%. This puts suburb at number 672th in NSW when ranking the most discounted suburbs.

Situated 108.32km from the CBD, Elermore Vale is one of Newcastle localities in the postcode 2287.

Property value increases in Elermore Vale have tracked just higher than the NSW average of 8.63% over the last 12 months.

If we look at median property appreciation over just the last three months, Elermore Vale has given property investors a paper return of 5.57%. This puts Suburb as 96 on a list of fastest fasting appreciating suburbs in NSW

Property investors looking for a bargain in Elermore Vale should be aiming for at least -2.94% off the asking price, which is the average vendor discount being achieved at the moment.

The NSW suburb of Elermore Vale, 2287 is in the Newcastle local government area.

Metrics i HOUSE UNIT
$550,000 $427,550
4.27% 5.57%
17.02% 14.01%
5.49% 8.53%
$420 $373
86 46
3.97% 4.53%
46.9 61.37

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 5186
Median household income ($/weekly) 1212
Median age of persons 39
Median housing loan repayment ($/monthly) 1733
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 686 13.2
    25-34 years 613 11.8
    35-44 years 653 12.6
    45-54 years 708 13.7
    55-64 years 695 13.4
    Others 1831 35.3
    Age Group
    Census Count Percent(%)
    Registered Married 2090 54.5
    Not Married 1476 38.5
    Defacto Relationship 268 7.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 4343 86.9
    Germany 84 1.7
    Indonesia 47 0.9
    United Kingdom 141 2.8
    Other 86 1.7
    Others 297 5.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 32 0.7
    Christianity 3872 79.5
    Hinduism 48 1.0
    Islam 53 1.1
    No Religion 845 17.3
    Others 23 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 197 11.7
    $600-$799 149 8.8
    $1,000-$1,249 154 9.1
    $1,500-$1,999 206 12.2
    $2,000-$2,499 154 9.1
    Others 824 48.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1468 36.7
    Not in the labour force 1440 36.0
    Employed, worked part-time 815 20.4
    Employed, away from work 142 3.6
    Unemployed, looking for work 131 3.3
    Person Characteristics
  • Census Count Percent(%)
    Professionals 536 22.1
    Technicians & trades workers 370 15.3
    Community & personal service workers 243 10.0
    Clerical & administrative workers 382 15.8
    Sales 243 10.0
    Others 647 26.7
    Occupation
    Census Count Percent(%)
    Pre-school 90 7.2
    Infants/Primary 463 37.0
    Secondary 306 24.4
    Technical or Further Educational Institution 120 9.6
    University or other Tertiary Institutions 240 19.2
    Others 33 2.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3954 82.0
    Semi-detached, row or terrace house, townhouse 778 16.1
    Flat, unit or apartment 85 1.8
    House or flat attached to a shop, office 3 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 651 35.9
    Being purchased 642 35.4
    Rented 507 28.0
    Other tenure type 12 0.7
    Tenure Type
Census 2011, ABS
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Recent sales & rentals