Suburb Profile Report for Elermore Vale NSW (2287)

Elermore Vale House: Median price $530,000, Annual capital growth 5.23%, Number of sales 91, Weekly median advertised rent $410

Elermore Vale Unit: Median price $400,000, Annual capital growth 6.20%, Number of sales 48, Weekly median advertised rent $353

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Elermore Vale, 2287 have given investors a capital gain of 11.46%. This compares averagely with the 9.74% for NSW as a whole.

While Elermore Vale,2287 ranked number 215th in NSW for increase in median house value (annualised) increase, it is ranked 978th over the last 5 years.

Our latest figures would indicate that property sellers in Elermore Vale are currently offering property investors an average price cut of -4.73% below the asking price at the moment.

Elermore Vale is an average performer in NSW when comparing median price capital growth over the last year. Elermore Vale gave property investors a average capital gain figure when compared to the rest of the state, with 6.24%.

Taking the average capital gain, or increase in median house value, Elermore Vale,2287 has racked up an average of 6.24% over the period. This ranks it number 315th in the whole country for real estate investors looking at median house price increases.

Sellers are offering property buyers an average discount of -2.69% to buyers in Elermore Vale at the moment, which is less than average for the rest of NSW.

Often selling an investment property can take time, and in Elermore Vale the average time real estate has been on the market is 62.08 days.

A $352.5 per week rent on the median house gives suburb investors a gross yield of circa 4.58%, without taking into account capital value appreciation, which has been averaging out at 6.20%.

Metrics i HOUSE UNIT
$530,000 $400,000
7.72% 5.40%
11.46% 6.24%
5.23% 6.20%
$410 $353
91 48
4.02% 4.58%
48.91 62.08

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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