Suburb Profile Report for Elermore Vale NSW (2287)

Elermore Vale House: Median price $472,500, Annual capital growth 4.49%, Number of sales 77, Weekly median advertised rent $398

Elermore Vale Unit: Median price $354,000, Annual capital growth 6.79%, Number of sales 36, Weekly median advertised rent $345

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

Source: CoreLogic

  • House Report
  • Unit Report

Elermore Vale is in the bottom 20% in NSW when comparing median price capital growth over the last year. Elermore Vale gave property investors a dismal capital gain figure when compared to the rest of the state, with -2.58%.

Elermore Vale,2287 has offered an average of -2.58% return per annum in house price rises to property investors over the last three years.

Vendor discounting in Elermore Vale is giving property investors an average Vendor Discount of around -3.91%. This puts suburb at number 965th in NSW when ranking the most discounted suburbs.

At number 689 in a list of fastest selling suburbs, Elermore Vale is in the TOP 20% of suburbs in Australia with an average of days on market 53.24 for properties listed there.

Property value increases in Elermore Vale have tracked close to the NSW average of 6.92% 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 Elermore Vale has increased when compared to the 5 year average annual rate.

Elermore Vale, 2287 is offering NSW ‘s 453th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this NSW.

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

HOUSE UNIT
$472,500 $354,000
-0.63% -5.60%
-2.58% 5.67%
4.49% 6.79%
$398 $345
77 36
4.37% 5.07%
53.24 80.46

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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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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