Suburb Profile Report for Erskine WA (6210)

Erskine House: Median price $432,500, Annual capital growth 0.54%, Number of sales 87, Weekly median advertised rent $355

Erskine Unit: Median price $355,000, Annual capital growth 0.53%, Number of sales 21, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report

Giving property investors a an unimpressive capital gain of 0.58% for the last year, Erskine, 6210 is the 2758th highest performer in Australia in this respect.

Taking the average capital gain, or increase in median house value, Erskine,6210 has racked up an average of 0.58% over the period. This ranks it number 3128th in the whole country for real estate investors looking at median house price increases.

Sellers are offering property buyers an average discount of -6.68% to buyers in Erskine at the moment, which is less than average for the rest of WA.

A $355 per week rent on the median house gives suburb investors a gross yield of circa 4.27%, without taking into account capital value appreciation, which has been averaging out at 0.54%.

At number 1515th in the list of Australian suburbs ordered by increase in median house value over the last year, Erskine, 6210 is in the BOTTOM 20% with a property value increase of -7.79% recorded in median house prices.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Erskine has fallen somewhat when compared to the 5 year average annual rate.

Property investors looking for a bargain in Erskine should be aiming for at least -5.66% off the asking price, which is the average vendor discount being achieved at the moment.

Renters in Suburb are facing rents around $4200 per annum or $350 every week.

HOUSE UNIT
$432,500 $355,000
0.76% -20.22%
0.58% -7.79%
0.54% 0.53%
$355 $350
87 21
4.27% 5.13%
102.96 130.85

Source: CoreLogic

DSR Score for property investment : Balanced (U), Below average (H)
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Demographics
Total population 4100
Median household income ($/weekly) 814
Median age of persons 54
Median housing loan repayment ($/monthly) 1820
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 383 9.3
    45-54 years 448 10.9
    55-64 years 661 16.1
    65-74 years 824 20.1
    75-84 years 445 10.9
    Others 1340 32.7
    Age Group
    Census Count Percent(%)
    Registered Married 1719 56.3
    Not Married 1056 34.6
    Defacto Relationship 281 9.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 2605 68.6
    Papua New Guinea 130 3.4
    South Africa 65 1.7
    United Kingdom 726 19.1
    Other 93 2.4
    Others 180 4.7
    Country of Birth
    Census Count Percent(%)
    Christianity 2709 74.0
    No Religion 901 24.6
    Buddhism 33 0.9
    Other Religious Groups 12 0.3
    Islam 5 0.1
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 142 9.4
    $400-$599 303 20.2
    $600-$799 194 12.9
    $800-$999 169 11.2
    $1,500-$1,999 145 9.6
    Others 550 36.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1803 54.7
    Employed, worked full-time 787 23.9
    Employed, worked part-time 494 15.0
    Employed, away from work 116 3.5
    Unemployed, looking for work 95 2.9
    Person Characteristics
  • Census Count Percent(%)
    Professionals 170 12.1
    Technicians & trades workers 281 20.1
    Clerical & administrative workers 177 12.6
    Sales 166 11.8
    Labourers 167 11.9
    Others 440 31.4
    Occupation
    Census Count Percent(%)
    Pre-school 35 5.7
    Infants/Primary 264 42.9
    Secondary 151 24.5
    Technical or Further Educational Institution 72 11.7
    University or other Tertiary Institutions 72 11.7
    Others 22 3.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3011 82.9
    Semi-detached, row or terrace house, townhouse 415 11.4
    Flat, unit or apartment 205 5.6
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 703 43.0
    Being purchased 418 25.6
    Rented 390 23.9
    Other tenure type 124 7.6
    Tenure Type
Census 2011, ABS
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