Suburb Profile Report for Erskine WA (6210)

Erskine House: Median price $420,000, Annual capital growth -0.40%, Number of sales 85, Weekly median advertised rent $340

Erskine Unit: Median price $455,000, Annual capital growth 3.56%, Number of sales 21, Weekly median advertised rent $328

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of -2.33% for the last 12 months, Erskine, 6210 has performed for property investments than its average annual -0.40% property growth over the last 5 years.

Across a shorter period, Erskine, 6210 has seen a median price increase of -2.89% over the last quarter.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Erskine, 6210. Typically our figures indicate that -7.20% is being offered, which puts this WA suburb at 1169th most discounted overall in Australia.

At number 2898 in a list of fastest selling suburbs, Erskine is in the bottom 30% of suburbs in Australia with an average of days on market 108.73 for properties listed there.

Property investors should expect to get $340 weekly from the median priced house in this suburb.

Erskine has had a A very good year for property investment returns compared to the rest of WA, giving investors a capital gain of 42.19% to date .

The most recent median price for Erskine is $455000, with sellers offering an average of -4.88% off the asking price.

In the last year 21 properties changed hands in Erskine, which puts it as the 77th most active market in WA when comparing the number of sales per suburb.

A $327.5 per week rent on the median house gives suburb investors a gross yield of circa 3.74%, without taking into account capital value appreciation, which has been averaging out at 3.56%.

HOUSE UNIT
$420,000 $455,000
-2.89% N/A
-2.33% 42.19%
-0.40% 3.56%
$340 $328
85 21
4.21% 3.74%
108.73 123.18

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
Find a mortgage broker in Erskine WA
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
Chart Table
Recent sales & rentals