Suburb Profile Report for Erina NSW (2250)

Erina House: Median price $870,000, Annual capital growth 5.99%, Number of sales 69, Weekly median advertised rent $555

Erina Unit: Median price $522,500, Annual capital growth 6.48%, Number of sales 13, Weekly median advertised rent $385

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Erina has had a pretty average year for property investment returns compared to the rest of NSW, giving investors a capital gain of 7.41% to date .

The five-year average increase in median property values for Erina,2250 has given property investors a potential capital gain of 90.37% across each of those five years.

Erina2250 is located in NSW which offers an average discount of -5.76% to property investors. Erina itself is showing figures that indicate -4.07% is the average achievable by property buyers investing in the suburb.

Situated 50.12km from the CBD, Erina is one of Gosford localities in the postcode 2250.

Erina, 2250 ranked 56th in NSW when comparing growth in median property values or capital gain over the last 12 months. Erina is one of 3163 in our list for NSW

Across a shorter period, Erina, 2250 has seen a median price increase of 5.29% over the last quarter.

Erina, 2250’s gross rental yield is 3.83%

Information supplied by:


November 2017

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The suburb of Erina is nestled in the Central Coast region between Gosford and Terrigal. It is considered the commercial heart of Gosford CityFull summary

No room in commercial centre

Postcode: 2250

Median house price: $810,000

Vacancy rate: 0.6%

Three-year growth: 32.8%

The suburb of Erina is nestled in the Central Coast region between Gosford and Terrigal. It is considered the commercial heart of Gosford City.

Vacancies are at a very tight 0.6%, while house prices have gone up by 8.7% in the 12 months leading to August 2017. Even with the median value coming in at over $800,000, houses are selling at an average discount rate of just 2.9%. Prices remained flat over the August 2017 quarter, but this outcome suggests that Erina is unlikely to go into the red with regard to growth.

The Entrance Road, Karalta Road and Barralong Road house many businesses, and Erina Fair is one of the biggest shopping centres in the country. There are schooling options for families, including Erina High School and Woodport Public School.

Close
Metrics i HOUSE UNIT
$870,000 $522,500
1.16% 5.29%
7.41% 16.11%
5.99% 6.48%
$555 $385
69 13
3.32% 3.83%
40.5 N/A

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
Find a mortgage broker in Erina NSW
Demographics
Total population 4633
Median household income ($/weekly) 805
Median age of persons 54
Median housing loan repayment ($/monthly) 1800
Average household size 2.2
  • Census Count Percent(%)
    45-54 years 519 11.2
    55-64 years 470 10.1
    65-74 years 548 11.8
    75-84 years 745 16.1
    85 years and over 542 11.7
    Others 1810 39.1
    Age Group
    Census Count Percent(%)
    Registered Married 1766 52.4
    Not Married 1451 43.1
    Defacto Relationship 153 4.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 3533 79.5
    Papua New Guinea 53 1.2
    South Africa 41 0.9
    United Kingdom 437 9.8
    Other 103 2.3
    Others 279 6.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 32 0.8
    Christianity 3551 83.2
    Islam 25 0.6
    Other Religious Groups 14 0.3
    No Religion 627 14.7
    Others 17 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 178 10.5
    $400-$599 360 21.3
    $600-$799 196 11.6
    $800-$999 173 10.2
    $1,500-$1,999 163 9.6
    Others 621 36.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2013 55.2
    Employed, worked full-time 899 24.6
    Employed, worked part-time 567 15.5
    Unemployed, looking for work 89 2.4
    Employed, away from work 82 2.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 203 13.1
    Professionals 287 18.6
    Technicians & trades workers 216 14.0
    Clerical & administrative workers 235 15.2
    Sales 208 13.4
    Others 398 25.7
    Occupation
    Census Count Percent(%)
    Pre-school 78 9.2
    Infants/Primary 267 31.4
    Secondary 266 31.3
    Technical or Further Educational Institution 67 7.9
    University or other Tertiary Institutions 152 17.9
    Others 20 2.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3210 79.5
    Semi-detached, row or terrace house, townhouse 767 19.0
    Flat, unit or apartment 58 1.4
    Caravan, cabin, houseboat 5 0.1
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 852 47.6
    Being purchased 462 25.8
    Rented 353 19.7
    Other tenure type 123 6.9
    Tenure Type
Census 2011, ABS
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