Suburb Profile Report for Erina NSW (2250)

Erina House: Median price $885,000, Annual capital growth 5.82%, Number of sales 69, Weekly median advertised rent $550

Erina Unit: Median price $526,250, Annual capital growth 7.47%, Number of sales 12, Weekly median advertised rent $390

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

Giving property investors a a stable capital gain of 9.26% for the last year, Erina, 2250 is the 1171th highest performer in Australia in this respect.

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

Sellers are offering property buyers an average discount of -4.07% to buyers in Erina at the moment, which is less than average for the rest of NSW.

A $550 per week rent on the median house gives suburb investors a gross yield of circa 3.23%, without taking into account capital value appreciation, which has been averaging out at 5.82%.

Property investors who have had real estate in Erina, 2250 should be pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 16.94%

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

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
$885,000 $526,250
3.95% 18.52%
9.26% 16.94%
5.82% 7.47%
$550 $390
69 12
3.23% 3.85%
45.65 N/A

Source: CoreLogic

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