If you compare the increase in value of investment property in Erina, 2250 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 10.90%.
Comparing Erina,2250 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Erina2250 is located in NSW which offers an average discount of -5.40% to property investors. Erina itself is showing figures that indicate -3.94% is the average achievable by property buyers investing in the suburb.
On average over the past year, suburb has had 5.50 sales per month, which equates to 66 per year.
Investment property in Erina has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 6.07%
Over the longer term, Erina has seen property prices show investors a 33.43% return over the last 3 years. This is worse than over the last 12 months
LACK OF BUYER INTEREST may well be the reason that Erina is offering property investors an average of -4.44. This rate of discount on properties puts Suburb at number 281th in terms of most discounted suburbs in NSW
Often selling an investment property can take time, and in Erina the average time real estate has been on the market is 71.38 days.
Situated 47.55km from the CBD, Erina is one of Gosford localities in the postcode 2250.
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
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No room in commercial centre
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