Giving property investors a a stable capital gain of 4.82% for the last year, Erina, 2250 is the 1713th highest performer in Australia in this respect.
Erina,2250 was ranked 3574 in Australia by increase in median property value over the quarter.
Erina2250 is located in NSW which offers an average discount of -7.17% to property investors. Erina itself is showing figures that indicate -5.47% is the average achievable by property buyers investing in the suburb.
In the last year 71 properties changed hands in Erina, which puts it as the 538th most active market in NSW when comparing the number of sales per suburb.
A $550 per week rent on the median house gives suburb investors a gross yield of circa 3.29%, without taking into account capital value appreciation, which has been averaging out at 7.05%.
Over the last year, property investments in Erina, 2250 have given investors a capital gain of 15.73%. This compares very favourably with the 1.12% for NSW as a whole.
When looking at the potential capital gains offered to property investors over the last 3 years, Erina comes in at number 321th in NSW.
Vendor discounting in Erina is giving property investors an average Vendor Discount of around -5.91%. This puts suburb at number 242th in NSW when ranking the most discounted suburbs.
Using the current median advertised rental of $400 and the average annual increase in value of a median property of 10.28%, investors should hope to achieve an overall return of 4.04%
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
Information supplied by:
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