Suburb Profile Report for Elermore Vale NSW (2287)

Elermore Vale House: Median price $602,000, Annual capital growth 5.42%, Number of sales 78, Weekly median advertised rent $440

Elermore Vale Unit: Median price $390,000, Annual capital growth 7.36%, Number of sales 33, Weekly median advertised rent $380

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

Elermore Vale has had a A very good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 9.55% to date .

Comparing Elermore Vale,2287 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Elermore Vale2287 is located in NSW which offers an average discount of -6.45% to property investors. Elermore Vale itself is showing figures that indicate -4.46% is the average achievable by property buyers investing in the suburb.

Using the current median advertised rental of $440 and the average annual increase in value of a median property of 5.42%, investors should hope to achieve an overall return of 3.80%

If you compare the increase in value of investment property in Elermore Vale, 2287 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -8.27%.

When looking at the potential capital gains offered to property investors over the last 3 years, Elermore Vale comes in at number 398th in NSW.

State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.92% offered to property buyers. Sellers in Elermore Vale itself are offering an average vendor discount of -7.26% to real estate investors.

In the last year 33 properties changed hands in Elermore Vale, which puts it as the 335th most active market in NSW when comparing the number of sales per suburb.

Using the current median advertised rental of $380 and the average annual increase in value of a median property of 7.36%, investors should hope to achieve an overall return of 5.07%

Information supplied by:


November 2018

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The home of Macquarie College, a top private co-ed school in Newcastle, Elermore Vale is a suburb on the western outskirts of NewcastleFull summary

Houses sell quickly

Postcode: 2287

Median house price: $582,500

Three-year growth: 26.6%

Rental yield: 3.8%

The home of Macquarie College, a top private co-ed school in Newcastle, Elermore Vale is a suburb on the western outskirts of Newcastle.

It sits on the fringes of Newcastle in the west. Prior to its development, the land was used by farmers for cattle and chicken rearing. By the 1960s, however, amenities had been constructed, giving residents access to facilities like a community centre, which hosts workshops and classes. The suburb is home to the Viking Aquatic and Fitness Centre, along with sports fields and parks.

While popular with families, the suburb also caters to retirees. The median house price has settled in at $582,500 after values increased by 8.4% in the August 2017-2018 period. This continues a fairly strong positive trend that has been observed since 2013. Demand is evident in how houses are only on the market for an average of 47 days.

Close
Metrics i HOUSE UNIT
$602,000 $390,000
0.33% -6.81%
9.55% -8.27%
5.42% 7.36%
$440 $380
78 33
3.80% 5.07%
45.02 50

Source: CoreLogic

Disclaimer: The data presented here is the latest available data at the time of upload each month. Please note that data is routinely updated by our partners, so may change month to month.

DSR Score for property investment : Above average (H), Above average (U)
Find a mortgage broker in Elermore Vale NSW
Demographics
Total population 5186
Median household income ($/weekly) 1212
Median age of persons 39
Median housing loan repayment ($/monthly) 1733
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 686 13.2
    25-34 years 613 11.8
    35-44 years 653 12.6
    45-54 years 708 13.7
    55-64 years 695 13.4
    Others 1831 35.3
    Age Group
    Census Count Percent(%)
    Registered Married 2090 54.5
    Not Married 1476 38.5
    Defacto Relationship 268 7.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 4343 86.9
    Germany 84 1.7
    Indonesia 47 0.9
    United Kingdom 141 2.8
    Other 86 1.7
    Others 297 5.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 32 0.7
    Christianity 3872 79.5
    Hinduism 48 1.0
    Islam 53 1.1
    No Religion 845 17.3
    Others 23 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 197 11.7
    $600-$799 149 8.8
    $1,000-$1,249 154 9.1
    $1,500-$1,999 206 12.2
    $2,000-$2,499 154 9.1
    Others 824 48.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1468 36.7
    Not in the labour force 1440 36.0
    Employed, worked part-time 815 20.4
    Employed, away from work 142 3.6
    Unemployed, looking for work 131 3.3
    Person Characteristics
  • Census Count Percent(%)
    Professionals 536 22.1
    Technicians & trades workers 370 15.3
    Community & personal service workers 243 10.0
    Clerical & administrative workers 382 15.8
    Sales 243 10.0
    Others 647 26.7
    Occupation
    Census Count Percent(%)
    Pre-school 90 7.2
    Infants/Primary 463 37.0
    Secondary 306 24.4
    Technical or Further Educational Institution 120 9.6
    University or other Tertiary Institutions 240 19.2
    Others 33 2.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3954 82.0
    Semi-detached, row or terrace house, townhouse 778 16.1
    Flat, unit or apartment 85 1.8
    House or flat attached to a shop, office 3 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 651 35.9
    Being purchased 642 35.4
    Rented 507 28.0
    Other tenure type 12 0.7
    Tenure Type
Census 2011, ABS
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