Suburb Profile Report for Ermington NSW (2115)

Ermington House: Median price $1,100,000, Annual capital growth 7.48%, Number of sales 100, Weekly median advertised rent $550

Ermington Unit: Median price $742,495, Annual capital growth 4.87%, Number of sales 28, Weekly median advertised rent $540

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

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Ermington, 2115 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -17.60%.

Ermington,2115 has offered an average of -17.60% return per annum in house price rises to property investors over the last three years.

LACK OF BUYER INTEREST may well be the reason that Ermington is offering property investors an average of -7.34. This rate of discount on properties puts Suburb at number 47th in terms of most discounted suburbs in NSW

The NSW suburb of Ermington, 2115 is in the Parramatta (C) local government area.

Ermington has had a pretty average year for property investment returns compared to the rest of NSW, giving investors a capital gain of -6.01% to date .

If we look at median property appreciation over just the last three months, Ermington has given property investors a paper return of -3.57%. This puts Suburb as 382 on a list of fastest fasting appreciating suburbs in NSW

Ermington2115 is located in NSW which offers an average discount of -6.91% to property investors. Ermington itself is showing figures that indicate -11.26% is the average achievable by property buyers investing in the suburb.

Often selling an investment property can take time, and in Ermington the average time real estate has been on the market is 120.9 days.

With the median price for a house in Ermington being $742495 and the advertised rent reaching $540 the gross rental yield for property investors calculates out to be 3.78%

Metrics i HOUSE UNIT
$1,100,000 $742,495
-8.33% -3.57%
-17.60% -6.01%
7.48% 4.87%
$550 $540
100 28
2.60% 3.78%
72.3448275862069 120.9

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Below average (U)
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Demographics
Total population 9469
Median household income ($/weekly) 1294
Median age of persons 38
Median housing loan repayment ($/monthly) 2500
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 1150 12.1
    25-34 years 1259 13.3
    35-44 years 1421 15.0
    45-54 years 1325 14.0
    55-64 years 1101 11.6
    Others 3213 33.9
    Age Group
    Census Count Percent(%)
    Registered Married 3582 50.9
    Not Married 3084 43.8
    Defacto Relationship 371 5.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 5638 62.8
    Croatia 471 5.2
    Lebanon 285 3.2
    Malaysia 281 3.1
    Other 609 6.8
    Others 1696 18.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 352 4.0
    Christianity 6251 70.9
    Hinduism 218 2.5
    Islam 453 5.1
    No Religion 1466 16.6
    Others 81 0.9
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 280 9.8
    $600-$799 229 8.0
    $1,500-$1,999 358 12.6
    $2,000-$2,499 269 9.5
    $2,500-$2,999 267 9.4
    Others 1442 50.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2859 39.3
    Employed, worked full-time 2757 37.9
    Employed, worked part-time 1137 15.6
    Unemployed, looking for work 273 3.8
    Employed, away from work 251 3.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 520 12.5
    Professionals 909 21.9
    Technicians & trades workers 606 14.6
    Clerical & administrative workers 733 17.7
    Sales 381 9.2
    Others 999 24.1
    Occupation
    Census Count Percent(%)
    Pre-school 180 8.0
    Infants/Primary 711 31.8
    Secondary 645 28.8
    Technical or Further Educational Institution 235 10.5
    University or other Tertiary Institutions 401 17.9
    Others 65 2.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6811 76.3
    Semi-detached, row or terrace house, townhouse 1616 18.1
    Flat, unit or apartment 459 5.1
    House or flat attached to a shop, office 35 0.4
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1112 35.6
    Being purchased 1108 35.5
    Fully owned 874 28.0
    Other tenure type 27 0.9
    Tenure Type
Census 2011, ABS
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