Suburb Profile Report for Elermore Vale NSW (2287)

Elermore Vale House: Median price $550,000, Annual capital growth 5.44%, Number of sales 80, Weekly median advertised rent $420

Elermore Vale Unit: Median price $416,000, Annual capital growth 8.82%, Number of sales 47, Weekly median advertised rent $390

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 992th in the list of Australian suburbs ordered by increase in median house value over the last year, Elermore Vale, 2287 is in the top 30% with a property value increase of 14.58% recorded in median house prices.

The five-year average increase in median property values for Elermore Vale,2287 has given property investors a potential capital gain of 41.94% across each of those five years.

Property buyers and investors in Elermore Vale 2287 should be seeing an average reduction in asking price of around -5.83% . This means that Elermore Vale is holding prices well when compared to other suburbs in NSW.

Using the current median advertised rental of $420 and the average annual increase in value of a median property of 5.44%, investors should hope to achieve an overall return of 3.97%

Elermore Vale has had a pretty average year for property investment returns compared to the rest of NSW, giving investors a capital gain of 8.19% to date .

Across a shorter period, Elermore Vale, 2287 has seen a median price increase of -1.56% over the last quarter.

State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.11% offered to property buyers. Sellers in Elermore Vale itself are offering an average vendor discount of -3.79% to real estate investors.

Often selling an investment property can take time, and in Elermore Vale the average time real estate has been on the market is 71.2 days.

A $390 per week rent on the median house gives suburb investors a gross yield of circa 4.88%, without taking into account capital value appreciation, which has been averaging out at 8.82%.

Metrics i HOUSE UNIT
$550,000 $416,000
0.46% -1.56%
14.58% 8.19%
5.44% 8.82%
$420 $390
80 47
3.97% 4.88%
45.88 71.2

Source: CoreLogic

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