Suburb Profile Report for Erskine Park NSW (2759)

Erskine Park House: Median price $767,500, Annual capital growth 7.58%, Number of sales 77, Weekly median advertised rent $480

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

Source: CoreLogic

  • House Report
  • Expert Report

Investment property in Erskine Park has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 13.65%

Erskine Park,2759 has offered an average of 13.65% return per annum in house price rises to property investors over the last three years.

Vendor discounting in Erskine Park is giving property investors an average Vendor Discount of around -3.86%. This puts suburb at number 875th in NSW when ranking the most discounted suburbs.

At number 374 in a list of fastest selling suburbs, Erskine Park is in the TOP 10% of suburbs in Australia with an average of days on market 38.66 for properties listed there.

Erskine Park is 707th on a list of best yielding suburbs for rents in NSW with a 3.25% return

YIP MAG Information supplied by:

YIP MAG
April 2016

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For buyers looking to break into the market in the western Sydney suburbĀ of Erskine Park, time may very well be of the essence.Full summary For buyers looking to break into the market in the western Sydney suburb of Erskine Park, time may very well be of the essence.

Houses in Erskine Park are currently a hot commodity, with them spending on average just 21 days on the market.

That popularity has likely been helped by the capital growth seen in the suburb recently, with the median house price in Erskine Park sitting at $643,000, having increased by 22% in the past year and 55% over the past five.

The strong growth seen in the area has had an impact on the suburb’s rental market, with the median rent in Erskine Park of $435 per week delivering only a 4% yield for investors.

While there are no direct public transport links to Erskine Park, the M4 Motorway links the suburb to Penrith and Sydney, and there are a number of schools in the areaClose
Metrics i HOUSE UNIT
$767,500 N/A
1.32% N/A
13.65% N/A
7.58% N/A
$480 N/A
77 N/A
3.25% N/A
38.66 N/A

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 6667
Median household income ($/weekly) 1858
Median age of persons 31
Median housing loan repayment ($/monthly) 2000
Average household size 3.4
  • Census Count Percent(%)
    5-14 years 1080 16.2
    15-19 years 747 11.2
    25-34 years 806 12.1
    35-44 years 933 14.0
    45-54 years 1218 18.3
    Others 1883 28.2
    Age Group
    Census Count Percent(%)
    Registered Married 2655 54.2
    Not Married 1909 39.0
    Defacto Relationship 336 6.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 4862 76.0
    Papua New Guinea 130 2.0
    Philippines 259 4.0
    United Kingdom 230 3.6
    Other 268 4.2
    Others 650 10.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 77 1.2
    Christianity 5149 81.9
    Hinduism 133 2.1
    Islam 175 2.8
    No Religion 722 11.5
    Others 32 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 130 7.8
    $1,250-$1,499 155 9.3
    $1,500-$1,999 289 17.4
    $2,000-$2,499 273 16.4
    $2,500-$2,999 202 12.1
    Others 616 37.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2484 50.0
    Not in the labour force 1128 22.7
    Employed, worked part-time 954 19.2
    Employed, away from work 201 4.0
    Unemployed, looking for work 199 4.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 405 11.1
    Professionals 433 11.9
    Technicians & trades workers 594 16.3
    Clerical & administrative workers 760 20.9
    Machinery operators & drivers 373 10.2
    Others 1077 29.6
    Occupation
    Census Count Percent(%)
    Pre-school 103 5.4
    Infants/Primary 610 32.1
    Secondary 715 37.6
    Technical or Further Educational Institution 187 9.8
    University or other Tertiary Institutions 251 13.2
    Others 36 1.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6251 97.4
    Semi-detached, row or terrace house, townhouse 161 2.5
    House or flat attached to a shop, office 5 0.1
    Flat, unit or apartment 3 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1124 60.2
    Fully owned 469 25.1
    Rented 269 14.4
    Other tenure type 5 0.3
    Tenure Type
Census 2011, ABS
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Recent sales & rentals