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AREA REPORTS

Erskineville

Erskineville - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2043

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unit

Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.

The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,402,000.

The downward trend in home prices in ERSKINEVILLE, 2043 averaged -0.65% per annum over a 3-year period.

Average weekly rents on listings have reached the $730 mark, reflecting a 2.71% increase in returns based on the current median price in ERSKINEVILLE.

An average of 5.25 real estate transactions take place per month in ERSKINEVILLE which translates to 63 per annum.

63 properties were sold in ERSKINEVILLE in 2016, making it the 246th most active market in NSW based on total real estate transactions.

ERSKINEVILLE, 2043 places 1117th in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,402,000 $911,400
GROWTH REPORT
Median Quarterly -1.68% -1.2%
Median 12 month 7.85% 3.57%
Median 3 years -1.96% -1.47%
Median 5 years 19.32% 12.52%
10 years average annual 6.28% 6.56%
Weekly media advert. rent $730 $600
Time on Market 54.9 days 43.4 days
Gross Rental Yield Percent 2.71% 3.42%
demographics (median values)
Total Population
6556
Weekly Household Income
1668
Household Size
2.10
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