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Erskineville
AREA REPORTS

Erskineville

Erskineville - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2043

house
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 $1,400,000.

The downward trend in home prices in ERSKINEVILLE, 2043 averaged -0.56% per annum over a 3-year period.

Average weekly rents on listings have reached the $750 mark, reflecting a 2.79% increase in returns based on the current median price in ERSKINEVILLE.

An average of 5.92 real estate transactions take place per month in ERSKINEVILLE which translates to 71 per annum.

71 properties were sold in ERSKINEVILLE in 2016, making it the 172nd most active market in NSW based on total real estate transactions.

ERSKINEVILLE, 2043 places 1134th in Australia based on median property value growth during the quarter.

Data report can be found below

Erskineville
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,400,000 $923,325
GROWTH REPORT
Median Quarterly 0.36% 0%
Median 12 month -5.41% -6.02%
Median 3 years -1.69% 0.36%
Median 5 years 17.94% 9.92%
10 years average annual 6.42% 6.5%
Weekly media advert. rent $750 $577.25
Time on Market 32.8 days 44.0 days
Gross Rental Yield Percent 2.79% 3.25%
demographics (median values)*
Total Population
8014
Weekly Household Income
2482
Household Size
2.10
Age
34
Monthly Loan Repayment
2600
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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