Ermington

POSTAL CODE: NSW, 2115

HOUSE

UNIT

A steady increase in median property prices over a five-year period in the suburb translates to a 10.29% capital gain.

It 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 $1,930,000

The augmented property values in the suburb are trailing behind the territorial average of 5.34% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $900.

Home owners selling their properties and realtors in ERMINGTON usually have to wait an average of 72.7 days days before their assets are lifted off the market.

The NSW suburb ranks 902nd on the list of best yielding suburbs for rental properties in NSW, posting a 2.42% return.

It also places places th in Australia based on median property value growth during the quarter.

Property investors enjoyed capital gains of 8.11% over the last 12 months in ERMINGTON, translating to lower returns compared with its peers in NSW.

A survey of average capital gains or median home price increase in suburbs across the country shows that ERMINGTON, 2115 obtained a 0.37% growth over a ten-year period. It ranks 1842nd on our list of suburbs that property investors should look into.

ERMINGTON, 2115 has a capital gain of 8.11% for the past year, which is higher than average compared to its 5.96% growth within a five-year period.

With the median home price in ERMINGTON sitting at $800,000, and the average rent at $750, property owners could potentially earn a 4.88% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in ERMINGTON are high, as opposed to average gains per annum over the past five years.

ERMINGTON, 2115 in NSW belongs to the local government area of Parramatta.

Surburb overview

Ermington, located approximately 19 kilometres west of Sydney's central business district, is a riverside suburb within the City of Parramatta. Situated on the northern bank of the Parramatta River, it offers a blend of residential areas and green spaces.

According to the 2021 Census, Ermington had a population of 13,181 residents living in 5,079 dwellings, with an average household size of 2.6. The suburb exhibits cultural diversity, with the three largest ancestries being Chinese, Australian, and English.

Public transportation in Ermington includes several bus routes operated by Busways, such as the 523, 524, and 544, connecting to Parramatta, West Ryde, and Macquarie Park. The nearest train stations are West Ryde and Meadowbank, providing access to the T9 Northern Line. Additionally, the Parramatta River ferry service is accessible via nearby wharves.

Ermington Public School, located on Winbourne Street, offers primary education with facilities that include interactive whiteboards in all classrooms and a comprehensive creative and performing arts program. The suburb also hosts childcare and early learning centres, such as Being Ermington River Road and Being Ermington Lambert Avenue.

Ermington boasts numerous parks and recreational facilities. George Kendall Riverside Park is a prominent 27.2-hectare reserve featuring sports fields, playgrounds, picnic areas, and walking and cycling paths along the Parramatta River. Other parks include Halvorsen Park, known for its nautical-themed playground, and Thomas Wemyss Park, offering playground facilities.

Ermington's combination of cultural diversity, accessible transportation, educational institutions, and recreational amenities contributes to its appeal as a residential suburb.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,930,000	$800,000
Growth Report
Median Quarterly	0%	2.96%
Median 12 month	-1.03%	8.11%
Median 3 years	10.29%	11.89%
Median 5 years	53.48%	5.96%
10 years average annual	6.24%	0.37%
Weekly media advert. rent	$900	$750
Time on Market	72.7 days	54.9 days
Gross Rental Yield Percent	2.42%	4.88%

Demographics (Median Values)*

Total Population 10737

Weekly Household Income 1620

Household Size 2.90

Average Age 37

Monthly Loan Repayment 2461

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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