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Ermington
AREA REPORTS

Ermington

Ermington - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2115

house
unit

A steady increase in median property prices over a five-year period in the suburb translates to a 4.03% 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 $1,368,000

The augmented property values in the suburb are trailing behind the territorial average of 14.76% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $580.

Home owners selling their properties and realtors in ERMINGTON usually have to wait an average of 61.2 days days before their assets are lifted off the market.

The NSW suburb ranks 950th on the list of best yielding suburbs for rental properties in NSW, posting a 2.2% return.

It also places places 717th in Australia based on median property value growth during the quarter.

Data report can be found below

Ermington
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,368,000 $775,000
GROWTH REPORT
Median Quarterly 5.23% 0.32%
Median 12 month 9% 5.8%
Median 3 years 4.03% -1.9%
Median 5 years 18.96% 1.97%
10 years average annual 8.36% 3.56%
Weekly media advert. rent $580 $490
Time on Market 61.2 days 60.4 days
Gross Rental Yield Percent 2.2% 3.29%
demographics (median values)*
Total Population
10737
Weekly Household Income
1620
Household Size
2.90
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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