Elermore Vale

POSTAL CODE: NSW, 2287
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Based on its average 5-year and quarterly capital gains ELERMORE VALE, 2287 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that ELERMORE VALE, 2287 obtained a 7.48% growth over a ten-year period. It ranks 1678th on our list of suburbs that property investors should look into.

ELERMORE VALE, 2287 in NSW belongs to the local government area of Newcastle.

ELERMORE VALE, 2287 has a capital gain of 2.37% for the past year, which is lower than average compared to its 44.78% growth within a five-year period.

With the median home price in ELERMORE VALE sitting at $970,000, and the average rent at $700, property owners could potentially earn a 3.75% increase in gross rental yield.

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

Surburb overview

Elermore Vale is a residential suburb in the City of Newcastle, NSW, with postcode 2287, situated between Wallsend, Rankin Park, Cardiff Heights and Lambton. The suburb is about nine kilometres west of Newcastle’s central business district, with Newcastle Road and the Newcastle Inner City Bypass among the major routes accessible from the surrounding area.

The 2021 Census recorded about 5,700 residents in Elermore Vale, with separate houses forming the predominant type of residential accommodation. Residential development extends across undulating terrain, with established neighbourhoods, parks and bushland contributing to the local landscape.

Elermore Vale does not have a railway station, making buses and private vehicles the main transport options for residents. Bus services operate through the suburb and surrounding areas, providing connections towards Wallsend, Jesmond, Newcastle and other parts of the metropolitan area.

Elermore Vale Public School provides primary education in the suburb, while secondary schools and additional educational facilities are available in Wallsend, Jesmond, and neighbouring communities. The University of Newcastle’s Callaghan campus is also within driving distance and provides tertiary education and research facilities. 

Elermore Vale Shopping Centre provides access to a supermarket and other everyday shops and services, while larger retail centres are available at Wallsend, Jesmond and Glendale.

Medical centres, pharmacies, dental practices and allied healthcare providers operate locally and in surrounding suburbs. John Hunter Hospital at New Lambton Heights is nearby and provides major emergency, hospital and specialist healthcare services for Newcastle and the wider Hunter region.

Elermore Vale contains neighbourhood parks, playgrounds and reserves that provide space for walking, play and informal outdoor recreation. Bushland corridors around the suburb provide additional settings for walking and observing native vegetation and wildlife. 

Nearby Wallsend contains sporting grounds, parks and community recreation facilities, while Jesmond Park provides additional open space and sporting areas. The Newcastle Inner City Bypass improves road access towards New Lambton Heights and surrounding employment and healthcare precincts.

Larger recreation areas, beaches and the Lake Macquarie foreshore are accessible by road from Elermore Vale.

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