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Erskine Park
AREA REPORTS

Erskine Park

Erskine Park - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2759

house

ERSKINE PARK, 2759 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in NSW have risen as a whole, pulling ERSKINE PARK, 2759 values up and netting property investors a capital gain of 12.57% for the past year.

Investors saw the median home price rise to $824,000.

Profits due to an upward trend in home prices in the suburb averaged 2.81% per annum over a 3-year period.

ERSKINE PARK now ranks at the 172nd place on a list of fastest growing suburbs in the territory.

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

Because of this real estate investors could earn a rental income of $480 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In ERSKINE PARK, homes and units usually stay on listing for an average of 20.9 days.

In 2016, 60 properties were sold in ERSKINE PARK during the past year, making it the 289th most active market in NSW based on total real estate transactions.

Data report can be found below

Erskine Park
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $824,000 N/A
GROWTH REPORT
Median Quarterly 12.11% N/A
Median 12 month 12.57% N/A
Median 3 years 8.42% N/A
Median 5 years 20.07% N/A
10 years average annual 7.17% N/A
Weekly media advert. rent $480 N/A
Time on Market 20.9 days N/A
Gross Rental Yield Percent 3.03% N/A
demographics (median values)*
Total Population
26332
Weekly Household Income
1916
Household Size
3.20
Age
34
Monthly Loan Repayment
1993
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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