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Erskine Park

Suburb Profile

Erskine Park - FREE 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.

Investors saw the median home price rise to $729,000.

Profits due to an downward trend in home prices in the suburb averaged -0.29% per annum over a 3-year period.

ERSKINE PARK now ranks at the 594th 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 low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $420 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 39.7 days.

In 2016, 62 properties were sold in ERSKINE PARK during the past year, making it the 248th most active market in NSW based on total real estate transactions.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $729,000 N/A
GROWTH REPORT
Median Quarterly 1.74% N/A
Median 12 month -2.15% N/A
Median 3 years -0.88% N/A
Median 5 years 27.72% N/A
10 years average annual 6.34% N/A
Weekly media advert. rent $420 N/A
Time on Market 39.7 days N/A
Gross Rental Yield Percent 3% N/A
demographics (median values)
Total Population
6917
Weekly Household Income
1523
Household Size
3.60
demographics
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