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Erskineville, NSW 2043

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Erskineville, NSW 2043 located in Sydney to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

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Rent 

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Yield 

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Buy 

1BR

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Rent 

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Yield 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Erskineville, NSW 2043”

  1. The total adult population (15 years or older) of Erskineville 2043 NSW is 8,607, with a median age of 34. Of those, 25.65% are married, 8.46% are divorced or separated, 64.41% are single and 1.57% are widowed.

    The average household size is 2.0 people per dwelling, and the median household monthly income is estimated to be $15,064. The median monthly mortgage repayment for households in this suburb is $2,800 which is 18.59% of their earnings.

    Source: ABS Census Data (2021)

  2. Text: Home to an estimated 5748 households, the vibrant suburb of Erskineville 2043 is a key player in the New South Wales property market. As of Q3 2023, typical house prices in this region averaged at $1,784,154, with median weekly rents circling $999. This scenario combines to deliver an indicative yield of 2.91%, which although may be slightly lower than the preferred 3%, is still a promising figure for cashflow-focused property investors.

    Possessing an impressive IRSAD score of 1185 out of 1217, Erskineville demonstrates a high socio-economic positioning. The community is observed to have a healthy financial standing with extensive access to economic resources – a factor particularly attractive to house buyers and real estate investors.

    In Erskineville, the renter to owner ratio is 53%, which veers towards a higher concentration of rental properties in the area, pushing it into the less preferred space for long-term returns due to increased risk of competition with similar investors. However, it’s important to understand that this isn’t always a deterring factor if other metrics are favourable.

    The units to house ratio currently stands at 65%, indicating that the market could potentially experience an over-saturation of units over a period of time. Despite this, it remains conducive for landlords who face lesser competition for tenants, given the significant presence of houses in the suburb.

    The locality’s affordability index is noted at a substantial 46 years, indicating a lower degree of affordability. Nevertheless, as trends fluctuate, so too does investing potential, which is why it is critical to stay abreast of changing market conditions.

    The current stock on market Percentage for houses is a favourable 0.16%, indicating a considerably low supply which can lead to increased property demand. Added to this, the inventory level stands at a low 0.59 months. With a negligible building approvals Ratio for houses, the market enjoys a demand-driven growth at present.

    Erskineville’s days on market (DoM) average for houses is commendably low at 20 days, signaling an accelerated demand for property in the region. The combined vacancy rate for houses and units stands at 2.25%, indicating a neutral level of demand. Additionally, boasting a buy search index of 4, interest in local property is consistent, highlighting the potential growth and positive cashflow possibilities in Erskineville’s 2043 post-code region.

    Despite some metrics leaning towards the unfavourable zones, a majority of trends exhibit favourable movements, reinforcing Erskineville 2043 as a worthy property market to consider. HtAG Analytics’ Relative Composite Score (RCS) can streamline this research process, analysing over 80 metrics to exhibit a clear picture of promising investment locales.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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