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Median values are calculated based on data over a 12 month period.
Data is provided by CoreLogic. CoreLogic is a leading provider of consumer, financial and property information, analytics and services to business and government. About this data
Median values are calculated based on data over a 12 month period.
Data is provided by CoreLogic. CoreLogic is a leading provider of consumer, financial and property information, analytics and services to business and government. About this data
Market Report
In Erskine, the median property price for a house is currently 650,000 with annual capital growth of 27.90 . There were 143 house sales in the past 12 months. On average, houses spend 10 days on market.
If you're thinking about buying an investment property in Erskine, consider that rental yields for houses are currently 4.71 with an average median rent of 600 weekly. Houses have seen 5.69 growth in the past quarter, and 27.90 growth in the past 12 months.
The size of Erskine is approximately 8.3 square kilometres. It has 13 parks covering nearly 11.2% of total area. The population of Erskine in 2011 was 4,100 people. By 2016 the population was 4,650 showing a population growth of 13.4% in the area during that time. The predominant age group in Erskine is 70-79 years.
Households in Erskine are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Erskine work in a trades occupation. In 2011, 65.8% of the homes in Erskine were owner-occupied compared with 69.5% in 2016.
In Erskine, the median property price for a unit is currently 403,000 with annual capital growth of -2.89 . There were 51 unit sales in the past 12 months. On average, units spend 14 days on market.
If you're thinking about buying an investment property in Erskine, consider that rental yields for units are currently 5.81 with an average median rent of 520 weekly. Units have seen -8.93 growth in the past quarter, and -2.89 growth in the past 12 months.
The size of Erskine is approximately 8.3 square kilometres. It has 13 parks covering nearly 11.2% of total area. The population of Erskine in 2011 was 4,100 people. By 2016 the population was 4,650 showing a population growth of 13.4% in the area during that time. The predominant age group in Erskine is 70-79 years.
Households in Erskine are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Erskine work in a trades occupation. In 2011, 65.8% of the homes in Erskine were owner-occupied compared with 69.5% in 2016.
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| Key Market Data | House | Unit |
| Median price | 650,000 | 403,000 |
| Quarterly growth | +5.69 | -8.93 |
| 12-month growth | +27.90 | -2.89 |
| Average annual growth | +10.81 | +11.61 |
| Weekly median rent | 600 | 520 |
| Gross rental yield | 4.71 | 5.81 |
| Number of Sales (12m) | 143 | 51 |
| Avg. Days on Market (12m) | 10 | 14 |
| Key Demographics | 2011 | 2016 |
| Total population | 4,100 | 4,650 |
| Population change (5y) | +32.34 | +13.40 |
| Median household income (p/w) | 826 | 928 |
| Household income change (5y) | +1.47 | +12.35 |
| Median age of persons | 54 | 59 |
Demographic Trends
Better understand demographic trends by reviewing the latest suburb demographic data below.
The population of Erskine was 4,650 in 2016, a +13.40 change compared to 2011.
The predominant age group in Erskine is 70-79 years.
The population of Erskine was 4,650 in 2016, a +13.40 change compared to 2011.
The predominant age group in Erskine is 60-69 years.
Most of the population in Erskine were born in Australia.
Most of the population in Erskine were born in Australia.
Most of the population in Erskine report their religion as No Religion.
Most of the population in Erskine report their religion as Anglican.
Most of the population in Erskine report their income range as between 33,000 and 52,000 .
The median household income in Erskine was 928 in 2016, a +12.35 change compared to 2011.
Most of the population in Erskine report their income range as between 15,000 and 31,000 .
The median household income in Erskine was 826 in 2011, a +1.47 change compared to 2006.
Most of the population in Erskine work as Trades.
Most of the population in Erskine work as Trades.
The chart below demonstrates the various levels of education in Erskine.
The chart below demonstrates the various levels of education in Erskine.
Most of the population in Erskine reached a qualification level of Certificate.
Most of the population in Erskine reached a qualification level of Certificate.
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