Elermore Vale is a mid-sized suburb in New South Wales within the Newcastle local government area (postcode 2287). With a population of 6,057, the suburb has an established demographic with a median age of 42. Households earn a median income of $81K per year, with an average household size of 2.5 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Elermore Vale is $850,000, having dropped significantly 11% over the past year. Units have a median price of $837,000 (+21.3% YoY). The current median weekly rent is $620. This gives a gross rental yield of approximately 3.8%. The median monthly mortgage repayment is $1,842.
Public transport access includes 70 bus stops. The crime rate in the Newcastle LGA is moderate at 6,194 incidents per 100,000 population.
From an investment perspective, Elermore Vale offers a gross rental yield of 3.8%, rated as moderate yield. Property prices sit below the state median ($850K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 10.4x is considered stretched. House prices have moved -11.0% year-on-year.
Elermore Vale is a mid-sized suburb in New South Wales within the Newcastle local government area (postcode 2287). With a population of 6,057, the suburb has an established demographic with a median age of 42. Households earn a median income of $81K per year, with an average household size of 2.5 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Elermore Vale is $850,000, having dropped significantly 11% over the past year. Units have a median price of $837,000 (+21.3% YoY). The current median weekly rent is $620. This gives a gross rental yield of approximately 3.8%. The median monthly mortgage repayment is $1,842.
Public transport access includes 70 bus stops. The crime rate in the Newcastle LGA is moderate at 6,194 incidents per 100,000 population.
From an investment perspective, Elermore Vale offers a gross rental yield of 3.8%, rated as moderate yield. Property prices sit below the state median ($850K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 10.4x is considered stretched. House prices have moved -11.0% year-on-year.