Erina is a mid-sized suburb in New South Wales within the Central Coast (NSW) local government area (postcode 2250). With a population of 5,205, the suburb has an older demographic with a median age of 61. Households earn a median income of $53K per year, with an average household size of 2.1 people. The most common occupations are professionals, clerical & administrative, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Erina is $1.3 million, having declined 4.4% over the past year. Units have a median price of $550,000 (-10.9% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 2.6%. The median monthly mortgage repayment is $2,146.
Erina is served by 3 schools, including 1 primary, 1 secondary, 1 combined. The average ICSEA score is 1050, which is above the national average of 1,000. Public transport access includes 42 bus stops. Healthcare facilities include 1 private hospital. The crime rate in the Central Coast (NSW) LGA is below average at 3,528 incidents per 100,000 population.
From an investment perspective, Erina offers a gross rental yield of 2.6%, rated as low yield. Property prices are near the state median ($1.3M/$1.5M). The price-to-income ratio of 25.1x is considered stretched. House prices have moved -4.4% year-on-year.
Erina is a mid-sized suburb in New South Wales within the Central Coast (NSW) local government area (postcode 2250). With a population of 5,205, the suburb has an older demographic with a median age of 61. Households earn a median income of $53K per year, with an average household size of 2.1 people. The most common occupations are professionals, clerical & administrative, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Erina is $1.3 million, having declined 4.4% over the past year. Units have a median price of $550,000 (-10.9% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 2.6%. The median monthly mortgage repayment is $2,146.
Erina is served by 3 schools, including 1 primary, 1 secondary, 1 combined. The average ICSEA score is 1050, which is above the national average of 1,000. Public transport access includes 42 bus stops. Healthcare facilities include 1 private hospital. The crime rate in the Central Coast (NSW) LGA is below average at 3,528 incidents per 100,000 population.
From an investment perspective, Erina offers a gross rental yield of 2.6%, rated as low yield. Property prices are near the state median ($1.3M/$1.5M). The price-to-income ratio of 25.1x is considered stretched. House prices have moved -4.4% year-on-year.