Erina Heights is a quiet locality in New South Wales within the Central Coast (NSW) local government area (postcode 2260). With a population of 454, the suburb has an established demographic with a median age of 41. Households earn a median income of $147K per year, with an average household size of 3.2 people. The most common occupations are professionals, community & personal service, managers. The top ancestries reported are English, Australian, Irish.
The median house price in Erina Heights is $244,000, having dropped significantly 63.8% over the past year. Units have a median price of $1.3 million (+90.7% YoY). The current median weekly rent is $800. This gives a gross rental yield of approximately 17.0%. The median monthly mortgage repayment is $2,500.
Erina Heights is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 1124, which is well above the national average of 1,000. Public transport access includes 13 bus stops. 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 Heights offers a gross rental yield of 17.0%, rated as high yield. Property prices sit below the state median ($244K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 1.7x is considered affordable. House prices have moved -63.8% year-on-year.
Erina Heights is a quiet locality in New South Wales within the Central Coast (NSW) local government area (postcode 2260). With a population of 454, the suburb has an established demographic with a median age of 41. Households earn a median income of $147K per year, with an average household size of 3.2 people. The most common occupations are professionals, community & personal service, managers. The top ancestries reported are English, Australian, Irish.
The median house price in Erina Heights is $244,000, having dropped significantly 63.8% over the past year. Units have a median price of $1.3 million (+90.7% YoY). The current median weekly rent is $800. This gives a gross rental yield of approximately 17.0%. The median monthly mortgage repayment is $2,500.
Erina Heights is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 1124, which is well above the national average of 1,000. Public transport access includes 13 bus stops. 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 Heights offers a gross rental yield of 17.0%, rated as high yield. Property prices sit below the state median ($244K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 1.7x is considered affordable. House prices have moved -63.8% year-on-year.