Ermington is a well-established suburb in New South Wales within the Parramatta local government area (postcode 2115). With a population of 12,686, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $104K per year, with an average household size of 2.8 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are Australian, Chinese, English.
The median house price in Ermington is $2.0 million, having risen modestly 1.7% over the past year. Units have a median price of $763,000 (-4.7% YoY). The current median weekly rent is $750. This gives a gross rental yield of approximately 2.0%. The median monthly mortgage repayment is $2,600.
Ermington is served by 2 schools, including 2 primary. The average ICSEA score is 1014, which is around the national average of 1,000. Public transport access includes 60 bus stops. The crime rate in the Parramatta LGA is below average at 3,186 incidents per 100,000 population.
From an investment perspective, Ermington offers a gross rental yield of 2.0%, rated as low yield. Property prices are near the state median ($2.0M/$1.5M). The price-to-income ratio of 18.9x is considered stretched. House prices have moved +1.7% year-on-year.
Ermington is a well-established suburb in New South Wales within the Parramatta local government area (postcode 2115). With a population of 12,686, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $104K per year, with an average household size of 2.8 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are Australian, Chinese, English.
The median house price in Ermington is $2.0 million, having risen modestly 1.7% over the past year. Units have a median price of $763,000 (-4.7% YoY). The current median weekly rent is $750. This gives a gross rental yield of approximately 2.0%. The median monthly mortgage repayment is $2,600.
Ermington is served by 2 schools, including 2 primary. The average ICSEA score is 1014, which is around the national average of 1,000. Public transport access includes 60 bus stops. The crime rate in the Parramatta LGA is below average at 3,186 incidents per 100,000 population.
From an investment perspective, Ermington offers a gross rental yield of 2.0%, rated as low yield. Property prices are near the state median ($2.0M/$1.5M). The price-to-income ratio of 18.9x is considered stretched. House prices have moved +1.7% year-on-year.