Erskineville (postcode 2043) is a moderately sized suburb in New South Wales within the Sydney local government area. It is home to about 9,657 residents, with a mix of young professionals and families and a median age of 34. Households earn a median income of $157K per year, with an average household size of 2 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.8% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward professional services and finance & insurance. The top ancestries reported are English, Australian, Irish.
Median house prices in Erskineville stand at $1.9 million, having edged higher by 1.7% over the last twelve months. Units have a median price of $1.3 million (+23.6% YoY). The current median weekly rent is $975. This gives a gross rental yield of approximately 2.7%. The median monthly mortgage repayment is $2,800.
Erskineville is served by 2 schools, including 2 primary. The average ICSEA score is 1150, which is well above the national average of 1,000. Public transport access includes 12 bus stops. The crime rate in the Sydney LGA is moderate at 7,608 incidents per 100,000 population.
From an investment perspective, Erskineville shows a gross rental yield of approximately 2.7%, rated as low yield. Property prices are near the state median ($1.9M/$1.5M). The price-to-income ratio of 12.1x is considered stretched. House prices have moved +1.7% year-on-year. Population growth of +1.8% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.