2. NSW
  3. Newcastle

Houses Units

Here you can find what you need to know about Elermore Vale, NSW, including house prices in the area, median values, annual growth, recent sale prices, maps, a suburb profile and much more.

Suburb Insights
for Houses in last 12 months

At a Glance

$830K Median Sale Price (National Average $485k) 969th In NSW
0.30% Median Sale Price Change (1yr) (National Average 4.30%) 991st In NSW
$625pw Median Rent (National Average $395) 690th In NSW
3.9% Median Gross Yield (National Average 4.24%) 281st In NSW
Properties sold 75
Average discounting -6.63%
Average Days on Market 55
Stock on Market 43 for sale

Investment Strategy Scores

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Example Only
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How we calculate the suburb Cash Flow Score

The suburb Cash Flow Score is simply the average of all the individual Cash Flow Scores for each property in that suburb.

A higher score indicates the suburb is more likely to contain properties that deliver an above average gross yield.

Elermore Vale, NSW National
Median
Gross Yield

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Capital Growth Score

The suburb Capital Growth Score is simply the average of all the individual Capital Growth Scores for each property in that suburb.

A higher score indicates the suburb has recently experienced significant capital growth and the short term outlook for further growth is likely to be good given strong market health indicators.

Elermore Vale, NSW National
Change in Median
Price (1 yr)
Average Days
on Market
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Lower Risk Score

The suburb Lower Risk Score is simply the average of all the individual Lower Risk Scores for each property in that suburb.

A higher score indicates the suburb has increased in value over a longer period so is less likely to only be due to recent market forces. It is also likely to contain properties that command higher rent than average and therefore attract higher income tenants. Furthermore, properties in this suburb are likely to be easier to sell in the future due to strong market health indicators.

Elermore Vale, NSW National
Average Days
on Market
Change in Median Price
(5 yr)
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.

Development Permits for Houses

Building permits are provided for council approved development applications. Where the available permits contain the type of development, date of submission, the date of approval, estimated build cost, estimated development area, builder and materials listed.

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Property Prices in Elermore Vale


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State Auction Clearance Rates


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Local Schools


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Suburb Information

Elermore Vale, NSW 2287

Part of: Newcastle Council No data available

The size of Elermore Vale is approximately 4.8 square kilometres. It has 22 parks covering nearly 12% of total area. The population of Elermore Vale in 2011 was 5,186 people. By 2016 the population was 5,516 showing a population growth of 6.4% in the area during that time. The predominant age group in Elermore Vale is 0-9 years. Households in Elermore Vale are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Elermore Vale work in a professional occupation. In 2011, 69.5% of the homes in Elermore Vale were owner-occupied compared with 70.3% in 2016. (source: Australian Bureau of Statistics)

View all properties for sale in Elermore Vale

Demographic data provided
by Australian Bureau of Statistics

Market Trends for Elermore Vale   for Houses in last 12 months


There have been 75 Houses sold in Elermore Vale in the past 12 months with a median sale price of $830K, up 0.3% annually. It takes on average 27 days to sell with vendor discounting of -6.6%.

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Suburb Median Sale Price Change (1yr) Median Sale Price Median Rent Median Gross Yield
Eli Waters QLD, 4655 8.98% $619,000 $598pw 5.0% View Suburb Profile
Holland Park West QLD, 4121 23% $1,230,000 $660pw 2.8% View Suburb Profile
Wallsend NSW, 2287 3.45% $750,000 $585pw 4.1% View Suburb Profile
Surf Beach NSW, 2536 -5.45% $780,000 $550pw 3.7% View Suburb Profile
Ardeer VIC, 3022 3.61% $675,000 $470pw 3.6% View Suburb Profile
Rankin Park NSW, 2287 2.71% $852,500 $650pw 4.0% View Suburb Profile

Currency

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