Elermore Vale is a suburb on the outskirts of Newcastle, New South Wales. Before the 1900s, this area was used primarily for cattle farming, coal mining and chicken farming. It has a population of 5,526 as per 2016 census. Elermore Vale suburb got established after the 1960s when a primary school opened and there were more settlers. The suburb has a good bus transport, schools and shopping. Macquarie College located here is one of Newcastle’s finest private schools. The suburb has proximity to excellent amenities like libraries, clubs, pubs, shopping, community centres, bicycle and cycling clubs and others. Since opening a retirement village, there are many seniors here. The suburb has a population of older couples and families and retired couples and families along with youngsters. The suburb is perfect for families with kids, singles and professionals. It is a wonderful neighbourhood with good options to buy and sell homes.
Real Estate in Elermore Vale
Median selling price for houses here is $569,000. This is at a decrease of -2.7% in the period April 2019 – March 2020 compared to last year. Median selling price of homes in the previous year was $585,000. Total sales of homes was 76 in the financial year 2020 time period. Home sales peak in September, October, November and December every year. The median rent for homes is $400 per week at a growth rate of 3.7%. This is for 61 homes that went on rent in the last 12 months. Median selling price for units here is $455,000 . Last year’s median selling price was $409,000. This is at an increase of 11.2% as compared to previous year for 89 units that were sold in the last two financial year periods. The median rent for units is $370 per week at an increase of 4.2% over previous year. This is based on 51 unit rentals in the last 12 months. Elermore Vale is good for property management as you can buy and sell homes and units currently.
Population in Elermore Vale
This suburb has a mixed population. There are 43% couples, 38% are couples with no children and 17% are single-parent families. Seniors above the age of 60 are over 1600 people. Between 40 to 59 years, there are about 1300 people, and between 20 to 39 years there are about 1400 people. Below 5 years, there are about 350 babies and toddlers while between 5 to 19 years, there are about 1000 children.
Income in Elermore Vale
Weekly household income is $1500+ for about 900 households. The same is between $500 to $1499 per week for another 750 households. About 350 households earn below $500 per week. 35% of the suburb’s residents are employed in full-time work, 20% in part-time work, 3% are unemployed and 35% are not in labour force accounting for children and babies. These figures are as per 2011 statistics. 74% of them drive their car to work and 3% work from home.
Homes in Elermore Vale
There are 78% separate houses as types of dwellings along with 20% semis or terraces and 2% flats. 36% homes are fully owned, 34% are purchasing homes and 25% are living in rented accommodation. Real estate here is good for both investment and rental purposes. No Bull Real Estate is a well-known real-estate agent with a credible reputation. They specialise in Property Management and help you in getting good real estate investments.
For further information about real estate in this area, contact No Bull Real Estate, your most reliable and friendly real estate agents in Newcastle and Lake Macquarie. Buying, selling, leasing for residential, commercial, industrial property, contact your local expert to buy, sell or lease today on 49552624 or https://www.nobullrealestate.com.au