Elermore Vale Property Management
Elermore Vale is a suburb on the western outskirts of Newcastle city in New South Wales, Australia.
This small suburb has about 5,500 people according to 2016 census. This suburb became residential only at the turn of the 20th century. Before that cattle rearing, farming and coal mining were primarily done here. Today, it is a popular suburb especially with families having school going children. It also has a Retirement Village that attracts older residents.
Elermore Vale has good access to schools and shopping. It has its own gymnasium. Sporting fields, parks and reserves provide good sporting and recreational facilities. It has two primary schools and three childcare facilities.
Elermore Vale has limited public transport. There is only a limited bus service till 7 pm. It does have its own shopping centre with a good supermarket and other businesses.
Real Estate in Elermore Vale
Median selling price of homes is $590,000. There is a small growth rate of 4% compared to last year. Median selling price of homes in 2017-18 was $567,500. Total of 55 houses were sold in the period Apr 2018 - Mar 2019. It is seen that home sales peaked in May, September and November. Average weekly home rental in this suburb is $410 and is at a growth of 3.6% annually. Last year, number of home rentals was 69.
A unit in Elermore Vale costs $375,000. This is at a decline of 12.8%. Unit median price last year was $429,975. 101 units were sold in the last year. Current median weekly unit rent is $325 at a growth rate of 4.5%. Total rentals in the previous year were 41. Purchased and fully-owned properties comprise 42% of all real estate here. Rented properties are 55% of all real estate as per 2016 data of ABS (Australian Bureau of Statistics).
Elermore Vale is good for property management. Its residents love its housing and beautiful surroundings.
Population in Elermore Vale
Elermore Vale has a mix of couples and seniors. There are 81% couples. 38% of whom have no children, and 17% are one-parent homes. 1500 seniors are above the age of 60 years. 1300 people are between 40 to 59 years, and more than 1375 people are between 20 to 39 years. 1000 little children are below 5 years of age while there are 400 children and teens. 850 people earn $1500+ weekly while 600 people earn between $500 to $1449 per week. The remaining earn below $499 per week. Full-time and part-time workers constitute 55% of the suburb’s residents. 35% of the residents are not in the workforce. 74% of the workers drive their car to work.
The dwellings comprise of 2% flats, 20% semis/terraces and 78% separate houses in this suburb. 36% homes are fully owned. 34% people are purchasing homes and 25% are renting accommodations. No Bull Real Estate are reputed Property managers in Newcastle who can help you make the correct and most suitable real-estate choices. They specialise in Property Management and real estate investments.
For further information about real estate deals in this area, contact No Bull Real Estate, your most reliable and friendly real estate agents in Newcastle. Buying, selling, leasing for residential, commercial, industrial property, contact your local expert to buy, sell or lease today on 49552624 or www.nobullrealestate.com.au