Question 1

Is Ermington a nice place to live?

Accepted Answer

Ermington sits on the Parramatta River and has leafy streets and foreshore reserves for walking, cycling and weekend leisure. Housing is largely detached postwar homes and weatherboard cottages, with pockets of newer medium-density near the river and main roads. The suburb attracts families and professionals who want a quieter suburban feel while keeping easy bus links and road connections to Parramatta and neighbouring centres.

About 12,686 people live in Ermington and the median age is 37. Households are weighted towards families: couple families with children make up 53.2% of families and, with couple families without children, account for 82.8% of family households. More homes are owner-occupied than rented. Local shops and riverfront green space give a practical, family-oriented character, and several transport and school upgrades are planned or under way, including Parramatta Light Rail works and a school expansion adding a preschool and extra classrooms; enabling works have also led to temporary changes at the Ermington Boat Ramp. Whether it suits you depends on what you value in a suburb.

Question 2

Is it expensive to live in Ermington?

Accepted Answer

Buying a house in Ermington sits well above local incomes at the last Census: the median house price of $1,900,000 is about 18.3 times a typical local annual household income at the last Census. On the rental side, $1,000 a week for a house would use about 50.2% of a typical local household's weekly income at the last Census, while $735 a week for a unit would use about 36.9%. That means buying is much more stretched against the incomes recorded at the last Census, and renting still takes a sizeable to large share of income; whether that feels expensive depends on your own circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Ermington a good place to invest?

Accepted Answer

The standout movement in Ermington over the past year is the strong rise in house rents, which climbed 14.9%. House values increased a more modest 4.7% over the same 12 months.

On the unit side, rents rose a solid 5.0% while unit values went up a modest 2.2%. In other words, rental income grew faster than capital values this year, particularly for houses; whether that pattern matches your goals and circumstances is for you to weigh up.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$1.90M	N/A
Change in value Past 12 months	4.7%	2.2%
Sold Past 3 months	30	8
Median days on market Past 12 months	57	37
Average rent Past 12 months	$1000	$735
Change in rent Past 12 months	14.9%	5.0%

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