Question 1

Is Erskineville a nice place to live?

Accepted Answer

Erskineville sits in Sydney’s inner west and has a village atmosphere with a close-knit, urban character. Narrow, tree-lined streets of well-preserved Victorian terraces, workers' cottages and converted warehouses create a mix of historic charm and inner-city living. A compact shopping strip and cafes along Erskineville Road, several pubs, Erskineville Oval and small pocket parks keep everyday amenities close at hand, while the station and regular buses make the CBD and neighbouring Newtown and Alexandria easy to reach.

The suburb tends to attract young professionals, creatives and small families. It is home to 9,657 people, has a median age of 34 and a typical household income of $3,020 a week. Homes are more often rented than owner-occupied, with 54.1% rented. Recent transport upgrades at the station added a new footbridge, lifts and a southern Bridge Street entrance, and the City is progressing cycleway links and upgrades to local open space and community facilities. Whether Erskineville suits you will come down to whether you want inner-city access combined with a compact, village-style neighbourhood.

Question 2

Is it expensive to live in Erskineville?

Accepted Answer

Buying in Erskineville sits well above what a typical local household earned at the last Census: the median house price of $1,825,000 is about 11.6 times a typical local annual household income at the last Census, while the median unit price of $1,122,500 is about 7.1 times that income. Renting is less stretched than buying but still significant — the average house rent of $980 a week would take about 32.5% of a typical local household's weekly income at the last Census (roughly a third), and the average unit rent of $890 a week would take about 29.5%.

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 Erskineville a good place to invest?

Accepted Answer

House values in Erskineville climbed a solid 7.5% over the past 12 months while the rent those houses earn fell a modest 2.0%, so on the house side the year has been driven more by capital growth than by rental income. Units show a different pattern: unit rents rose a moderate 4.7% while unit values edged up 1.9%, so rental income outpaced capital growth for units over the year. Whether that balance suits you depends on your goals and circumstances.

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	$1.82M	$1.12M
Change in value Past 12 months	7.5%	1.9%
Sold Past 3 months	28	28
Median days on market Past 12 months	31	44
Average rent Past 12 months	$980	$890
Change in rent Past 12 months	-2.0%	4.7%

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