Elermore Vale, NSW 2287
Elermore Vale property market
Elermore Vale's four markets run roughly even — unit rentals just edge ahead, with 66 sales at around $936k as of July 2026, taking about 17 days to sell (down from 20 days last year), one of NSW's most in-demand house markets, with 3-bedroom making up about half.
Unit rentals are nearly as big, with 57 leases at $660 a week, renting out in about 16 days, with 3-bedroom dominating at around two-thirds. Then come 55 house rentals at $725 a week (up). 50 unit sales at around $719k (among the most sought-after unit markets nationally).
Who lives hereA middle-income, mostly owner-occupied, older-leaning suburb.
House covers houses, duplexes, semi-detached and terraces; Unit covers apartments, units, townhouses and villas.
Elermore Vale demographics & population
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing and Socio-Economic Indexes for Areas (SEIFA) 2021 · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
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InsideWho lives here · What homes cost to buy & rent · How fast homes are selling · How much is for sale or rent · How it compares to nearby suburbs · Schools nearby
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Who lives in Elermore Vale?
The age structure, household make-up, and cultural fabric of the people who call this suburb home.
Share of all residents by 5-year band · hover a band for the count + split
A strongly multicultural community with deep migrant heritage.
2020–21 understated — COVID border closures.
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
Housing & affordability in Elermore Vale
What it costs to live here, who owns versus rents, and the shape of the housing stock.
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
Income & employment in Elermore Vale
Incomes, employment, and the occupation mix of the people who live here.
A typical household pulls in about 2.8× the typical individual — a multi-earner area.
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
Getting around Elermore Vale
How people get to work, and how car-dependent the suburb is — the clearest tell of inner-urban versus outer-suburban living.
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
Education · ACARA My School 2025
Schools in and around Elermore Vale
No school inside Elermore Vale itself — the closest options around it are shown. Distances are straight-line from the suburb centre and are not enrolment catchments — always confirm zones with the school.
ICSEA is ACARA’s official measure of a school’s socio-educational advantage — based mainly on parents’ education and occupation, plus the school’s location and student mix.
- No schools within 5 km — widen the radius.
Why are some State Rank and star ratings blank? Schools can choose not to publish their results. In practice, schools that score well above their state average almost always publish theirs — so a blank rating more often reflects a school opting out than a top result being hidden. Academic results also tend to rise with ICSEA Rank, so higher-ICSEA schools more often carry a strong State Rank as well.
School profile and ICSEA data sourced from ACARA — © Australian Curriculum, Assessment and Reporting Authority (data year 2025) · State Rank & star columns are Micromarkets-compiled academic ratings from publicly available school results · Distances are straight-line from the suburb centre, not catchments.
Turnover
How settled or transient the community is — and where newcomers came from.
Elermore Vale median house price & rent
Headline price, rent, yield and time on market for Elermore Vale — choose a property type and size below.
House & unit prices by bedroom
Every segment this suburb tracks — sales and rentals side by side, ranked by total activity over the last twelve months.
Elermore Vale property growth
Where each segment sits against its peers in the chosen geography — past the midline means it's outperforming the rest.
Market demandHow fast this market is moving — a velocity index built from trailing-year transaction volume and median days on market. Strong volume lifts the score; days on market drags it down, with the drag growing sharply once listings start lingering. Ranked against peers in the chosen geography.
Houses
Units
Buying vs renting in Elermore Vale
What it costs each week to own a property versus renting the same one — positive means buying carries the premium, negative means rent covers the mortgage.
How strong is demand, and which way is it heading?
Two questions on one chart — how strong demand is right now, and which way it's heading year-on-year.
Sales market velocity
Elermore Vale against the neighbourhood
Eight diagnostic views cutting the data a different way each time — Elermore Vale in blue, peers in colour.
How fast — and is it getting faster?
Housing supply & months of stock
How long current listings would take to clear at the recent rate of sales or leases. Critical shortage and Oversupply only fire at the genuine tails of the national distribution — sales tip in under 0.7 months, rentals far faster, under 0.3.
Sales market
| Segment | Band | Months of supply left | YoYYoY change12-month change in months of supply. Down means stock is tightening (fewer months than a year ago); up means stock is loosening. | ListedListedActive listings in this segment right now, derived from months of supply multiplied by the recent transaction rate. | SoldSold (last year)Total sold transactions completed in this segment over the last 12 months. | Per monthPer monthAverage monthly absorption — how many properties are sold each month in this segment, over the last 12 months. |
|---|---|---|---|---|---|---|
| Balanced | 2.7 | — | 4 | 18 | 1.5 | |
| Slightly loose | 3.4 | ▲ +1.4 | 5 | 18 | 1.5 | |
| Loose | 4.0 | ▲ +3.2 | 6 | 18 | 1.5 | |
| Loose | 4.3 | ▲ +1.1 | 6 | 18 | 1.5 | |
| Loose | 5.3 | ▲ +3.5 | 8 | 18 | 1.5 | |
| Loose | 5.6 | ▲ +4.0 | 8 | 18 | 1.5 | |
| Loose | 6.6 | ▲ +5.4 | 10 | 18 | 1.5 |
Rental market
| Segment | Band | Months of supply left | YoYYoY change12-month change in months of supply. Down means stock is tightening (fewer months than a year ago); up means stock is loosening. | ListedListedActive listings in this segment right now, derived from months of supply multiplied by the recent transaction rate. | LeasedLeased (last year)Total leased transactions completed in this segment over the last 12 months. | Per monthPer monthAverage monthly absorption — how many properties are leased each month in this segment, over the last 12 months. |
|---|
Who's transacting — buyers or tenants?
Out of every property transaction in this suburb, what share are sales versus leases — each point a rolling twelve-month window.
Elermore Vale — Units & Houses, all bedrooms
Elermore Vale median house price & rent history
Each tape traces one metric across sixty months for the selected segment — every point a trailing twelve-month figure, matching the headline KPIs above.
Five-year summaryAs of Jun 2026, the median house sale price in Elermore Vale rose from $324k (Jul 2021) to $551k (Jun 2026) — +69.9% growth over five years — peaking at $855k between Mar 2025 and Feb 2026. Median house rent went from $445/wk to $516/wk (+16.0%) over the same period. For units, the median sale price rose from $345k to $617k (+78.8%), with rent up from $274/wk to $450/wk (+64.2%) over the same period.
Suburbs near Elermore Vale: prices compared
The nearest suburbs to Elermore Vale, ranked by distance — each lined up against Elermore Vale on the same measures, so the differences jump out at a glance.
Suburbs like Elermore Vale
Suburbs anywhere in NSW that behave like Elermore Vale — matched on price, growth, selling speed and demand, not on distance. A shortlist of markets that move the same way — including ones far away you'd never think to compare. (Want the suburbs right next door instead? See Nearby markets above.)
Elermore Vale vs Maryland: the closest sales-market match trades at a median of $630k against Elermore Vale's $701k — about 10% lower, with homes selling in 12 days versus 14 days here.
Comparable sales markets to Elermore Vale: Maryland median house price, Rankin Park property growth, Cameron Park property market, Cardiff South median house price and Warabrook median house price.
Elermore Vale's closest rental-market twins: Maryland median house price, Rankin Park property growth, Cameron Park property market, Warabrook property market and Cardiff South property market. Each link opens that suburb's full market report.
Frequently asked · Elermore Vale
26 data-driven answers about Elermore Vale's property market — every one computed from the metrics above.
What things cost
Prices, rent, yield, ownership costWhat is the median house price in Elermore Vale?
#The median house price in Elermore Vale, NSW 2287 is $701k as of June 2026, based on 22 sales over the past 12 months. Houses there have moved +50.0% year-on-year. Prices vary by bedroom count, from compact two-bedroom homes to larger four-bedroom houses. See the bedroom-level breakdown below for 2-, 3- and 4-bedroom medians.
What is the median unit price in Elermore Vale?
#The median unit price in Elermore Vale, NSW 2287 is $701k as of June 2026, based on 22 sales over the past 12 months. Units have moved +50.0% year-on-year and currently trade at roughly 100% of the median house price.
How much does it cost to rent in Elermore Vale?
#The median weekly house rent in Elermore Vale is $456 as of June 2026, drawn from 15 leases over the past 12 months. Units rent for around $456 per week. House rents have moved +50.0% year-on-year. Current vacancy pressure is shown in the supply section above.
How much is rent for a 3 bedroom house in Elermore Vale?
#A 3 bedroom house in Elermore Vale rents for a median $456 per week as of June 2026, drawn from 15 leases over the past 12 months. Across other house sizes: 2-bedroom $456/week, 4-bedroom $456/week. Unit rents: 1-bedroom $456/week, 2-bedroom $456/week, 3-bedroom $456/week. Figures cover only segments with enough recent leases to be statistically meaningful; sparse segments are excluded. The segment breakdown covers rent, yield and days on market for every property type and bedroom count.
What is the gross rental yield in Elermore Vale?
#Gross rental yield in Elermore Vale is 3.42% for houses and 3.42% for units as of June 2026, compared with the NSW unit median of 4.32%. Gross yield is annual rent divided by purchase price — it doesn't account for ownership costs like council rates, strata, maintenance or vacancy.
How much is a 3 bedroom house in Elermore Vale?
#As of June 2026, Elermore Vale medians by bedroom count:
| Property | 1 bed | 2 bed | 3 bed | 4 bed | Total |
|---|---|---|---|---|---|
| Houses | — | $701k | $701k | $701k | $701k |
| Units | — | $701k | $701k | — | $701k |
Figures cover only segments with enough recent transactions to be statistically meaningful; sparse segments are excluded.
What does it cost to own versus rent at the Elermore Vale median?
#At the median Elermore Vale house ($701k purchase, $456/week rent), weekly mortgage repayments sit at roughly $634 — about $178 more per week than renting. That gap is the ownership premium. For the median unit ($701k purchase, $456/week rent), repayments run about $634 per week. Figures assume 80% LVR, a 6.0% interest rate and a 30-year principal-and-interest loan.
How the market is moving
Speed, supply, growth, cycle phaseWhat are Elermore Vale's property market trends?
#Elermore Vale's property market trends to June 2026: house prices rose +50.0% year-on-year and units +50.0%; weekly house rents moved +50.0%; homes now sell in a median 14 days — faster than a year ago by 3; sales supply sits at 5.3 months (very loose). Read together — price, rent, selling speed and supply — they show which way the Elermore Vale market is leaning. The 5-year tape and demand cycle charts above plot the full trajectory.
What does the data say about Elermore Vale as an investment?
#As of June 2026 in Elermore Vale, house prices rose +50.0% over the year, gross rental yield is 3.42% against a NSW median of 2.61%, houses take a median 14 days to sell, sales supply is 5.3 months (very loose). Capital growth, rental yield, selling speed and supply are the signals investors weigh — but these figures describe the market, not a recommendation. This is data, not financial advice; always do your own research and consider a licensed adviser.
How quickly do houses sell in Elermore Vale?
#Houses in Elermore Vale sell in a median 14 days on market as of June 2026, with units clearing slightly similarly at 14 days. Days on market have tightened by 3 days versus a year ago. Faster clearance typically coincides with stronger buyer demand and lower supply.
Is Elermore Vale a tight or loose property market right now?
#Elermore Vale's sales market sits at 5.3 months of supply for houses as of June 2026 — classified as Very Loose against the Australian distribution. Under 1.7 months is Severe (extreme shortage); over 4.5 months is Loose. The rental side is tighter still at 0.4 months of supply.
Have property prices in Elermore Vale gone up or down?
#House prices in Elermore Vale moved +50.0% over the 12 months to June 2026, while units moved +50.0%. The 5-year tape above plots the full monthly trajectory — showing where the market changed character rather than just crossing round numbers.
How active is the rental market in Elermore Vale?
#Elermore Vale's house rental market sits at 0.4 months of supply as of June 2026 — classified as Severe (extreme shortage), with 17 houses leased over the past 12 months. Units sit at 2.1 months. Tighter supply typically corresponds to faster letting and upward pressure on rents.
Where is Elermore Vale in its property market cycle?
#Elermore Vale's house market is currently in the 'in_demand_growing' phase as of June 2026 — combining above-median sales velocity nationally with year-on-year tightening in days on market. The demand cycle chart above plots all eight segments on the same demand-versus-direction axes.
How it compares
Vs state, vs nearby, vs popularHow does Elermore Vale compare to other NSW suburbs?
#Elermore Vale's median house price ($701k) is 11% below the NSW median ($785k) as of June 2026. On selling speed, houses clear in 14 days vs 23 days state median. On gross yield, Elermore Vale sits at 3.42% vs 2.61% state median.
How does Elermore Vale compare to neighbouring suburbs?
#Elermore Vale's most-similar nearby market is Maryland (2.1 km away) with a median house price of $630k — about 10% cheaper. The Nearby and Similar markets sections above rank every peer within radius and by composite similarity across price, days on market, yield, ownership cost and cycle phase.
What's the most popular property type in Elermore Vale?
#The most-transacted segment in Elermore Vale over the 12 months to June 2026 is 2 bed houses with 18 sales. 3 bed houses come second at 18 sales. The buying-versus-renting section above breaks down the top segments with weekly mortgage, rent and ownership-cost detail.
How many properties were sold and leased in Elermore Vale last year?
#Elermore Vale recorded 18 house sales and 18 unit sales over the 12 months to June 2026 — a combined 36 transactions. On the rental side, 17 houses and 17 units were leased. Segments with statistically thin samples are excluded from displayed figures.
About the area
Population, income, who lives here, schoolsWhat postcode is Elermore Vale in?
#Elermore Vale is in postcode 2287, in the Newcastle & Lake Macquarie region of NSW. Addresses there are written as Elermore Vale, NSW 2287.
What is the population of Elermore Vale?
#Elermore Vale, NSW 2287 is home to 5,295 residents (ABS Census 2021). The median resident age is 37, and the average household holds 2.0 people. The "Who lives here" section above breaks the community down by age, life stage and tenure.
What is the median household income in Elermore Vale?
#The median household in Elermore Vale earns $1k per week — roughly $55k a year (ABS Census 2021). Median personal income runs $379/week. Income, rent-to-income and mortgage-to-income context sits in the "Who lives here" section above.
What is the unemployment rate in Elermore Vale?
#The unemployment rate in Elermore Vale is 50.0% (ABS Census 2021). That sits right around the median for Australian suburbs. The rate counts people who are working or actively looking for work — not a share of all residents. Workforce participation sits at 50%. The local economy section above covers incomes, employment status and the occupation mix.
Do people own or rent in Elermore Vale?
#Elermore Vale is mostly owner-occupied: about 100% of households are owner-occupiers and 50% rent (ABS Census 2021). Of owners, 50% own outright and 50% are paying off a mortgage.
What schools are near Elermore Vale?
#Elermore Vale has 150 schools within reach — including Alesco Secondary College, Elermore Vale Public School, Newcastle Waldorf School. The Schools section above maps each one with sector, year range, enrolment, Micromarkets-compiled academic ratings and ICSEA (ACARA).
Is Elermore Vale a good place to live?
#Elermore Vale, NSW 2287 has a population of 5,295, a median age of 37, a median household income around $1k/week, 50% of households renting (ABS Census 2021). There are 150 schools within reach. Whether it's the right fit depends on your priorities — these figures describe the community, housing mix and amenity rather than offer a verdict.
About this data
Methodology and update cadenceWhen was this Elermore Vale market data last updated?
#This Elermore Vale market data was last updated July 2026, covering the 12 months to June 2026. Figures are computed monthly from 12-month rolling windows of recorded sales and leases, with five years of monthly history behind the trend charts. Methodology, glossary and data sources are linked in the footer.