Market Research | Ermington Property Flipping

Market Overview

Ermington is a family-friendly suburb located approximately 15 kilometers from Sydney CBD, with a population of 10,994 to 12,686 residents (2021 Census). The suburb is projected to grow to 13,696 residents by 2025 and 18,701 residents by 2046, indicating long-term growth potential.

Current Market Snapshot (2024-2025)

Median House Price: $1,920,000
Median Unit Price: $745,000
Annual Capital Growth Rate: 3.78% for houses
Compound Growth Rate: 2.7% for houses, 1.1% for units

Market Activity

Total Properties Sold (Past 12 Months): Approximately 150-236 properties
Average Time on Market:
- Houses: 40-43 days
- Units: 29-31 days

Price Breakdown by Property Type

Two-bedroom houses: $788,000
Three-bedroom houses: $1,850,000
Four-bedroom houses: $1,900,000

Property Availability (Current)

Houses for Sale: 211
Apartments for Sale: 182
House and Land Packages: 4
New Properties: 22

Market Trends and Forecasts

Recent Price Trends

1-Year Growth: 3.8% for houses
2-Year Growth: 15.15% for houses
Compound Growth Rate:
- Houses: 2.7%
- Units: 1.1%

Price Trends Over Time

Analysis of recent sales data shows a slight upward trend in property prices from 2023 to 2024.

2025 Market Forecast

Expert Predictions: 65% of real estate professionals predict house prices will rise in 2025
Rental Market Forecast: Rental yield projected to increase by 192% by April 2025
Market Drivers:
- Changing interest rate conditions
- Strong regional migration
- Major infrastructure developments
- Improving affordability
- Rising incomes

Market Forecast Graph

Property market forecast for Australia through 2025 showing projected growth trends.

Monthly Sales Volume

Recent sales activity shows fluctuations in monthly volume, with a notable increase in sales during March-May 2024.

Property Analysis

Property Types and Characteristics

Housing Composition

Separate Houses: 55.6% of dwellings
Medium Density Housing: 23.2% of dwellings

Property Price Distribution

The price distribution shows a concentration in the $1.5-2.0 million range for houses in Ermington.

Recent Notable Sales

611 Victoria Road, Ermington NSW 2115

Property Type: 3-bedroom house
Sale Date: May 9, 2024
Sale Price: $1,400,000

24 Honor Street, Ermington NSW 2115

Property Type: 6-bedroom, 2-bathroom house with 4 parking spaces
Sale Date: May 1, 2024
Sale Price: $2,130,000

Unnamed Property

Property Type: 4-bedroom, 2-bathroom house
Sale Price: $1,750,000
Sale Date: January 24, 2024

Sales by Property Type

Houses with 5+ bedrooms: 32 sold
Houses with 3 bedrooms: 48 sold

Price by Property Type

Houses dominate the Ermington market, with an average price of approximately $1,737,988, while units average around $757,500.

Price by Bedroom Count

Clear correlation between bedroom count and property price, with significant price jumps between 3, 4, and 6-bedroom properties.

Demographic Analysis

Population Statistics

Population Size: 10,994 to 12,686 residents (2021 Census)
Population Growth: Increased by 13.30% between 2011-2016
Population Density: Approximately 3,312 persons per square kilometer
Population Projections:
- 2025 Forecast: 13,696 residents
- 2046 Forecast: 18,701 residents

Age Distribution

Median Age: 37-38 years
Predominant Age Group: 30-39 years
School Age Population: 22% of residents

Cultural Diversity

Australian-Born: 59.5% of residents
Overseas-Born: 48% of residents (compared to Sydney Metro average of 40%)
Top Three Ancestries:
1. Chinese
2. Australian
3. English
Indigenous Population: 1.2% of the population

Household Composition

Primary Household Type: Couples with children
Typical Household Income Range: Households likely paying $3,000 - $3,999 in mortgage/rent

Gender Distribution

Male: 49.8%
Female: 50.2%

Investment Insights

Market Stability

Ermington shows moderate but steady growth with a 3.78% annual capital growth rate for houses. This stability suggests lower risk compared to more volatile markets, but also potentially lower short-term returns.

Renovation Opportunities

The suburb offers diverse renovation opportunities including:

Comprehensive renovations
Property expansions
Complete rebuilds
Potential redevelopment (subject to local planning approval)

Target Property Profile

Based on our analysis, the ideal property for flipping in Ermington would be:

3-bedroom houses with potential to add a 4th bedroom
Older properties requiring modernization
Properties in the $1.4-1.6 million range (below median price)
Properties with renovation potential but sound structural elements

Location and Suburb Profile

Size: Approximately 3.8 square kilometers
Location: Geographical center of Greater Sydney
Distance from Sydney CBD: Approximately 15 kilometers
Suburb Characteristics:
- Family-friendly suburb
- Diverse property landscape
- Potential for medium-density housing development

Limitations and Considerations

While the market shows stability, growth rates are moderate
Detailed future projections beyond 2025 are limited
Investors should conduct further due diligence and consult local real estate professionals for the most up-to-date insights

Renovation Strategy Recommendations

Focus on three and four-bedroom houses for renovation and resale
Consider the stable market and modest growth when planning investment strategies
Evaluate the strong rental market potential
Target mid-range renovations ($2,500-$4,000 per sqm) for optimal ROI

Ermington Property Market Research