Elermore Vale (postcode 2287) is a mid-sized suburb in New South Wales within the Newcastle local government area. It is home to about 6,057 residents, with a settled mid-life population and a median age of 42. Households earn a median income of $81K per year, with an average household size of 2.5 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.1% year-on-year at the LGA level. NSW employment has moved +1.2% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. NSW also had 35 Commonwealth-backed major projects under construction, 17 underway, and 67 in planning as at 2025-09-01, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, technicians & trades, community & personal service. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Scottish.
Median house prices in Elermore Vale stand at $1.1 million, having jumped by 15.6% over the last twelve months. Units have a median price of $750,000 (+9.5% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 3.0%. The median monthly mortgage repayment is $1,842.
Public transport access includes 70 bus stops. The crime rate in the Newcastle LGA is moderate at 6,303 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 3.0%, which reads as moderate yield. Property prices are near the state median ($1.1M/$1.5M). The price-to-income ratio of 13.6x is considered stretched. House prices have moved +15.6% year-on-year. Population growth of +1.1% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.