ERSKINE MARKET SNAPSHOT – SEPTEMBER 2025

Erskine had a positive September with increased sales activity, stable rental movement, and solid annual growth in both house and unit prices.

Sales
There were 15 residential sales recorded during the month, up from August and 36.4 percent higher than this time last year. The median house price climbed to $730,000, showing annual growth of 11.4 percent, while the overall median price across all dwellings reached $710,000.

Listings
There were 5 houses and 4 units listed for sale at the end of September, bringing the total number of listings to 9. This reflects a 12.5 percent increase from August, but stock remains down 25 percent compared to last year.

Land
There were no land sales officially recorded for the month. The most recent data indicates a median land price of $490,000, with land taking around 9 days to sell on average in recent months.

Sales Time on Market
Houses sold in a median of 23 days, slightly slower than August. Units moved faster, with a median of 7 days on market. Overall, properties sold in a median of 8 days, indicating strong buyer activity despite limited stock.

Rentals
Erskine saw 11 residential leases signed in September, a 37.5 percent increase from August. The median rent across all dwellings dropped slightly to $595 per week, with houses leasing at $610 and units at $495.

Rental Time on Market
There were 7 rental listings at the end of September. Properties leased in a median of 21 days, one day faster than August, and seven days quicker than the same time last year.