Erindale Short-Term Rental (Airbnb) Market
Erindale SA Investment Analysis
HOLD
— 4.0% gross yield on a $977,374 median.
THE MARKET
Median house price in Erindale sits at $977,374 with 55 days on market and a 0.3% vacancy rate. This is a tight rental market right now.
- **Median house:** $977,374 | **Units:** $579,568 - **Gross yield:** 4.0% | **Net yield:** 2.5% - **5yr price CAGR:** -2.6%/yr | **3yr forecast:** -3.0%/yr - **Population:** 16,572 | **Owner-occupier rate:** 34% | **Affluence:** Very High
- **Supply pipeline:** Moderate — Development activity consistent with long-term averages
RENTAL SNAPSHOT
- **Vacancy:** 0.3% (worsening) | **Rental demand:** Very High - **Median weekly rent:** $750/wk | **Days on market:** 55 (worsening) - Landlord market — rents likely to keep rising.
SHORT-TERM RENTAL
- **Median nightly rate:** $155/night | **Occupancy:** 64% - **Estimated annual STR gross:** ~$36,208/yr - **vs long-term rent:** $39,000/yr (comparable — LTR offers simpler management)
INFRASTRUCTURE & CATALYSTS
- No major confirmed infrastructure projects on record. - **Transport:** Well-connected inner-city location
BULL CASE
If Erindale maintains 3%+ annual growth and vacancy stays below 0.8%, median prices could reach $1,123,980 within 3 years with yields compressing slightly as capital values rise.
BEAR CASE
A market correction or interest rate shock could see prices in Erindale pull back 10-15% from $977,374, with vacancy rising to 0.5% and rental yields softening as tenants gain leverage.
KEY RISKS
- Negative price growth suggests a softening market
COMPARABLE MARKETS
- **Adelaide CBD** (SA): $948,000 median, 3.6% yield, 7.7% 1yr growth - **Albert Park** (SA): $880,000 median, 3.7% yield, 13.5% 1yr growth - **Aldinga Beach** (SA): $790,000 median, 4.0% yield, 8.2% 1yr growth
THE PLAY
Erindale offers balanced fundamentals but does not present an urgent buying signal. The market is in a trough phase with low vacancy risk. Monitor vacancy trends and price movements over the next 6-12 months. Only enter if a property can be acquired at or below median pricing with yields exceeding 4.5%.
- Entry range: $879,637 – $1,075,111 - Minimum gross yield to target: 4.5% - Watch signal: vacancy staying below 2% and days on market falling below 35
This analysis is for informational purposes only and does not constitute financial, legal, or investment advice. Seek professional advice before making investment decisions.
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Analyse a Property →Data sourced from ABS, state government property sales, and Airbnb market analytics. For informational purposes only — not financial advice.