With a capital gain of 21.53% for the last 12 months, Erowal Bay, 2540 has performed for property investments than its average annual 4.22% property growth over the last 5 years.
Over the longer term, Erowal Bay has seen property prices show investors a 18.56% return over the last 3 years. This is an improvement over the last 12 months
Our latest figures would indicate that property sellers in Erowal Bay are currently offering property investors an average price cut of -3.20% below the asking price at the moment.
In the last year 24 properties changed hands in Erowal Bay, which puts it as the 1048th most active market in NSW when comparing the number of sales per suburb.
Using the current median advertised rental of $340 and the average annual increase in value of a median property of 4.22%, investors should hope to achieve an overall return of 4.04%