Property value increases in Erowal Bay have tracked just higher than the NSW average of 11.06% over the last 12 months.
Erowal Bay,2540 was ranked 565 in Australia by increase in median property value over the quarter.
Property investors looking for a bargain in Erowal Bay should be aiming for at least -6.69% off the asking price, which is the average vendor discount being achieved at the moment.
At number 2956 in a list of fastest selling suburbs, Erowal Bay is in the bottom 30% of suburbs in Australia with an average of days on market 106.21 for properties listed there.
Situated on the south coast of New South Wales, the small suburb of Erowal Bay is a great spot for those who want a taste of the shore.Full summary
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An idyllic suburb by the beach
Median house price: $530,000
Three-year growth: 37.13%
Rental yield: 3.65%
Situated on the south coast of New South Wales, the small suburb of Erowal Bay is a great spot for those who want a taste of the shore.
The suburb lies directly on the banks of St Georges Basin less than 10 minutes from Hyams Beach, making it one of Shoalhaven City’s tourist destinations for those who enjoy swimming, bushwalking and bird watching. From here, Booderee National Park and the beaches on Jervis Bay are within reach. Residents also get to enjoy a good variety of amenities in town, including a café and tennis courts.
Despite its distance from Sydney, Erowal Bay has been gaining ground progressively in terms of capital growth, with over 20% increase in house prices over the March 2017 quarter alone.Close