At number 72th in the list of Australian suburbs ordered by increase in median house value over the last year, Erowal Bay, 2540 is in the top 10% with a property value increase of 32.47% recorded in median house prices.
Comparing Erowal Bay,2540 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Erowal Bay, 2540. Typically our figures indicate that -4.30% is being offered, which puts this NSW suburb at 3003th most discounted overall in Australia.
With the median price for a house in Erowal Bay being $510000 and the advertised rent reaching $345 the gross rental yield for property investors calculates out to be 3.52%