Property investors who have had real estate in Erowal Bay, 2540 should be relatively pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 12.71%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Erowal Bay has increased when compared to the 5 year average annual rate.
Erowal Bay, 2540 is offering NSW ‘s 423th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 40% of discounts offered by this NSW.
Often selling an investment property can take time, and in Erowal Bay the average time real estate has been on the market is 94.17 days.
A $350 per week rent on the median house gives suburb investors a gross yield of circa 3.87%, without taking into account capital value appreciation, which has been averaging out at 3.77%.
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