Suburb Profile Report for Erowal Bay NSW (2540)

Erowal Bay House: Median price $507,500, Annual capital growth 4.88%, Number of sales 18, Weekly median advertised rent $330

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Expert Report

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.

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June 2017

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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

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
Metrics i HOUSE UNIT
$507,500 N/A
5.73% N/A
16.67% N/A
4.88% N/A
$330 N/A
18 N/A
3.38% N/A
106.21 N/A

Source: CoreLogic

DSR Score for property investment : Very good (H), Good (U)
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Demographics
Total population 553
Median household income ($/weekly) 1104
Median age of persons 47
Median housing loan repayment ($/monthly) 1617
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 71 12.9
    35-44 years 70 12.7
    45-54 years 83 15.0
    55-64 years 100 18.1
    65-74 years 76 13.8
    Others 152 27.5
    Age Group
    Census Count Percent(%)
    Registered Married 211 53.8
    Not Married 135 34.4
    Defacto Relationship 46 11.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 464 88.2
    Hong Kong 6 1.1
    Papua New Guinea 7 1.3
    United Kingdom 27 5.1
    Other 10 1.9
    Others 12 2.3
    Country of Birth
    Census Count Percent(%)
    Christianity 384 75.6
    No Religion 121 23.8
    Buddhism 3 0.6
    Hinduism 0 0.0
    Islam 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 20 10.3
    $400-$599 32 16.5
    $1,000-$1,249 24 12.4
    $1,250-$1,499 15 7.7
    $1,500-$1,999 31 16.0
    Others 72 37.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 185 43.0
    Employed, worked full-time 134 31.2
    Employed, worked part-time 80 18.6
    Unemployed, looking for work 24 5.6
    Employed, away from work 7 1.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 30 13.6
    Professionals 54 24.4
    Technicians & trades workers 37 16.7
    Community & personal service workers 27 12.2
    Clerical & administrative workers 26 11.8
    Others 47 21.3
    Occupation
    Census Count Percent(%)
    Pre-school 6 5.3
    Infants/Primary 43 37.7
    Secondary 29 25.4
    Technical or Further Educational Institution 23 20.2
    University or other Tertiary Institutions 10 8.8
    Others 3 2.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 496 98.4
    Semi-detached, row or terrace house, townhouse 5 1.0
    House or flat attached to a shop, office 3 0.6
    Flat, unit or apartment 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 85 41.7
    Being purchased 75 36.8
    Rented 44 21.6
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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Recent sales & rentals