Suburb Profile Report for Old Erowal Bay NSW (2540)

Old Erowal Bay House: Median price $365,000, Annual capital growth 5.50%, Number of sales 35, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report

At number 910th in the list of Australian suburbs ordered by increase in median house value over the last year, Old Erowal Bay, 2540 is in the top 30% with a property value increase of 12.31% recorded in median house prices.

The five-year average increase in median property values for Old Erowal Bay,2540 has given property investors a potential capital gain of 35.81% across each of those five years.

Property investors looking for a bargain in Old Erowal Bay should be aiming for at least -4.45% off the asking price, which is the average vendor discount being achieved at the moment.

On average over the past year, suburb has had 2.92 sales per month, which equates to 35 per year.

Using the current median advertised rental of $350 and the average annual increase in value of a median property of 5.50%, investors should hope to achieve an overall return of 4.99%

Metrics i HOUSE UNIT
$365,000 N/A
4.29% N/A
12.31% N/A
5.50% N/A
$350 N/A
35 N/A
4.99% N/A
82.92 N/A

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 950
Median household income ($/weekly) 729
Median age of persons 38
Median housing loan repayment ($/monthly) 1170
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 130 13.7
    35-44 years 123 13.0
    45-54 years 144 15.2
    55-64 years 113 11.9
    65-74 years 103 10.9
    Others 335 35.3
    Age Group
    Census Count Percent(%)
    Not Married 318 46.4
    Registered Married 295 43.0
    Defacto Relationship 73 10.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 782 86.8
    Greece 7 0.8
    Papua New Guinea 20 2.2
    United Kingdom 41 4.6
    Other 10 1.1
    Others 41 4.6
    Country of Birth
    Census Count Percent(%)
    Christianity 651 74.7
    No Religion 210 24.1
    Buddhism 7 0.8
    Other Religious Groups 3 0.3
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 36 11.0
    $400-$599 65 19.9
    $600-$799 49 15.0
    $800-$999 43 13.2
    $1,000-$1,249 34 10.4
    Others 99 30.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 326 47.0
    Employed, worked full-time 185 26.7
    Employed, worked part-time 121 17.5
    Unemployed, looking for work 39 5.6
    Employed, away from work 22 3.2
    Person Characteristics
  • Census Count Percent(%)
    Professionals 51 15.6
    Technicians & trades workers 52 16.0
    Community & personal service workers 62 19.0
    Machinery operators & drivers 36 11.0
    Labourers 34 10.4
    Others 91 27.9
    Occupation
    Census Count Percent(%)
    Pre-school 11 5.4
    Infants/Primary 75 36.6
    Secondary 73 35.6
    Technical or Further Educational Institution 29 14.1
    University or other Tertiary Institutions 14 6.8
    Others 3 1.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 896 99.6
    Semi-detached, row or terrace house, townhouse 4 0.4
    Flat, unit or apartment 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 158 43.8
    Fully owned 111 30.7
    Rented 86 23.8
    Other tenure type 6 1.7
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals