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%