Suburb Profile Report for Old Erowal Bay NSW (2540)

Old Erowal Bay House: Median price $400,000, Annual capital growth 6.57%, Number of sales 33, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report

NSW has seen average median house prices change by 11.06% which means that Old Erowal Bay, 2540 has done well for property investors by showing a capital gain of 21.40% over the last year

A 58.73% growth in median value for property investors in Old Erowal Bay,2540 puts this suburb at number 593th in terms of best performing suburbs in NSW

Old Erowal Bay2540 is located in NSW which offers an average discount of -5.22% to property investors. Old Erowal Bay itself is showing figures that indicate -3.74% is the average achievable by property buyers investing in the suburb.

At number 1244 in a list of fastest selling suburbs, Old Erowal Bay is in the TOP 40% of suburbs in Australia with an average of days on market 60.77 for properties listed there.

Property investors should expect to get $350 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$400,000 N/A
2.56% N/A
21.40% N/A
6.57% N/A
$350 N/A
33 N/A
4.55% N/A
60.77 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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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
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